Retirement plan

NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN

Name: NEWCOMB OIL CO., LLC - NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN (2016) Form 5500
Creator: NEWCOMB OIL CO., LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN, NEWCOMB OIL CO., LLC

NEWCOMB OIL CO., LLCEIN 61-0597969Plan #002PY 2016

951 WITHROW COURT - BARDSTOWN, KY 40004502-348-3961newcomboil.comLinkedIn1001-5000 employeesretail

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$17.8M

No prior year

Total participants

561

No prior year

Average account balance

$81,657

No prior year

Annual return

10.11%

No prior year

Benchmarks

See 1,184 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,184 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$29.86M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$76K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

393

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

37.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+26.18%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$374

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASS MUTUAL Service code 15 · EIN 04-1590850	Recordkeeping	$0
MOUNTJOY CHILTON MEDLEY LLP1+ years Service code 13 · EIN 27-1235638 462 S. 4TH STREET, SUITE 2000 · LOUISVILLE, KY 40202	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$36K

$70 / participant

Other / not subdivided$36K100.0%

% of EOY assets

0.202%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DEAN DORTON ALLEN FORD, PLLC
Auditor EIN: 273858252
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,657

$37,044+120.4%

$71,796+13.7%

$57,658+41.6%

Participation rate

33.5%

61.1%-27.6pp

69.1%-35.6pp

70.2%-36.7pp

Annual return

10.11%

12.64%-2.5pp

78.04%-67.9pp

5.13%+5.0pp

Employer contribution / active EE

$557

$720-22.7%

$1,924-71.1%

$1,974-71.8%

Participant deferral / active EE

$966

$1,974-51.1%

$2,794-65.4%

$3,061-68.4%

Admin fee / account holder

$165

$101+63.8%

$4,815-96.6%

$95+74.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASS MUTUAL

Service code 15 · EIN 04-1590850

Recordkeeping

MOUNTJOY CHILTON MEDLEY LLP1+ years

Service code 13 · EIN 27-1235638

462 S. 4TH STREET, SUITE 2000 · LOUISVILLE, KY 40202

Contract Administrator

NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion