Retirement plan

M.M. SATTERFIELD OIL COMPANY, INC. PROFIT SHARING AND 401K PLAN

Name: M.M. SATTERFIELD OIL COMPANY, INC. - M.M. SATTERFIELD OIL COMPANY, INC. PROFIT SHARING AND 401K PLAN (2020) Form 5500
Creator: M.M. SATTERFIELD OIL COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, M.M. SATTERFIELD OIL COMPANY, INC. PROFIT SHARING AND 401K PLAN, M.M. SATTERFIELD OIL COMPANY, INC.

M.M. SATTERFIELD OIL COMPANY, INC.EIN 71-0335231Plan #001PY 2020

105 E. ROBINS STREET - CONWAY, AR 72032501-327-7714satterfieldfuels.comLinkedIn1-10 employeesoil & energy

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

+12.1% from 2019

Total participants

-6.6% from 2019

Average account balance

$20,678

+16.2% from 2019

Annual return

13.70%

-0.94 pp from 2019

Benchmarks

See 18,868 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort18,868 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.03M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

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.

73.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$38K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J2G

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$48K

$3206 / participant

Other / not subdivided$48K100.0%

% of EOY assets

4.228%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,678

$112,933-81.7%

$90,970-77.3%

$158,982-87.0%

Participation rate

86.7%

74.7%+11.9pp

69.0%+17.7pp

82.0%+4.7pp

Annual return

13.70%

215.82%-202.1pp

134.60%-120.9pp

302.99%-289.3pp

Employer contribution / active EE

$2,893-100.0%

$2,122-100.0%

$4,763-100.0%

Participant deferral / active EE

$2,125

$4,128-48.5%

$3,373-37.0%

$5,983-64.5%

Admin fee / account holder

$874

$8,047-89.1%

$5,961-85.3%

$11,252-92.2%

M.M. SATTERFIELD OIL COMPANY, INC. PROFIT SHARING AND 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

M.M. SATTERFIELD OIL COMPANY, INC. PROFIT SHARING AND 401K 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