Retirement plan

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

Name: SATTERFIELD OIL - M M SATTERFIELD OIL COMPANY INC PROFIT SHARING AND 401K PLAN (2023) Form 5500
Creator: SATTERFIELD OIL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, M M SATTERFIELD OIL COMPANY INC PROFIT SHARING AND 401K PLAN, SATTERFIELD OIL

SATTERFIELD OILEIN 71-0335231Plan #001PY 2023

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$906K

-0.4% from 2022

Total participants

-8.6% from 2022

Average account balance

$18,126

+3.5% from 2022

Annual return

13.57%

+28.74 pp from 2022

Benchmarks

See 22,163 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,163 peers

Snapshot2023

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 codes2E2G2J2T

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$174K

$11611 / participant

Other / not subdivided$174K100.0%

% of EOY assets

19.216%

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

$18,126

$102,663-82.3%

$86,216-79.0%

$139,466-87.0%

Participation rate

80.0%

74.5%+5.5pp

69.0%+11.0pp

80.3%-0.3pp

Annual return

13.57%

1924.52%-1910.9pp

1169.42%-1155.8pp

373.66%-360.1pp

Employer contribution / active EE

$3,035-100.0%

$2,382-100.0%

$4,754-100.0%

Participant deferral / active EE

$2,872

$4,677-38.6%

$3,986-27.9%

$6,712-57.2%

Admin fee / account holder

$3,483

$8,663-59.8%

$6,853-49.2%

$11,409-69.5%

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