Retirement plan

JUSTISS OIL COMPANY, INC. SAVINGS AND RETIREMENT PLAN

Name: JUSTISS OIL COMPANY, INC. - JUSTISS OIL COMPANY, INC. SAVINGS AND RETIREMENT PLAN (2017) Form 5500
Creator: JUSTISS OIL COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JUSTISS OIL COMPANY, INC. SAVINGS AND RETIREMENT PLAN, JUSTISS OIL COMPANY, INC.

JUSTISS OIL COMPANY, INC.EIN 72-0407480Plan #003PY 2017

PO BOX 2990 - JENA, LA 71342318-992-4111justissoil.comLinkedIn201-500 employeesoil & energy

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$12.6M

+14.4% from 2016

Total participants

173

+10.2% from 2016

Average account balance

$78,579

+4.4% from 2016

Annual return

12.99%

+8.38 pp from 2016

Benchmarks

See 301 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort301 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.45M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

132

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.

78.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$435K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+8.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$267

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 6 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850	Recordkeeping	$7,357
RELIANCE TRUST COMPANY3+ years Service code 25 · EIN 58-1428634	Directed Trustee	$400
MORNINGSTAR3+ years Filed as: MORNINGSTAR ASSOCIATES, LLC Service code 49 · EIN 36-4317381	Other Services	$21
MESIROW FINANCIAL INVESTMENT MANAGE1 year Service code 49	Other Services	$20
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL INVESTMENT MNGMT Service code 49 · EIN 36-3429599	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$55K

$491 / participant

Investment mgmt$7K13.4%
Contract admin$48K86.6%

% of EOY assets

0.438%

all-in expense ratio

Categories reported

2 / 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: GARDNER, LANGSTON & BRYAN
Auditor EIN: 720926725
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,579

$66,180+18.7%

$118,746-33.8%

$62,293+26.1%

Participation rate

88.4%

71.3%+17.1pp

78.3%+10.1pp

69.5%+18.9pp

Annual return

12.99%

60.89%-47.9pp

24.54%-11.5pp

28.90%-15.9pp

Employer contribution / active EE

$853

$3,183-73.2%

$4,193-79.7%

$2,042-58.3%

Participant deferral / active EE

$3,047

$4,247-28.3%

$5,332-42.9%

$3,169-3.9%

Admin fee / account holder

$344

$753-54.4%

$10,720-96.8%

$479-28.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSMUTUAL LIFE INSURANCE CO.

Service code 15 · EIN 04-1590850

Recordkeeping

$7,357

RELIANCE TRUST COMPANY3+ years

Service code 25 · EIN 58-1428634

Directed Trustee

$400

MORNINGSTAR3+ years

Filed as: MORNINGSTAR ASSOCIATES, LLC

Service code 49 · EIN 36-4317381

Other Services

$21

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Service code 49

Other Services

$20

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Service code 27 · EIN 61-1732930

Advisory (Plan)

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL INVESTMENT MNGMT

Service code 49 · EIN 36-3429599

Other Services

JUSTISS OIL COMPANY, INC. SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JUSTISS OIL COMPANY, INC. SAVINGS AND RETIREMENT 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