Retirement plan

GAUBERT OIL CO., INC. 401K PROFIT SHARING PLAN

Name: GAUBERT OIL COMPANY, INC. - GAUBERT OIL CO., INC. 401K PROFIT SHARING PLAN (2024) Form 5500
Creator: GAUBERT OIL COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GAUBERT OIL CO., INC. 401K PROFIT SHARING PLAN, GAUBERT OIL COMPANY, INC.

GAUBERT OIL COMPANY, INC.EIN 72-0488123Plan #001PY 2024

10 RIENZI DRIVE - THIBODAUX, LA 70301985-447-3811gaubertoil.comLinkedIn201-500 employeesoil & energy

Prospect flagsLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.8M

+19.2% from 2023

Total participants

305

-19.1% from 2023

Average account balance

$34,973

+33.2% from 2023

Annual return

23.74%

+9.59 pp from 2023

Benchmarks

See 69 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Cohort69 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.79M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

280

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.

90.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$815K

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

+23.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$62

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
HANCOCK WHITNEY BANK5 years Service code 21 · EIN 64-0169065	Bank Trustee	$17,348
CHARLES SCHWAB & CO., INC.9+ years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2G2J2K2T3D3H

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$17K

$70 / participant

Recordkeeping$17K100.0%

% of EOY assets

0.177%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEGLUE & COMPANY CPA'S LLC
Auditor EIN: 823898275
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,973

$84,414-58.6%

$165,100-78.8%

Participation rate

90.0%

69.4%+20.6pp

78.6%+11.3pp

Annual return

23.74%

13.94%+9.8pp

70.21%-46.5pp

Employer contribution / active EE

$1,841

$2,400-23.3%

$4,348-57.7%

Participant deferral / active EE

$1,433

$4,277-66.5%

$6,035-76.3%

Admin fee / account holder

$62

$4,429-98.6%

$12,696-99.5%

Provider

Service type

Compensation

HANCOCK WHITNEY BANK5 years

Service code 21 · EIN 64-0169065

Bank Trustee

$17,348

CHARLES SCHWAB & CO., INC.9+ years

Service code 59 · EIN 94-1737782

Shareholder Servicing

GAUBERT OIL CO., INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GAUBERT OIL CO., INC. 401K PROFIT SHARING 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