Retirement plan

CENTRAL CRUDE, INC. 401 (K) PROFIT SHARING PLAN

Name: CENTRAL CRUDE, INC. - CENTRAL CRUDE, INC. 401 (K) PROFIT SHARING PLAN (2016) Form 5500
Creator: CENTRAL CRUDE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL CRUDE, INC. 401 (K) PROFIT SHARING PLAN, CENTRAL CRUDE, INC.

CENTRAL CRUDE, INC.EIN 72-0806442Plan #001PY 2016

P.O. BOX 1863 - LAKE CHARLES, LA 70602337-436-1000centralcrude.comLinkedIn201-500 employeesoil & energy

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.5M

-66.4% from 2015

Total participants

-53.0% from 2015

Average account balance

$57,909

-29.4% from 2015

Annual return

12.72%

+28.11 pp from 2015

Benchmarks

See 9,335 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,335 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.95M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

146.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$360K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7992

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

Top 2 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO Service code 26 · EIN 34-1542819 1 NORTH JEFFERSON AVENUE · ST. LOUIS, MO 63103	Advisory (Participants)	$43,639
JULY BUSINESS SERVICES1 year Service code 13 · EIN 74-2715820 400 AUSTIN AVENUE, SUITE 1200 · WACO, TX 76701	Contract Administrator	$12,908

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

$57K

$1087 / participant

Investment mgmt$44K77.2%
Contract admin$13K22.8%

% of EOY assets

1.627%

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: MCELROY, QUIRK AND BURCH
Auditor EIN: 721086674
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,909

$69,977-17.2%

$108,582-46.7%

$62,881-7.9%

Participation rate

80.8%

72.9%+7.9pp

79.6%+1.2pp

69.3%+11.5pp

Annual return

12.72%

10.73%+2.0pp

-51.70%+64.4pp

20.14%-7.4pp

Employer contribution / active EE

$2,351

$2,135+10.1%

$3,758-37.5%

$2,281+3.1%

Participant deferral / active EE

$4,399

$3,165+39.0%

$4,311+2.0%

$3,203+37.3%

Admin fee / account holder

$942

$5,076-81.4%

$7,645-87.7%

$4,296-78.1%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2+ years

Filed as: WELLS FARGO

Service code 26 · EIN 34-1542819

1 NORTH JEFFERSON AVENUE · ST. LOUIS, MO 63103

Advisory (Participants)

$43,639

JULY BUSINESS SERVICES1 year

Service code 13 · EIN 74-2715820

400 AUSTIN AVENUE, SUITE 1200 · WACO, TX 76701

Contract Administrator

$12,908

CENTRAL CRUDE, INC. 401 (K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL CRUDE, INC. 401 (K) 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