Retirement plan

RETIF OIL & FUEL L.L.C. 401(K) PROFIT SHARING PLAN

Name: RETIF OIL & FUEL, LLC - RETIF OIL & FUEL L.L.C. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: RETIF OIL & FUEL, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RETIF OIL & FUEL L.L.C. 401(K) PROFIT SHARING PLAN, RETIF OIL & FUEL, LLC

RETIF OIL & FUEL, LLCEIN 72-6029753Plan #001PY 2023

1840 JUTLAND DR. - HARVEY, LA 700582361504-349-9000retif.comLinkedIn201-500 employeesoil & energy

Prospect flagsHigh retiree %Low returns

How to read this page

Total assets (EOY)

$18.7M

+2.2% from 2022

Total participants

251

-3.1% from 2022

Average account balance

$76,147

+0.5% from 2022

Annual return

10.15%

+19.17 pp from 2022

Benchmarks

See 195 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants100-249

Cohort195 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.26M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

254

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+14.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$234

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
NATIONWIDE8 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$25,072
RAYMOND JAMES FINANCIAL SERVICES5 years Filed as: RAYMOND JAMES Service code 22 880 CARILLION PKWY · ST PETERSBURG, FL 33716	Insurance Broker	$17,241
PEDELAHORE & CO. LLP1 year Filed as: PEDELAHORE AND CO LLP Service code 10 3445 N CAUSEWAY BLVD STE 300 · METAIRIE, LA 70002	Accounting	$8,500
BRINKER CAPITAL1 year Filed as: BRINKER CAPITAL INVESTMENTS Service code 22 17605 WRIGHT ST · OMAHA, NE 68130	Insurance Broker	$1,569
PROSPERA FINANCIAL SERVICES1 year Filed as: PROSPERA LIFE & ANNUITY SERV INC Service code 22 5429 LBJ FRWY STE 750 · DALLAS, TX 75240	Insurance Broker	$0

Plan features & details

Pension benefit codes2A2E2J2F2G3D3H2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$43K

$238 / participant

Contract admin$43K100.0%

% of EOY assets

0.228%

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: PEDELAHORE & CO LLP
Auditor EIN: 720535866
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,147

$101,955-25.3%

$112,899-32.6%

$71,511+6.5%

Participation rate

96.6%

82.1%+14.5pp

80.5%+16.1pp

67.9%+28.7pp

Annual return

10.15%

28.92%-18.8pp

34.11%-24.0pp

28.86%-18.7pp

Employer contribution / active EE

$8,450

$4,743+78.1%

$4,566+85.0%

$2,589+226.4%

Participant deferral / active EE

$4,663

$6,771-31.1%

$6,516-28.4%

$4,291+8.7%

Admin fee / account holder

$174

$1,395-87.6%

$7,047-97.5%

$1,588-89.1%

Provider

Service type

Compensation

NATIONWIDE8 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$25,072

RAYMOND JAMES FINANCIAL SERVICES5 years

Filed as: RAYMOND JAMES

Service code 22

880 CARILLION PKWY · ST PETERSBURG, FL 33716

Insurance Broker

$17,241

PEDELAHORE & CO. LLP1 year

Filed as: PEDELAHORE AND CO LLP

Service code 10

3445 N CAUSEWAY BLVD STE 300 · METAIRIE, LA 70002

Accounting

$8,500

BRINKER CAPITAL1 year

Filed as: BRINKER CAPITAL INVESTMENTS

Service code 22

17605 WRIGHT ST · OMAHA, NE 68130

Insurance Broker

$1,569

PROSPERA FINANCIAL SERVICES1 year

Filed as: PROSPERA LIFE & ANNUITY SERV INC

Service code 22

5429 LBJ FRWY STE 750 · DALLAS, TX 75240

Insurance Broker

RETIF OIL & FUEL L.L.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RETIF OIL & FUEL L.L.C. 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