Retirement plan

PETROLEUM WHOLESALE LP 401(K) PROFIT SHARING PLAN

Name: PETROLEUM WHOLESALE, L.P. - PETROLEUM WHOLESALE LP 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: PETROLEUM WHOLESALE, L.P.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PETROLEUM WHOLESALE LP 401(K) PROFIT SHARING PLAN, PETROLEUM WHOLESALE, L.P.

PETROLEUM WHOLESALE, L.P.EIN 73-0956836Plan #001PY 2020

8550 TECHNOLOGY FOREST PLACE - THE WOODLANDS, TX 77381281-681-1000petroleumwholesale.comLinkedIn201-500 employeeswholesale

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$11.1M

+19.8% from 2019

Total participants

550

-6.8% from 2019

Average account balance

$21,179

+27.3% from 2019

Annual return

15.64%

-2.77 pp from 2019

Benchmarks

See 1,266 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,266 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.63M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

601

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.

58.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$135

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
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	$32,481
REGIONS BANK5 years Service code 27 · EIN 63-0371391	Advisory (Plan)	$19,816

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$52K

$156 / participant

Other / not subdivided$52K100.0%

% of EOY assets

0.469%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WEAVER & TIDWELL, LLP
Auditor EIN: 750786316
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,179

$78,419-73.0%

$133,978-84.2%

$73,412-71.2%

Participation rate

92.8%

78.6%+14.2pp

79.8%+13.0pp

72.2%+20.7pp

Annual return

15.64%

33.35%-17.7pp

45.10%-29.5pp

59.30%-43.7pp

Employer contribution / active EE

$2,687

$2,044+31.5%

$3,919-31.4%

$2,234+20.3%

Participant deferral / active EE

$2,107

$3,925-46.3%

$5,047-58.3%

$3,806-44.6%

Admin fee / account holder

$99

$161-38.4%

$8,930-98.9%

$158-37.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

$32,481

REGIONS BANK5 years

Service code 27 · EIN 63-0371391

Advisory (Plan)

$19,816

PETROLEUM WHOLESALE LP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PETROLEUM WHOLESALE LP 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