Retirement plan

KIRKPATRICK COMPANIES SAVINGS INCENTIVE & PROFIT SHARING PLAN

Name: KIRKPATRICK OIL COMPANY, INC. - KIRKPATRICK COMPANIES SAVINGS INCENTIVE & PROFIT SHARING PLAN (2022) Form 5500
Creator: KIRKPATRICK OIL COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KIRKPATRICK COMPANIES SAVINGS INCENTIVE & PROFIT SHARING PLAN, KIRKPATRICK OIL COMPANY, INC.

KIRKPATRICK OIL COMPANY, INC.EIN 73-1342045Plan #002PY 2022

1001 W. WILSHIRE BLVD., SUITE 202 - OKLAHOMA CITY, OK 73116405-767-3655kirkpatrickoil.comLinkedIn11-50 employeesoil & energy

Other plans on this EIN

1 filing

#001Retirement--

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$21.6M

-16.7% from 2021

Total participants

165

-3.5% from 2021

Average account balance

$140,213

-18.3% from 2021

Annual return

-16.89%

-30.25 pp from 2021

Benchmarks

See 274 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort274 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.45M

Not enough data

1 years with asset history on file

Average account balance

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

$156K

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.

170

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.

90.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+13.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$559

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 3 by compensation

Provider	Service type	Compensation
EQUITABLE ADVISORS LLC1 year Filed as: EQUITABLE ADVISOR, LLC Service code 26	Advisory (Participants)	$30,000
WILSHIRE ASSOCIATES INCORPORATED1 year Filed as: WILSHIRE ASSOCIATES INC (USA) Service code 26	Advisory (Participants)	$1,363
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346	Recordkeeping	$1,260

Plan features & details

Pension benefit codes2E2F2G2J2T2S3D3H

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$115K

$881 / participant

Investment mgmt$30K26.0%
Contract admin$36K31.2%
Other / not subdivided$49K42.8%

% of EOY assets

0.535%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HOGANTAYLOR, LLP
Auditor EIN: 731413977
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$140,213

$64,871+116.1%

$129,118+8.6%

$66,949+109.4%

Participation rate

91.6%

74.0%+17.6pp

77.2%+14.4pp

69.8%+21.8pp

Annual return

-16.89%

-12.21%-4.7pp

-10.94%-5.9pp

1.57%-18.5pp

Employer contribution / active EE

$6,032

$3,741+61.2%

$5,051+19.4%

$2,545+137.0%

Participant deferral / active EE

$8,639

$5,090+69.7%

$6,539+32.1%

$4,239+103.8%

Admin fee / account holder

$750

$629+19.2%

$14,305-94.8%

$594+26.3%

Provider

Service type

Compensation

EQUITABLE ADVISORS LLC1 year

Filed as: EQUITABLE ADVISOR, LLC

Service code 26

Advisory (Participants)

$30,000

WILSHIRE ASSOCIATES INCORPORATED1 year

Filed as: WILSHIRE ASSOCIATES INC (USA)

Service code 26

Advisory (Participants)

$1,363

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Filed as: JOHN HANCOCK USA

Service code 15 · EIN 01-0233346

Recordkeeping

$1,260

KIRKPATRICK COMPANIES SAVINGS INCENTIVE & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KIRKPATRICK COMPANIES SAVINGS INCENTIVE & 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