Retirement plan

TRANSWORLD 401K PLAN

Name: TRANSWORLD OIL U.S.A., INC. - TRANSWORLD 401K PLAN (2024) Form 5500
Creator: TRANSWORLD OIL U.S.A., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRANSWORLD 401K PLAN, TRANSWORLD OIL U.S.A., INC.

TRANSWORLD OIL U.S.A., INC.EIN 74-2139029Plan #001PY 2024

2950 NORTH LOOP WEST SUITE 500 - HOUSTON, TX 77092337-480-6629twoil.comLinkedIn11-50 employeesoil & energy

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$33.2M

+12.7% from 2023

Total participants

179

+5.9% from 2023

Average account balance

$194,010

+8.1% from 2023

Annual return

18.21%

-2.37 pp from 2023

Benchmarks

See 1,845 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,845 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.18M

Not enough data

1 years with asset history on file

Average account balance

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

$194K

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.

171

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.

94.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+18.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$202

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
PRICEWATERHOUSECOOPERS LLP2 years Filed as: PRICE WATERHOUSE COOPERS LLP Service code 10 · EIN 13-4008324	Accounting	$62,000
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	-$31,225

Plan features & details

Pension benefit codes2E2F2G2J2T3H3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$35K

$238 / participant

Investment mgmt$4K10.8%
Other / not subdivided$31K89.2%

% of EOY assets

0.104%

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: PRICE WATERHOUSE COOPERS LLP
Auditor EIN: 134008324
Audit fees: $62,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$194,010

$78,636+146.7%

$105,607+83.7%

$74,459+160.6%

Participation rate

94.5%

72.8%+21.7pp

75.3%+19.2pp

67.2%+27.3pp

Annual return

18.21%

15.96%+2.3pp

116.11%-97.9pp

1369.70%-1351.5pp

Employer contribution / active EE

$10,737

$2,523+325.5%

$3,167+239.0%

$2,626+308.9%

Participant deferral / active EE

$10,727

$4,322+148.2%

$5,011+114.1%

$4,350+146.6%

Admin fee / account holder

$202

$2,220-90.9%

$10,958-98.2%

$1,945-89.6%

Provider

Service type

Compensation

PRICEWATERHOUSECOOPERS LLP2 years

Filed as: PRICE WATERHOUSE COOPERS LLP

Service code 10 · EIN 13-4008324

Accounting

$62,000

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$31,225

TRANSWORLD 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRANSWORLD 401K 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