Retirement plan

OIL WORKS 401K PLAN

Name: INTERAMERICAN OIL WORKS INC - OIL WORKS 401K PLAN (2015) Form 5500
Creator: INTERAMERICAN OIL WORKS INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OIL WORKS 401K PLAN, INTERAMERICAN OIL WORKS INC

INTERAMERICAN OIL WORKS INCEIN 75-2361097Plan #001PY 2015

PO BOX 69170 - ODESSA, TX 79769432-381-5265

Prospect flagsLow returnsLow fidelity bond

How to read this page

Total assets (EOY)

$2.8M

No prior year

Total participants

No prior year

Average account balance

$34,338

No prior year

Annual return

-3.34%

No prior year

Benchmarks

See 850 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants25-99

Cohort850 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.04M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

147.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$254K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1664

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
AMERICAN FUNDS1+ years Filed as: CAPITAL RESEARCH AND MGT CO Service code 13 PO BOX 6040 · INDIANAPOLIS, IN 462066040	Contract Administrator	$750
EDWARD JONES1+ years Service code 27 1901 E 37TH ST · ODESSA, TX 79762	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$1K

$19 / participant

Investment mgmt$1K100.0%

% of EOY assets

0.044%

all-in expense ratio

Categories reported

1 / 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: WEAVER AND TIDWELL
Auditor EIN: 470879946
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,338

$59,332-42.1%

$90,223-61.9%

$59,633-42.4%

Participation rate

79.4%

71.9%+7.4pp

79.0%+0.3pp

68.7%+10.7pp

Annual return

-3.34%

3.25%-6.6pp

1.31%-4.6pp

2041.45%-2044.8pp

Employer contribution / active EE

$2,055

$3,031-32.2%

$4,378-53.1%

$2,203-6.7%

Participant deferral / active EE

$2,746

$4,369-37.2%

$5,792-52.6%

$3,192-14.0%

Admin fee / account holder

$15

$5,032-99.7%

$7,406-99.8%

$4,297-99.7%

Provider

Service type

Compensation

AMERICAN FUNDS1+ years

Filed as: CAPITAL RESEARCH AND MGT CO

Service code 13

PO BOX 6040 · INDIANAPOLIS, IN 462066040

Contract Administrator

$750

EDWARD JONES1+ years

Service code 27

1901 E 37TH ST · ODESSA, TX 79762

Advisory (Plan)

OIL WORKS 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OIL WORKS 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