Retirement plan

L&L OILFIELD SERVICE, INC. 401(K) PLAN

Name: L & L OILFIELD SERVICE, INC. - L&L OILFIELD SERVICE, INC. 401(K) PLAN (2022) Form 5500
Creator: L & L OILFIELD SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, L&L OILFIELD SERVICE, INC. 401(K) PLAN, L & L OILFIELD SERVICE, INC.

L & L OILFIELD SERVICE, INC.EIN 83-0221975Plan #001PY 2022

120 UPPER CLEAR CREEK RD - BUFFALO, WY 82834307-437-6419

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$404K

-4.9% from 2021

Total participants

+10.0% from 2021

Average account balance

$36,750

-13.5% from 2021

Annual return

-15.02%

-30.07 pp from 2021

Benchmarks

See 1,674 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants<25

Cohort1,674 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$877K

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

111.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$94K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$241

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$41K

$5137 / participant

Other / not subdivided$41K100.0%

% of EOY assets

10.165%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,750

$175,646-79.1%

$129,118-71.5%

$134,532-72.7%

Participation rate

100.0%

81.6%+18.4pp

77.2%+22.8pp

81.2%+18.8pp

Annual return

-15.02%

-11.39%-3.6pp

-10.94%-4.1pp

418.27%-433.3pp

Employer contribution / active EE

$2,521

$6,355-60.3%

$5,051-50.1%

$4,741-46.8%

Participant deferral / active EE

$7,869

$7,970-1.3%

$6,539+20.3%

$6,401+22.9%

Admin fee / account holder

$3,736

$23,578-84.2%

$14,305-73.9%

$11,429-67.3%

L&L OILFIELD SERVICE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

L&L OILFIELD SERVICE, INC. 401(K) 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