Retirement plan

L&L OILFIELD SERVICE INC 401K PLAN

Name: L & L OILFIELD SERVICE INC - L&L OILFIELD SERVICE INC 401K PLAN (2023) 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 401K PLAN, L & L OILFIELD SERVICE INC

L & L OILFIELD SERVICE INCEIN 83-0221975Plan #001PY 2023

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

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$549K

+35.8% from 2022

Total participants

-9.1% from 2022

Average account balance

$54,918

+49.4% from 2022

Annual return

14.31%

+29.33 pp from 2022

Benchmarks

See 1,611 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants<25

Cohort1,611 peers

Snapshot2023

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 codes2E2J2G2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.

Opportunity flags

1 tripped

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

$116 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.190%

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

$54,918

$192,829-71.5%

$142,516-61.5%

$139,466-60.6%

Participation rate

100.0%

81.4%+18.6pp

76.8%+23.2pp

80.3%+19.7pp

Annual return

14.31%

17.99%-3.7pp

19.99%-5.7pp

373.66%-359.4pp

Employer contribution / active EE

$2,197

$5,808-62.2%

$4,849-54.7%

$4,754-53.8%

Participant deferral / active EE

$7,479

$7,200+3.9%

$6,280+19.1%

$6,712+11.4%

Admin fee / account holder

$104

$15,120-99.3%

$10,008-99.0%

$11,409-99.1%

L&L OILFIELD SERVICE INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

L&L OILFIELD SERVICE INC 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