Retirement plan

BIG WEST OIL COMPANY CONTRACTED EMPLOYEES 401(K) PLAN

Name: BIG WEST OIL, LLC - BIG WEST OIL COMPANY CONTRACTED EMPLOYEES 401(K) PLAN (2017) Form 5500
Creator: BIG WEST OIL, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BIG WEST OIL COMPANY CONTRACTED EMPLOYEES 401(K) PLAN, BIG WEST OIL, LLC

BIG WEST OIL, LLCEIN 87-0616982Plan #001PY 2017

185 SOUTH STATE STREET, SUITE 1300 - SALT LAKE CITY, UT 84411801-624-1547bigwestoil.comLinkedIn201-500 employeesoil & energy

Other plans on this EIN

1 filing

#002Retirement-$21.6M assets

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$9.5M

+16.6% from 2016

Total participants

123

+4.2% from 2016

Average account balance

$92,560

+8.6% from 2016

Annual return

13.91%

+3.67 pp from 2016

Benchmarks

See 2,371 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,371 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.75M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

760.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$81K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+13.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1311

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
TRANSAMERICA RETIREMENT SOLUTIONS2 years Service code 12 · EIN 13-3689044	Distribution (12b-1) fees; Account ma...	$25,911
INDEPENDENT FINANCIAL PARTNERS1 year Service code 16 · EIN 59-3331424	Consulting	$6,203

Plan features & details

Pension benefit codes2E2F2G2J2K

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$32K

$287 / participant

Investment mgmt$6K19.3%
Other / not subdivided$26K80.7%

% of EOY assets

0.337%

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: WSRP, LLC
Auditor EIN: 870517754
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,560

$71,192+30.0%

$117,861-21.5%

$62,293+48.6%

Participation rate

82.1%

74.2%+7.9pp

79.7%+2.5pp

69.5%+12.6pp

Annual return

13.91%

18.66%-4.7pp

335.11%-321.2pp

28.90%-15.0pp

Employer contribution / active EE

$1,433

$1,934-25.9%

$3,786-62.2%

$2,042-29.8%

Participant deferral / active EE

$5,451

$3,189+71.0%

$4,482+21.6%

$3,169+72.0%

Admin fee / account holder

$312

$587-46.9%

$8,021-96.1%

$479-35.0%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Service code 12 · EIN 13-3689044

Distribution (12b-1) fees; Account ma...

$25,911

INDEPENDENT FINANCIAL PARTNERS1 year

Service code 16 · EIN 59-3331424

Consulting

$6,203

BIG WEST OIL COMPANY CONTRACTED EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BIG WEST OIL COMPANY CONTRACTED EMPLOYEES 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