Retirement plan

ENI US OPERATING CO. INC. SAVINGS AND INVESTMENT PLAN

Name: ENI US OPERATING CO. INC. - ENI US OPERATING CO. INC. SAVINGS AND INVESTMENT PLAN (2024) Form 5500
Creator: ENI US OPERATING CO. INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ENI US OPERATING CO. INC. SAVINGS AND INVESTMENT PLAN, ENI US OPERATING CO. INC.

ENI US OPERATING CO. INC.EIN 87-0715446Plan #001PY 2024

1200 SMITH STREET, STE 1700 - HOUSTON, TX 77002713-393-6339

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$112.4M

+2.6% from 2023

Total participants

366

-9.6% from 2023

Average account balance

$308,831

+12.7% from 2023

Annual return

15.99%

-1.76 pp from 2023

Benchmarks

See 268 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort268 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$112.41M

Not enough data

1 years with asset history on file

Average account balance

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

$309K

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.

364

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$33K

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

+15.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$684

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
B RILEY WEALTH MANAGEMENT INC2 years Filed as: B RILEY WEALTH ADVISORS INC Service code 28 · EIN 91-1648671	Investment Management	$173,145
CHARLES SCHWAB & CO., INC.10+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$49,028
STOVALL GRANDEY AND ALLEN LLP5 years Service code 10 · EIN 75-2678894	Accounting	$15,000
FISHER INVESTMENTS2 years Service code 26 · EIN 20-2480800	Advisory (Participants)	$6,000
TIMBERCHASE FINANCIAL LLC1 year Service code 26 · EIN 20-1116527	Advisory (Participants)	$5,861
CHARLES SCHWAB & CO., INC.10+ years Service code 33 · EIN 94-1737782	Direct payment from the plan; Securit...	$426
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO.INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$249K

$1203 / participant

Recordkeeping$31K12.4%
Investment mgmt$203K81.5%
Other / not subdivided$15K6.0%

% of EOY assets

0.222%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: STOVALL, GRANDEY & ALLEN, L.L.P
Auditor EIN: 752678894
Audit fees: $15,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$308,831

$79,779+287.1%

$153,741+100.9%

$74,478+314.7%

Participation rate

99.0%

69.9%+29.1pp

77.1%+21.9pp

67.2%+31.8pp

Annual return

15.99%

15.08%+0.9pp

15.71%+0.3pp

1370.56%-1354.6pp

Employer contribution / active EE

$14,962

$4,026+271.6%

$5,042+196.8%

$2,626+469.7%

Participant deferral / active EE

$17,904

$5,329+236.0%

$6,757+165.0%

$4,350+311.6%

Admin fee / account holder

$684

$1,761-61.1%

$12,749-94.6%

$1,946-64.8%

Provider

Service type

Compensation

B RILEY WEALTH MANAGEMENT INC2 years

Filed as: B RILEY WEALTH ADVISORS INC

Service code 28 · EIN 91-1648671

Investment Management

$173,145

CHARLES SCHWAB & CO., INC.10+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$49,028

STOVALL GRANDEY AND ALLEN LLP5 years

Service code 10 · EIN 75-2678894

Accounting

$15,000

FISHER INVESTMENTS2 years

Service code 26 · EIN 20-2480800

Advisory (Participants)

$6,000

TIMBERCHASE FINANCIAL LLC1 year

Service code 26 · EIN 20-1116527

Advisory (Participants)

$5,861

CHARLES SCHWAB & CO., INC.10+ years

Service code 33 · EIN 94-1737782

Direct payment from the plan; Securit...

$426

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO.INC. AND AFFIL

Service code 59

Shareholder Servicing

ENI US OPERATING CO. INC. SAVINGS AND INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ENI US OPERATING CO. INC. SAVINGS AND INVESTMENT 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