Retirement plan

PETRO 49, INC. PROFIT SHARING AND 401(K) PLAN

Name: PETRO 49, INC. - PETRO 49, INC. PROFIT SHARING AND 401(K) PLAN (2018) Form 5500
Creator: PETRO 49, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PETRO 49, INC. PROFIT SHARING AND 401(K) PLAN, PETRO 49, INC.

PETRO 49, INC.EIN 92-0037645Plan #001PY 2018

PO BOX 389 - SEWARD, AK 99664907-562-5000LinkedIn11-50 employeesreal estate

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$22.3M

-10.5% from 2017

Total participants

341

+2.7% from 2017

Average account balance

$78,862

-10.2% from 2017

Annual return

-5.71%

-21.72 pp from 2017

Benchmarks

See 1,274 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,274 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.35M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

319

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.

57.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.01M

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

+12.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$315

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$71,275
ANDERSONFISHER LLC DBA HUMAN INVEST4+ years Filed as: ANDERSONFISHER LLC Service code 26 · EIN 74-3130983	Advisory (Participants)	$18,000
HUMAN INTEREST ADVISOR LLC3 years Filed as: HUMAN INVESTING Service code 16 · EIN 74-3130983	Consulting	$14,000

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$103K

$359 / participant

Other / not subdivided$103K100.0%

% of EOY assets

0.463%

all-in expense ratio

Categories reported

0 / 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: BDO USA LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,862

$62,267+26.7%

$110,241-28.5%

$55,725+41.5%

Participation rate

79.9%

78.1%+1.7pp

79.8%0pp

70.9%+9.0pp

Annual return

-5.71%

-1.07%-4.6pp

314.75%-320.5pp

244.93%-250.6pp

Employer contribution / active EE

$3,906

$1,941+101.2%

$3,827+2.1%

$2,078+88.0%

Participant deferral / active EE

$4,835

$3,516+37.5%

$4,672+3.5%

$3,356+44.1%

Admin fee / account holder

$365

$121+201.8%

$8,548-95.7%

$115+216.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$71,275

ANDERSONFISHER LLC DBA HUMAN INVEST4+ years

Filed as: ANDERSONFISHER LLC

Service code 26 · EIN 74-3130983

Advisory (Participants)

$18,000

HUMAN INTEREST ADVISOR LLC3 years

Filed as: HUMAN INVESTING

Service code 16 · EIN 74-3130983

Consulting

$14,000

PETRO 49, INC. PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PETRO 49, INC. PROFIT SHARING AND 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