Retirement plan

ARIZONA PIPELINE COMPANY 401(K) SAVINGS & INVESTMENT PLAN

Name: ARIZONA PIPELINE COMPANY - ARIZONA PIPELINE COMPANY 401(K) SAVINGS & INVESTMENT PLAN (2022) Form 5500
Creator: ARIZONA PIPELINE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARIZONA PIPELINE COMPANY 401(K) SAVINGS & INVESTMENT PLAN, ARIZONA PIPELINE COMPANY

ARIZONA PIPELINE COMPANYEIN 95-3336040Plan #002PY 2022

17373 LILAC STREET - HESPERIA, CA 92345760-244-8212arizonapipeline.comLinkedIn1001-5000 employeesoil & energy

Prospect flagsLow assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$16.7M

-18.0% from 2021

Total participants

1,276

+4.8% from 2021

Average account balance

$14,084

-22.2% from 2021

Annual return

-14.40%

-28.89 pp from 2021

Benchmarks

See 1,393 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,393 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.30M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

1,048

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.

67.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$113

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
MORGAN STANLEY SMITH BARNEY8+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 99 · EIN 20-8764829	Other Fees	$37,782
VOYA RETIREMENT INSURANCE & ANNUITY7 years Service code 26 · EIN 71-0294708	Advisory (Participants)	$21,502
PNC BANK, N.A.1 year Filed as: PNC BANK NATIONAL ASSOCIATION Service code 99 · EIN 22-1146430	Other Fees	$20,656

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

3 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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).

Expense breakdown

Schedule H Part II

Admin total

$22K

$35 / participant

Other / not subdivided$22K100.0%

% of EOY assets

0.129%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SOREN MCADAM LLP
Auditor EIN: 770549163
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,084

$106,236-86.7%

$112,263-87.5%

$64,824-78.3%

Participation rate

85.5%

71.7%+13.8pp

75.1%+10.4pp

71.5%+14.0pp

Annual return

-14.40%

-6.02%-8.4pp

27.49%-41.9pp

32.84%-47.2pp

Employer contribution / active EE

$3,167-100.0%

$3,636-100.0%

$2,507-100.0%

Participant deferral / active EE

$2,109

$3,786-44.3%

$4,729-55.4%

$4,311-51.1%

Admin fee / account holder

$18

$452-96.0%

$6,410-99.7%

$188-90.4%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY8+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 99 · EIN 20-8764829

Other Fees

$37,782

VOYA RETIREMENT INSURANCE & ANNUITY7 years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$21,502

PNC BANK, N.A.1 year

Filed as: PNC BANK NATIONAL ASSOCIATION

Service code 99 · EIN 22-1146430

Other Fees

$20,656

ARIZONA PIPELINE COMPANY 401(K) SAVINGS & INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARIZONA PIPELINE COMPANY 401(K) SAVINGS & 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