Retirement plan

SAN JOAQUIN REFINING COMPANY 401K PLAN

Name: SAN JOAQUIN REFINING COMPANY, INC. - SAN JOAQUIN REFINING COMPANY 401K PLAN (2016) Form 5500
Creator: SAN JOAQUIN REFINING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAN JOAQUIN REFINING COMPANY 401K PLAN, SAN JOAQUIN REFINING COMPANY, INC.

SAN JOAQUIN REFINING COMPANY, INC.EIN 95-3341023Plan #003PY 2016

PO BOX 5576 - BAKERSFIELD, CA 93388661-327-4257sjr.comLinkedIn51-200 employeesoil & energy

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$20.2M

+7.8% from 2015

Total participants

150

-5.1% from 2015

Average account balance

$138,306

+4.1% from 2015

Annual return

7.24%

+7.80 pp from 2015

Benchmarks

See 1,948 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,948 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.22M

Not enough data

1 years with asset history on file

Average account balance

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

$243K

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.

149

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.36M

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

+12.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$293

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
MORNINGSTAR1 year Service code 27 · EIN 36-3297908	Advisory (Plan)	$0
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 27 · EIN 71-0294708	Advisory (Plan)	$0
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO BANK, NA Service code 15 · EIN 94-1347393	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$68K

$512 / participant

Contract admin$68K100.0%

% of EOY assets

0.335%

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: KEATHLEY,MAXWELL&ANTONGIOVANNI,LLP
Auditor EIN: 770344660
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$138,306

$56,640+144.2%

$78,002+77.3%

$55,167+150.7%

Participation rate

97.0%

73.3%+23.6pp

75.5%+21.4pp

69.0%+28.0pp

Annual return

7.24%

2868.48%-2861.2pp

425.99%-418.8pp

169.23%-162.0pp

Employer contribution / active EE

$3,318

$1,724+92.5%

$2,470+34.3%

$1,963+69.1%

Participant deferral / active EE

$4,406

$2,778+58.6%

$3,497+26.0%

$3,054+44.2%

Admin fee / account holder

$463

$467-0.8%

$5,481-91.6%

$504-8.2%

Provider

Service type

Compensation

MORNINGSTAR1 year

Service code 27 · EIN 36-3297908

Advisory (Plan)

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 27 · EIN 71-0294708

Advisory (Plan)

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO BANK, NA

Service code 15 · EIN 94-1347393

Recordkeeping

SAN JOAQUIN REFINING COMPANY 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAN JOAQUIN REFINING COMPANY 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