Retirement plan

SAN JOAQUIN REFINING COMPANY 401K PLAN

Name: SAN JOAQUIN REFINING COMPANY, INC. - SAN JOAQUIN REFINING COMPANY 401K PLAN (2023) 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 2023

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$32.6M

+9.9% from 2022

Total participants

146

0.0% from 2022

Average account balance

$223,135

+9.2% from 2022

Annual return

14.20%

+29.24 pp from 2022

Benchmarks

See 1,939 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,939 peers

Snapshot2023

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 5 by compensation

Provider	Service type	Compensation
MORNINGSTAR7 years Filed as: MORINGSTAR Service code 27	Advisory (Plan)	$15,349
VOYA RETIREMENT INSURANCE & ANNUITY8 years Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 · EIN 71-0294708	Advisory (Participants)	$15,349
HICKS PENSION SERVICES3 years Filed as: QUALIFIED SERVICES INC DBA HICKS PE Service code 49	Other Services	$15,124
MORNINGSTAR6 years Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381	Advisory (Participants)	$14,649
MORNINGSTAR8 years Service code 27 · EIN 36-3297908	Advisory (Plan)	$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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$39K

$316 / participant

Investment mgmt$29K74.7%
Contract admin$3K7.8%
Other / not subdivided$7K17.5%

% of EOY assets

0.120%

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: BARBICH HOOPER KING DILL HOFFMAN
Auditor EIN: 933215332
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$223,135

$71,534+211.9%

$98,462+126.6%

$71,529+212.0%

Participation rate

100.0%

72.7%+27.3pp

75.2%+24.8pp

67.9%+32.1pp

Annual return

14.20%

32.44%-18.2pp

21.17%-7.0pp

28.97%-14.8pp

Employer contribution / active EE

$3,544

$2,399+47.7%

$3,049+16.3%

$2,590+36.9%

Participant deferral / active EE

$6,922

$4,109+68.5%

$4,738+46.1%

$4,291+61.3%

Admin fee / account holder

$269

$1,677-84.0%

$8,875-97.0%

$1,588-83.1%

Provider

Service type

Compensation

MORNINGSTAR7 years

Filed as: MORINGSTAR

Service code 27

Advisory (Plan)

$15,349

VOYA RETIREMENT INSURANCE & ANNUITY8 years

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 26 · EIN 71-0294708

Advisory (Participants)

$15,349

HICKS PENSION SERVICES3 years

Filed as: QUALIFIED SERVICES INC DBA HICKS PE

Service code 49

Other Services

$15,124

MORNINGSTAR6 years

Filed as: MORNINGSTAR INVESTMENT MGMT LLC

Service code 26 · EIN 36-4317381

Advisory (Participants)

$14,649

MORNINGSTAR8 years

Service code 27 · EIN 36-3297908

Advisory (Plan)

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