Plan Ledger DOL Form 5500 · updated monthly

Downey Oil Company, Inc.401(k)

DOWNEY OIL/KENJO 401(K) PLAN · MARYVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.63%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Downey Oil Company, Inc. reported $50,671 in plan administrative expenses for 2024: 0.63% of average plan assets, above the peer median. Employer contributions averaged $1,339 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.50% to 0.63%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Tennessee (903rd of 1,496), and 2,980th of 5,215 in retail trade. In 2024, employees put in $1.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,284,784
Participants with balances135
Active participants228
Employer contributions$305,235
Employee contributions$347,769
Employer contribution per active participant$1,339
Average account balance$61,369
Benefits paid to participants$786,049
Plan auditUnmodified (clean) audit opinion
AuditorVANCE CPA LLC
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 135 accts · $305K emplr
2023$7.7M · 125 accts · $293K emplr
2022$7.3M · 135 accts · $297K emplr
Administrative expenses, itemized · 2024
Investment management$50,671
Total administrative$50,671
The Downey Oil Company, Inc. 401(k) match · 2024
Employer contribution per active participant$1,339
Median for plans this size$1,313
2024$1,339 per active participant
2023$1,375 per active participant
2022$1,370 per active participant

Downey Oil Company, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
ERISA SERVICES, INC. · Contract administrator$6,805
VANCE CPA LLC · Accounting / audit$4,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$50,671 · 0.63%
2023$50,438 · 0.67%
2022$38,429 · 0.50%
Similar plansRetail Trade · Tennessee
Bargain Barn, Inc. TN$9.9M · 0.08%
Stump's Market, Inc. TN$6.8M · 0.03%
Hollywood Feed LLC TN$6.7M · 1.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621073887 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.