Plan Ledger DOL Form 5500 · updated monthly

Eneric Petroleum Corp.401(k)

ENERIC PETROLEUM CORP. 401(K) RETIREMENT PLAN · FAIRFIELD, IA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Eneric Petroleum Corp. reported $61,324 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $3,239 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 fell from 0.11% to 0.08%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 114th-largest of 878 plans among Iowa employers on file, and the 1,169th of 4,798 in finance & insurance. In 2024, employees put in $1.87 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$81,699,067
Participants with balances1,031
Active participants924
Employer contributions$2,992,793
Employee contributions$5,593,445
Employer contribution per active participant$3,239
Average account balance$79,243
Benefits paid to participants$5,533,842
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$81.7M · 1,031 accts · $3.0M emplr
2023$67.6M · 1,064 accts · $3.0M emplr
2022$54.7M · 1,053 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,352
Investment management$972
Total administrative$61,324
The Eneric Petroleum Corp. 401(k) match · 2024
Employer contribution per active participant$3,239
Median for plans this size$3,635
2024$3,239 per active participant
2023$3,265 per active participant
2022$2,113 per active participant

Eneric Petroleum Corp.'s 2024 employer contribution ran below the $3,635 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$11,419

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$61,324 · 0.08%
2023$68,767 · 0.11%
2022$65,043 · 0.11%
Same employer
Similar plansFinance & Insurance · Iowa
Security National Corp IA$84.8M · 0.00%
Imt Insurance Company IA$83.1M · 0.10%
Ames National Corporation IA$67.8M · 0.02%
Truenorth Companies, L.C. IA$62.5M · 0.18%
Merchants Bonding IA$58.2M · 0.11%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 592112363 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.