Plan Ledger DOL Form 5500 · updated monthly

J & H Oil Company401(k)

J & H OIL COMPANY EMPLOYEES' RETIREMENT PLAN · WYOMING, MI · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

J & H Oil Company reported $37,370 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $359 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 3 years on file its reported administrative ratio has held roughly steady near 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Michigan (1,368th of 2,619), and 2,605th of 4,246 in wholesale trade. In 2024, employees put in $3.41 for every $1.00 the employer contributed; active participation has grown from 590 to 754 since 2022.

Plan summary
Net assets, end of year$12,605,342
Participants with balances309
Active participants754
Employer contributions$270,920
Employee contributions$922,576
Employer contribution per active participant$359
Average account balance$40,794
Benefits paid to participants$637,056
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$12.6M · 309 accts · $271K emplr
2023$10.8M · 290 accts · $250K emplr
2022$8.9M · 293 accts · $235K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,370
Total administrative$37,370
The J & H Oil Company 401(k) match · 2024
Employer contribution per active participant$359
Median for plans this size$2,416
2024$359 per active participant
2023$363 per active participant
2022$399 per active participant

J & H Oil Company's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$37,370
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$37,370 · 0.32%
2023$35,579 · 0.36%
2022$31,249 · 0.31%
Same employer
Similar plansWholesale Trade · Michigan
Cgl, Corporation MI$15.1M · 0.22%
Ckl Corporation MI$13.8M · 0.54%
Mst Steel Corporation MI$13.3M · 0.01%
General Fasteners Company MI$12.4M · 0.07%
Lowry Solutions, Inc. MI$11.9M · 0.31%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 382055132 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.