Plan Ledger DOL Form 5500 · updated monthly

Luke Oil Co., Inc.401(k)

LUKE OIL 401(K) PROFIT SHARING PLAN · HOBART, IN · plan year 2022

Reported admin expense ratio · 2022
1.37%

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

Luke Oil Co., Inc. reported $23,335 in plan administrative expenses for 2022: 1.37% of average plan assets, higher than ~90% of peers. Employer contributions averaged $473 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 has held roughly steady near 1.40%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Indiana (1,412th of 1,562), and 4,709th of 5,215 in retail trade. In 2022, employees put in $1.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,831,142
Participants with balances106
Active participants407
Employer contributions$192,317
Employee contributions$337,602
Employer contribution per active participant$473
Average account balance$17,275
Benefits paid to participants$30,099
Plan auditDisclaimer of opinion
AuditorTHE HICKO CPA GROUP
Plan history2
Yearassets · accounts · employer contribution
2023$1.6M · 48 accts · $185K emplr
2022$1.8M · 106 accts · $192K emplr
Administrative expenses, itemized · 2022
Professional / advisory$23,335
Total administrative$23,335
The Luke Oil Co., Inc. 401(k) match · 2022
Employer contribution per active participant$473
Median for plans this size$1,114
2023$2,760 per active participant
2022$473 per active participant

Luke Oil Co., Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$23,950 · 1.40%
2022$23,335 · 1.37%
Similar plansRetail Trade · Indiana
Lafayette Warehouse, Inc IN$2.0M · 1.18%
Bloomington Ford, Inc. IN$1.9M · 0.73%
Mervis Motors, Inc. IN$1.8M · 1.01%
D. W. Systems, Inc. IN$1.5M · 0.28%
Premier Foods Inc IN$794K · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351329072 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.