Plan Ledger DOL Form 5500 · updated monthly

Midwest Petroleum Company401(k)

MIDWEST PETROLEUM COMPANY PROFIT SHARING AND 401(K) PLAN · MANCHESTER, MO · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Midwest Petroleum Company reported $17,130 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $308 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 0.26% to 0.27%. 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 Missouri (990th of 1,393), and 3,298th of 5,215 in retail trade. In 2024, employees put in $5.70 for every $1.00 the employer contributed; active participation has grown from 264 to 342 since 2022.

Plan summary
Net assets, end of year$6,776,843
Participants with balances294
Active participants342
Employer contributions$105,347
Employee contributions$600,593
Employer contribution per active participant$308
Average account balance$23,050
Benefits paid to participants$298,352
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.8M · 294 accts · $105K emplr
2023$5.7M · 258 accts · $94K emplr
2022$4.7M · 250 accts · $81K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,130
Total administrative$17,130
The Midwest Petroleum Company 401(k) match · 2024
Employer contribution per active participant$308
Median for plans this size$1,313
2024$308 per active participant
2023$321 per active participant
2022$307 per active participant

Midwest Petroleum Company's 2024 employer contribution ran below the $1,313 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$17,129
FIRST HEARTLAND CONSULTANTS, INC · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)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$17,130 · 0.27%
2023$16,448 · 0.32%
2022$13,435 · 0.26%
Same employer
Similar plansRetail Trade · Missouri
Tri-Star Imports, Inc. MO$8.4M · 0.80%
Wm. a. Straub, Inc. MO$8.2M · 0.71%
Scrubs & Beyond LLC MO$8.0M · 0.21%
Bob Sight Ford, Inc. MO$6.5M · 0.04%
Woods Supermarket, Inc. MO$6.4M · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 430621968 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.