Plan Ledger DOL Form 5500 · updated monthly

Molo Petroleum, LLC401(k)

MOLO PETROLEUM LLC 401(K) PROFIT SHARING PLAN · DUBUQUE, IA · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Molo Petroleum, LLC reported $48,684 in plan administrative expenses for 2024: 0.52% of average plan assets, below the peer median. Employer contributions averaged $1,166 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 1 year on file its reported administrative ratio rose from 0.34% to 0.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Iowa (573rd of 878), and 2,913th of 4,246 in wholesale trade. In 2024, employees put in $2.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,041,639
Participants with balances277
Active participants190
Employer contributions$221,496
Employee contributions$644,527
Employer contribution per active participant$1,166
Average account balance$36,251
Benefits paid to participants$946,678
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history2
Yearassets · accounts · employer contribution
2024$10.0M · 277 accts · $221K emplr
2023$8.7M · 225 accts · $175K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,948
Investment management$26,736
Total administrative$48,684
The Molo Petroleum, LLC 401(k) match · 2024
Employer contribution per active participant$1,166
Median for plans this size$1,313
2024$1,166 per active participant
2023$888 per active participant

Molo Petroleum, LLC's 2024 employer contribution ran below 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
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$26,736
ADP, INC. · Recordkeeping$21,948
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP

This plan has changed recordkeepers within these filings. If you left Molo Petroleum, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$48,684 · 0.52%
2023$29,017 · 0.34%
Similar plansWholesale Trade · Iowa
Bancroft Implement, Inc. IA$13.8M · 0.36%
Sadler Power Train, Inc. IA$13.7M · 0.35%
Housby Mack, Inc. IA$12.2M · 0.93%
Doors Incorporated IA$8.9M · 0.00%
Pigott Inc IA$8.4M · 0.13%
Molo Oil Company IA$8.3M · 0.19%
Rainbo Oil Company IA$7.7M · 1.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550860452 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.