Plan Ledger DOL Form 5500 · updated monthly

Newcomb Oil Co., LLC401(k)

NEWCOMB OIL CO., LLC PROFIT SHARING AND 401K SAVINGS PLAN · BARDSTOWN, KY · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Newcomb Oil Co., LLC reported $176,001 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $749 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 0.56%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 210th-largest of 871 plans among Kentucky employers on file, and the 956th of 5,215 in retail trade. In 2024, employees put in $1.74 for every $1.00 the employer contributed; active participation has grown from 778 to 1,053 since 2022.

Plan summary
Net assets, end of year$32,970,125
Participants with balances398
Active participants1,053
Employer contributions$788,674
Employee contributions$1,375,758
Employer contribution per active participant$749
Average account balance$82,840
Benefits paid to participants$2,763,467
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.0M · 398 accts · $789K emplr
2023$29.9M · 393 accts · $731K emplr
2022$23.8M · 361 accts · $717K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$176,001
Total administrative$176,001
The Newcomb Oil Co., LLC 401(k) match · 2024
Employer contribution per active participant$749
Median for plans this size$2,416
2024$749 per active participant
2023$912 per active participant
2022$921 per active participant

Newcomb Oil Co., LLC'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 · 20245
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$60,420
CHERRY BEKAERT ADVISORY LLC · Recordkeeping · Loan processing$12,613
KESTRA ADVISORY SERVICES LLC · Investment advisory (plan)$79,275
DEAN DORTON · Accounting / audit$17,000
ENVESTNET RETIREMENT SOLUTIONS LLC · Investment advisory (plan)$6,693

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

Recordkeeper by year2
2024CHERRY BEKAERT ADVISORY LLC, Transamerica
2023CHERRY BEKAERT ADVISORY LLC, Transamerica

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Administrative cost history3
2024$176,001 · 0.56%
2023$147,128 · 0.55%
2022$124,425 · 0.57%
Same employer
Similar plansRetail Trade · Kentucky
Thorntons LLC KY$60.1M · 0.18%
Galls, LLC KY$33.9M · 0.37%
Bachman Auto Group, Inc. KY$29.1M · 0.41%
Franklin Management, Inc. KY$18.6M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 610597969 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.