Plan Ledger DOL Form 5500 · updated monthly

Parent Petroleum, Inc.401(k)

PARENT PETROLEUM, INC. 401(K) PLAN · SAINT CHARLES, IL · plan year 2024

Reported admin expense ratio · 2024
0.75%

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

Parent Petroleum, Inc. reported $59,399 in plan administrative expenses for 2024: 0.75% of average plan assets, above the peer median. Employer contributions averaged $1,153 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 0.75%. 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 Illinois (2,495th of 3,702), and 3,082nd of 4,246 in wholesale trade. In 2024, employees put in $2.23 for every $1.00 the employer contributed; active participation has grown from 247 to 363 since 2022.

Plan summary
Net assets, end of year$8,852,822
Participants with balances426
Active participants363
Employer contributions$418,430
Employee contributions$935,033
Employer contribution per active participant$1,153
Average account balance$20,781
Benefits paid to participants$398,467
Plan auditUnmodified (clean) audit opinion
AuditorDEMARCO SCIACCOTTA WILKENS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$8.9M · 426 accts · $418K emplr
2023$7.0M · 372 accts · $374K emplr
2022$5.4M · 332 accts · $267K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,782
Investment management$20,617
Total administrative$59,399
The Parent Petroleum, Inc. 401(k) match · 2024
Employer contribution per active participant$1,153
Median for plans this size$1,313
2024$1,153 per active participant
2023$1,407 per active participant
2022$1,081 per active participant

Parent Petroleum, Inc.'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 · 20242
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$20,077

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$59,399 · 0.75%
2023$49,422 · 0.80%
2022$41,790 · 0.77%
Same employer
Similar plansWholesale Trade · Illinois
Roman, Inc. IL$9.8M · 0.01%
Homewerks Worldwide LLC IL$8.7M · 0.36%
Mid-State Tank Co., Inc. IL$8.6M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363257313 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.