Plan Ledger DOL Form 5500 · updated monthly

Parker Oil Company, Inc.401(k)

PARKER OIL COMPANY, INC. 401(K) PLAN · SOUTH HILL, VA · plan year 2023

Employer contribution per participant · 2023
$110

Parker Oil Company, Inc.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $13,410,821 across 162 participant accounts, with employer contributions averaging $110 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 2 years on file its reported administrative ratio rose from 0.25% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Virginia (1,258th of 2,266), and 2,523rd of 4,246 in wholesale trade. In 2023, employees put in $1.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,410,821
Participants with balances162
Active participants190
Employer contributions$20,814
Employee contributions$28,022
Employer contribution per active participant$110
Average account balance$82,783
Plan auditUnmodified (clean) audit opinion
AuditorWELLS, COLEMAN & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$13.2M · 143 accts · $318K emplr
2023$13.4M · 162 accts · $21K emplr
2022$12.8M · 162 accts · $276K emplr
The Parker Oil Company, Inc. 401(k) match · 2023
Employer contribution per active participant$110
Median for plans this size$2,440
2024$1,384 per active participant
2023$110 per active participant
2022$1,411 per active participant

Parker Oil Company, Inc.'s 2023 employer contribution ran below the $2,440 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.

Administrative cost history3
2024$34,856 · 0.26%
2023Not separately reported
2022$32,002 · 0.25%
Same employer
Similar plansWholesale Trade · Virginia
Tiger Fuel Company VA$16.9M · 0.03%
Salem Tools, Inc. VA$15.2M · 0.17%
Virginia Imports, LTD. VA$12.2M · 0.53%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 540379900 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.