Plan Ledger DOL Form 5500 · updated monthly

Petroleum Wholesale, L.P.401(k)

PETROLEUM WHOLESALE LP 401(K) PROFIT SHARING PLAN · THE WOODLANDS, TX · plan year 2023

Reported admin expense ratio · 2023
0.65%

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

Petroleum Wholesale, L.P. reported $71,261 in plan administrative expenses for 2023: 0.65% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,506 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 0.55% to 0.70%. 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 the 2,838th-largest of 5,688 plans among Texas employers on file, and 2,710th of 4,246 in wholesale trade. In 2023, employees put in $1.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,696,177
Participants with balances514
Active participants332
Employer contributions$500,000
Employee contributions$761,773
Employer contribution per active participant$1,506
Average account balance$22,755
Benefits paid to participants$1,422,552
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.6M · 601 accts · $426K emplr
2023$11.7M · 514 accts · $500K emplr
2022$10.3M · 539 accts · $400K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$47,907
Investment management$23,354
Total administrative$71,261
The Petroleum Wholesale, L.P. 401(k) match · 2023
Employer contribution per active participant$1,506
Median for plans this size$2,440
2024$838 per active participant
2023$1,506 per active participant
2022$1,274 per active participant

Petroleum Wholesale, L.P.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$47,907
REGIONS BANK · Investment advisory (plan)$23,354

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$81,279 · 0.70%
2023$71,261 · 0.65%
2022$61,484 · 0.55%
Same employer
Similar plansWholesale Trade · Texas
Guido Companies, Inc. TX$12.0M · 0.28%
Misa Imports, Inc. TX$12.0M · 0.68%
Giglio Distributing Company TX$11.9M · 0.01%
Vector Controls, LLC TX$11.7M · 0.31%
Earl Owen Company, Inc. TX$11.6M · 0.55%
Parrish & Company, Inc. TX$11.6M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 730956836 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.