Plan Ledger DOL Form 5500 · updated monthly

Waring Oil Company, LLC401(k)

WARING OIL COMPANY, LLC RETIREMENT SAVINGS PLAN · VICKSBURG, MS · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Waring Oil Company, LLC reported $78,438 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,489 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 0.494%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 112th-largest of 367 plans among Mississippi employers on file, and 2,201st of 4,246 in wholesale trade. In 2024, employees put in $1.97 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,674,530
Participants with balances156
Active participants150
Employer contributions$373,348
Employee contributions$735,294
Employer contribution per active participant$2,489
Average account balance$106,888
Benefits paid to participants$1,484,181
Plan auditUnmodified (clean) audit opinion
AuditorMAY AND COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$16.7M · 156 accts · $373K emplr
2023$15.1M · 154 accts · $356K emplr
2022$13.1M · 161 accts · $328K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,599
Investment management$46,750
Total administrative$78,438
The Waring Oil Company, LLC 401(k) match · 2024
Employer contribution per active participant$2,489
Median for plans this size$2,416
2024$2,489 per active participant
2023$2,423 per active participant
2022$2,173 per active participant

Waring Oil Company, LLC's 2024 employer contribution ran above the $2,416 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 · 20245
MAGNOLIA CAPITAL ADVISORS LLC · Investment advisory (plan)$24,329
RAYMOND JAMES · Investment advisory (plan)$13,664
EMPOWER ADVISORY GROUP, LLC · Investment management$8,757
LEAFHOUSE FINANCIAL ADVISORS, LLC$2,089

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$78,438 · 0.49%
2023$69,662 · 0.49%
2022$69,490 · 0.49%
Same employer
Similar plansWholesale Trade · Mississippi
Mitchell Companies, LLC MS$26.6M · 0.05%
Ergon Asphalt Partners, LP MS$25.1M · 0.31%
Van Zyverden, Inc. MS$18.4M · 0.44%
Krone NA Inc MS$16.6M · 0.20%
Hotel & Restaurant Supply MS$12.8M · 0.06%
Precision Spine Inc. MS$10.3M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201752080 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.