Plan Ledger DOL Form 5500 · updated monthly

Whitehead Oil Company401(k)

WHITEHEAD OIL COMPANY 401(K) PROFIT SHARING PLAN · LINCOLN, NE · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Whitehead Oil Company reported $108,205 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,988 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 0.54% to 0.58%. 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 246th-largest of 565 plans among Nebraska employers on file, and the 1,879th of 4,246 in wholesale trade. In 2024, the employer put in $2.19 for every $1.00 employees contributed themselves; active participation has grown from 336 to 524 since 2022.

Plan summary
Net assets, end of year$20,156,896
Participants with balances730
Active participants524
Employer contributions$1,041,581
Employee contributions$475,121
Employer contribution per active participant$1,988
Average account balance$27,612
Benefits paid to participants$1,183,822
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.2M · 730 accts · $1.0M emplr
2023$17.3M · 480 accts · $866K emplr
2022$14.5M · 478 accts · $760K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$108,205
Total administrative$108,205
The Whitehead Oil Company 401(k) match · 2024
Employer contribution per active participant$1,988
Median for plans this size$2,416
2024$1,988 per active participant
2023$2,193 per active participant
2022$2,262 per active participant

Whitehead Oil Company's 2024 employer contribution ran below 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 · 20241
UNION BANK & TRUST COMPANY · Claims processing$108,205

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$108,205 · 0.58%
2023$88,514 · 0.56%
2022$87,706 · 0.54%
Same employer
Similar plansWholesale Trade · Nebraska
Kbc, Inc. NE$33.7M · 0.45%
Dutton-Lainson Company NE$30.8M · 0.21%
Linpepco Partnership NE$23.8M · 0.08%
Riekes Equipment Company NE$21.0M · 0.39%
Voss Electric Company NE$14.6M · 0.32%
Bosselman Energy, Inc. NE$12.7M · 0.65%
Westin Inc. NE$11.2M · 0.33%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 470725747 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.