# Clipper Petroleum, INC. 401(k) Plan
Source: https://planprovider.pro/companies/clipper-petroleum-inc-401k-plan

> Clipper Petroleum, INC.'s 401(k) plan: 218 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Clipper Petroleum, INC.

- **Sponsor EIN:** 580606187

- **Sponsor Address:** 5317 T. L. BOWER WAY, FLOWERY BRANCH, GA, 30542

- **Plan Type:** 401(k)

- **Total Participants:** 218

- **Total Assets:** $8.3M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|218|$8.3M|$191,715|$499,734|

| 2023|194|$7.7M|$153,863|$394,944|

| 2022|231|$6.7M|$137,824|$367,831|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| MOORE COLSON & COMPANY, P.C.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MOORE COLSON & COMPANY, P.C.](https://planprovider.pro/provider/moore-colson-and-company-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$51,757|$31,700|$10,212|—|—|

| 2023|$43,945|$28,614|$5,592|—|—|

| 2022|$49,232|$26,001|$23,231|—|—|

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