Plan Snapshot
- Plan Sponsor: Downey Oil Company, INC.
- Sponsor EIN: 621073887
- Sponsor Address: PO BOX 4848, MARYVILLE, TN, 37802
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 0 | $0 | $0 | $0 |
| 2024 | 228 | $8.3M | $305,235 | $347,769 |
| 2023 | 213 | $7.7M | $292,893 | $341,439 |
| 2022 | 217 | $7.3M | $297,264 | $350,677 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS. CO OF AMERICA | Recordkeeper | $59,300 | — | $59,300 |
| ERISA SERVICES, INC. | Other Service Provider | $12,257 | $5,413 | $17,670 |
| VANCE CPA LLC | Auditor | $8,000 | — | $8,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $84,970
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 |
|---|---|---|---|---|---|
| 2025 | $520,187 | $79,565 | — | — | — |
| 2024 | $50,671 | $50,671 | — | — | — |
| 2023 | $50,438 | $50,438 | — | — | — |
| 2022 | $38,429 | $38,429 | — | — | — |