Plan Snapshot
- Plan Sponsor: Elliott Oil Company
- Sponsor EIN: 420932748
- Sponsor Address: 207 WEST 2ND STREET SUITE 1, OTTUMWA, IA, 52501
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 134
- Total Assets: $9.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 134 | $9.9M | $671,780 | $408,013 |
| 2023 | 93 | $7.9M | $470,883 | $265,500 |
| 2022 | 82 | $6.8M | $419,753 | $236,577 |
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 |
|---|---|---|---|---|
| EDWARD JONES | Investment Advisor | $25,386 | $7 | $25,393 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $14,479 | — | $14,479 |
| PACO INC | Recordkeeper | $2,250 | $2,939 | $5,189 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,061
- Estimated Expense Ratio: 0.453% of plan assets
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 | $42,550 | $25,391 | $17,159 | — | — |
| 2023 | $37,729 | $20,357 | $17,372 | — | — |
| 2022 | $31,214 | $17,443 | $13,771 | — | — |