Plan Snapshot
- Plan Sponsor: Elmer Smith Oil Company
- Sponsor EIN: 730957873
- Sponsor Address: P.O. BOX 1719, CLINTON, OK, 73601
- Plan Type: 401(k)
- Total Participants: 189
- Total Assets: $14.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 189 | $14.3M | $404,602 | $410,757 |
| 2023 | 192 | $13.3M | $400,245 | $392,087 |
| 2022 | 144 | $12.1M | $337,563 | $351,617 |
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 |
|---|---|---|---|---|
| LBMC, PC | Auditor | $15,100 | — | $15,100 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LBMC, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,100
- Estimated Expense Ratio: 0.105% 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 | $72,105 | — | $57,005 | $15,100 | — |
| 2023 | $68,782 | $14,601 | $4,623 | $11,000 | — |
| 2022 | $102,882 | $30,420 | $54,607 | — | $11,500 |