Plan Snapshot
- Plan Sponsor: Jay Petroleum INC.
- Sponsor EIN: 351037456
- Sponsor Address: 533 S 200 W, PORTLAND, IN, 47371
- Plan Type: 401(k)
- Total Participants: 355
- Total Assets: $4.9M
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 | 355 | $4.9M | $91,606 | $430,087 |
| 2023 | 311 | $4.6M | $71,457 | $333,240 |
| 2022 | 223 | $3.6M | $66,021 | $297,175 |
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 |
|---|---|---|---|---|
| AMERICAN UNITED LIFE INSURANCE CO | NONE | $1,050 | $44,170 | $45,220 |
| BAKER TILLY US LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,220
- Estimated Expense Ratio: 0.932% 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 | $7,165 | $1,447 | $5,718 | — | — |
| 2023 | $25,923 | $13,537 | $12,386 | — | — |
| 2022 | $32,011 | — | $32,011 | — | — |