Plan Snapshot
- Plan Sponsor: Jernigan Oil Company, INC.
- Sponsor EIN: 560795696
- Sponsor Address: 415 EAST MAIN STREET, AHOSKIE, NC, 27910
- Plan Type: 401(k)
- Total Participants: 519
- Total Assets: $6.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 519 | $6.5M | $331,250 | $530,991 |
| 2023 | 519 | $5.5M | $342,473 | $529,445 |
| 2022 | 476 | $4.6M | $333,404 | $514,250 |
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 |
|---|---|---|---|---|
| ELLIOTT GROUP CPAS, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ELLIOTT GROUP CPAS, PLLC — 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 | $45,784 | — | $37,542 | — | — |
| 2023 | $42,288 | — | $36,995 | — | — |
| 2022 | $38,102 | — | $38,102 | — | — |