Plan Snapshot
- Plan Sponsor: National Oil And Gas, INC.
- Sponsor EIN: 350540872
- Sponsor Address: PO BOX 476, BLUFFTON, IN, 46714
- Plan Type: 401(k)
- Total Participants: 125
- Total Assets: $15.5M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 125 | $15.5M | $1.3M | $694,608 |
| 2023 | 127 | $12.8M | $1.1M | $762,506 |
| 2022 | 100 | $10.1M | $486,913 | $819,719 |
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 |
|---|---|---|---|---|
| ONEASCENT FINANCIAL SERVICES, LLC | Investment Advisor | $34,713 | — | $34,713 |
| CORRELL CO. | Other Service Provider | $7,212 | — | $7,212 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,925
- Estimated Expense Ratio: 0.270% 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 | $41,344 | $41,344 | — | — | — |
| 2023 | $30,074 | $23,876 | — | — | — |
| 2022 | — | — | — | — | — |