Plan Snapshot
- Plan Sponsor: Oiles America Corporation
- Sponsor EIN: 510387479
- Sponsor Address: 4510 ENTERPRISE DR NW, CONCORD, NC, 280276437
- Plan Type: 401(k)
- Total Participants: 128
- Total Assets: $12.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 128 | $12.3M | $0 | $644,571 |
| 2023 | 126 | $12.7M | $274,837 | $638,179 |
| 2022 | 133 | $10.9M | $283,328 | $641,939 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $67,741 | — | $67,741 |
| S B H U LIFE AGENCY INC | Investment Advisor | — | $23,093 | $23,093 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- S B H U LIFE AGENCY INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $90,834
- Estimated Expense Ratio: 0.736% 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 | $67,741 | — | $67,741 | — | — |
| 2023 | $60,114 | — | $60,114 | — | — |
| 2022 | $62,256 | — | $62,256 | — | — |