Plan Snapshot
- Plan Sponsor: Oilmen'S Equipment Corporation
- Sponsor EIN: 570667804
- Sponsor Address: P.O. BOX 2807, SPARTANBURG, SC, 29304
- Plan Type: 401(k)
- Total Participants: 128
- Total Assets: $16.4M
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 | 128 | $16.4M | $395,095 | $793,579 |
| 2023 | 132 | $15.3M | $355,139 | $709,505 |
| 2022 | 124 | $13.8M | $330,961 | $676,903 |
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 |
|---|---|---|---|---|
| HALLIDAY, SCHWARTZ & CO. | Auditor | — | — | $0 |
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 | $56,249 | $33,746 | — | — | — |
| 2023 | $55,922 | $501 | — | — | — |
| 2022 | $54,923 | $478 | — | — | — |