Plan Snapshot
- Plan Sponsor: Petro Services, INC.
- Sponsor EIN: 593415240
- Sponsor Address: 6867 SOUTHPOINT DRIVE N, JACKSONVILLE, FL, 32216
- Plan Type: 401(k)
- Total Participants: 774
- Total Assets: $10.4M
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 | 774 | $10.4M | $222,887 | $656,039 |
| 2023 | 711 | $9.5M | $213,631 | $632,172 |
| 2022 | 717 | $7.8M | $208,245 | $598,802 |
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 |
|---|---|---|---|---|
| MASTERS SMITH & WISBY, PA | 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 | $68,216 | $27,254 | — | — | — |
| 2023 | $45,946 | $11,919 | — | — | — |
| 2022 | $58,585 | — | $58,585 | — | — |