# Petro Services, INC. 401(k) Plan
Source: https://planprovider.pro/companies/petro-services-inc-401k-plan

> Petro Services, INC.'s 401(k) plan: 774 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| JPMORGAN INVEST HOLDINGS LLC|RECORDKEEPER|$40,962|—|$40,962|

| MERRILL LYNCH PIERCE FENNER & SMITH|INVESTMENT ADVISOR|$27,254|—|$27,254|

| 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:** $68,216

- **Estimated Expense Ratio:** 0.656% 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|$68,216|$27,254|—|—|—|

| 2023|$45,946|$11,919|—|—|—|

| 2022|$58,585|—|$58,585|—|—|

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