Plan Snapshot
- Plan Sponsor: Petroleum Transport Company, INC.
- Sponsor EIN: 560673428
- Sponsor Address: 129 CARSEN STREET, PILOT MOUNTAIN, NC, 27401
- Plan Type: 401(k)
- Total Participants: 356
- Total Assets: $12.1M
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 | 356 | $12.1M | $555,783 | $1.0M |
| 2023 | 354 | $10.3M | $518,915 | $956,273 |
| 2022 | 336 | $8.9M | $458,185 | $882,761 |
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 |
|---|---|---|---|---|
| WILLIAMS OVERMAN PIERCE, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIAMS OVERMAN PIERCE, LLP — Auditor
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 | $35,162 | — | $24,960 | — | — |
| 2023 | $30,483 | — | $22,128 | — | — |
| 2022 | $29,223 | $6,528 | $22,695 | — | — |