Plan Snapshot
- Plan Sponsor: Reed Oil Company
- Sponsor EIN: 251323899
- Sponsor Address: 511 MONTGOMERY AVENUE, NEW CASTLE, PA, 16102
- Plan Type: 401(k)
- Total Participants: 141
- Total Assets: $16.3M
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 | 141 | $16.3M | $297,105 | $544,532 |
| 2023 | 144 | $15.5M | $268,533 | $505,753 |
| 2022 | 127 | $14.2M | $261,034 | $482,198 |
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 |
|---|---|---|---|---|
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, 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 | $47,088 | $31,417 | $15,671 | — | — |
| 2023 | $44,236 | $28,846 | $15,390 | — | — |
| 2022 | $29,445 | $19,191 | $10,254 | — | — |