# Reid Petroleum Corporation 401(k) Plan
Source: https://planprovider.pro/companies/reid-petroleum-corporation-401k-plan

> Reid Petroleum Corporation's 401(k) plan: 581 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Reid Petroleum Corporation

- **Sponsor EIN:** 160840494

- **Sponsor Address:** 100 WEST GENESEE ST, LOCKPORT, NY, 14094

- **Plan Type:** 401(k)

- **Total Participants:** 581

- **Total Assets:** $18.7M

## 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|581|$18.7M|$1.0M|$1.1M|

| 2023|514|$18.8M|$801,396|$1.0M|

| 2022|511|$15.3M|$938,318|$898,636|

## 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|

| DEFINITI, LLC|NONE|$101,261|—|$101,261|

| NORTHWEST BANK|TRUSTEE|$30,384|—|$30,384|

| LUMSDEN & MCCORMICK LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [LUMSDEN & MCCORMICK LLP](https://planprovider.pro/provider/lumsden-and-mccormick-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $131,645

- **Estimated Expense Ratio:** 0.702% 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|$131,645|$30,384|—|—|—|

| 2023|$67,905|$26,199|—|—|—|

| 2022|$76,218|—|—|—|$76,218|

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