Plan Snapshot
- Plan Sponsor: Riggs Oil Co., INC.
- Sponsor EIN: 540883391
- Sponsor Address: 1505 1ST AVE E, BIG STONE GAP, VA, 242193189
- Plan Type: 401(k)
- Total Participants: 110
- Total Assets: $1.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 110 | $1.9M | $59,965 | $102,883 |
| 2023 | 102 | $1.7M | $83,459 | $118,209 |
| 2022 | 113 | $1.4M | $80,441 | $109,556 |
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 |
|---|---|---|---|---|
| CLEARPOINT CPAS PC | 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 | $18,147 | $4,701 | — | — | — |
| 2023 | $16,219 | $3,699 | — | — | — |
| 2022 | $9,489 | — | $9,489 | — | — |