Oiles America Corporation Retirement Plan — Form 5500 plan (Oiles America Corporation)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Oiles America Corporation Retirement Plan is a benefit plan reported by Oiles America Corporation under EIN 51-0387479 and plan number 001. The latest loaded filing year is 2023. The filing reports 244 participants and $12,688,589 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Oiles America Corporation
- EIN
- 51-0387479
- Plan number
- 001
- Plan type
- 2
- Location
- Concord, NC
- Latest filing year
- 2023
- Participants
- 244
- End-of-year plan assets
- $12,688,589
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 244 | H, C | 20241009103756NAL0009112835001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $12,688,589
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $12,688,589
- Net assets (BOY)
- $10,879,916
Income & contributions
- Employer contributions
- $274,837
- Participant contributions
- $638,179
- Total contributions
- $1,353,973
- Total income / additions
- $2,851,309
Expenses & distributions
- Benefits paid
- $982,483
- Administrative expenses
- $60,114
- Total expenses
- $1,042,636
- Net increase / (decrease)
- $1,808,673
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $60,113 | $0 | 2023 |
| S B H U Life Agency Inc | OTHER SERVICES | $0 | $20,223 | 2023 |