Quality Oil Company 401(K) And Profit Sharing Plan — Form 5500 plan (Quality Oil Company, LLC)

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, Quality Oil Company 401(K) And Profit Sharing Plan is a benefit plan reported by Quality Oil Company, LLC under EIN 56-0369080 and plan number 002. The latest loaded filing year is 2023. The filing reports 1,943 participants and $61,859,193 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Quality Oil Company, LLC
EIN
56-0369080
Plan number
002
Plan type
2
Location
Winston-Salem, NC
Latest filing year
2023
Participants
1,943
End-of-year plan assets
$61,859,193

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,943H, C20240729100639NAL0031818560001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$61,859,193
Total liabilities (EOY)
$0
Net assets (EOY)
$61,859,193
Net assets (BOY)
$53,032,394

Income & contributions

Employer contributions
$4,796,674
Participant contributions
$2,239,600
Total contributions
$7,232,856
Total income / additions
$15,241,013

Expenses & distributions

Benefits paid
$6,262,596
Administrative expenses
$151,618
Total expenses
$6,414,214
Net increase / (decrease)
$8,826,799

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$136,651$02023
Independent Advisor AllianceINVESTMENT ADVISORY$14,967$332023

Related Form 5500 pages