Eneric Petroleum Corporation 401(k) Review & Grade
Cambridge Investment Group Retirement Plan
Fairfield, IAFinance & Insurance928 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,223Employer $ per active participant
$6,024Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$81.7MNet plan assets, end of year
$79,243Average balance per account
Score breakdown
- Employer generosity21.6 / 5043th percentile for employer $ per participant
- Low cost19.6 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving5.2 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 78th |
| Employee saving | 35th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($150 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $7,404 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Eneric Petroleum put in about $3,223 per active participant, below the typical peer ($3,606). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,992,793 |
| Participant (employee) contributions | $5,593,445 |
| Other contributions (incl. rollovers in) | $1,868,763 |
| Administrative expenses paid from the plan | $61,324 |
| Investment advisory & management fees | $972 |
| Benefits paid out | $5,533,842 |
| Net assets, start / end of year | $67.6M / $81.7M |
| Active participants, start / end of year | 933 / 924 |
| Participants with account balances | 1,031 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $11,419 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013140057NAL0000684115001, received 2025-10-13, EIN 59-2112363, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.