Amalie Oil Company 401(k) Review & Grade
Amalie Oil Company Profit Sharing 401(k) Plan
Tampa, FLWholesale Trade554 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,480Employer $ per active participant
$4,878Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$77.0MNet plan assets, end of year
$127,499Average balance per account
Score breakdown
- Employer generosity46.8 / 5094th percentile for employer $ per participant
- Low cost12.5 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 50th |
| Employee saving | 54th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Amalie Oil put in about $6,480 per active participant, more than the typical peer ($1,792). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- 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 | $3,586,915 |
| Participant (employee) contributions | $2,700,180 |
| Other contributions (incl. rollovers in) | $18,189 |
| Administrative expenses paid from the plan | $161,279 |
| Investment advisory & management fees | $93,854 |
| Benefits paid out | $2,286,403 |
| Net assets, start / end of year | $63.1M / $77.0M |
| Active participants, start / end of year | 569 / 538 |
| Participants with account balances | 604 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Warren Averett LLC |
Largest service providers (Schedule C)
| Merrill Lynch Pierce Fenner & Smith | $97,961 reported compensation |
| Adp, Inc. | $67,425 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014062552NAL0004810994001, received 2025-10-14, EIN 59-0810351, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.