Newcomb Oil Co., LLC 401(k) Review & Grade
Newcomb Oil Co., LLC Profit Sharing and 401(k) Savings Plan
Bardstown, KYRetail Trade1,007 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$783Employer $ per active participant
$1,366Employee $ saved per active participant
0.56%Direct admin cost, % of plan assets
$33.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity25.9 / 5052th percentile for employer $ per participant
- Low cost4.9 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1522th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 20th |
| Employee saving | 22th |
| Peers that auto-enroll | 48% |
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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
- Newcomb Oil Co. put in about $783 per active participant, more than the typical peer ($743). 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.
- Direct plan expenses (0.56% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $788,674 |
| Participant (employee) contributions | $1,375,758 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $176,001 |
| Contract administrator fees | $176,001 |
| Benefits paid out | $2,763,467 |
| Net assets, start / end of year | $29.9M / $33.0M |
| Active participants, start / end of year | 961 / 1,053 |
| Participants with account balances | 398 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Dean Dorton Allen Ford, PLLC |
Largest service providers (Schedule C)
| Kestra Advisory Services LLC | $79,275 reported compensation |
| Transamerica Retirement Solutions | $60,420 reported compensation |
| Dean Dorton | $17,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260709091403NAL0000086721001, received 2026-07-09, EIN 61-0597969, plan #002, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.