Williams Oil Company, Inc. 401(k) Review & Grade
Williams Companies Retirement Savings Plan
Sayre, PARetail Trade1,069 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$716Employer $ per active participant
$1,405Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$21.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity24.2 / 5048th percentile for employer $ per participant
- Low cost6.7 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 27th |
| Employee saving | 23th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $16,937 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Williams Oil Company put in about $716 per active participant, below the typical peer ($743). 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.
- Direct plan expenses (0.44% 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 | $764,918 |
| Participant (employee) contributions | $1,501,729 |
| Other contributions (incl. rollovers in) | $458,999 |
| Administrative expenses paid from the plan | $89,607 |
| Investment advisory & management fees | $42,633 |
| Benefits paid out | $1,809,171 |
| Net assets, start / end of year | $18.8M / $21.5M |
| Active participants, start / end of year | 934 / 1,204 |
| Participants with account balances | 383 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mengel, Metzger, Barr & Co., LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $46,974 reported compensation |
| RBC Wealth Management | $37,540 reported compensation |
| Strategic Advisors, Inc. | $5,093 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251016065115NAL0006386817001, received 2025-10-16, EIN 23-1863615, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.