Kern Oil & Refining Co. Profit Sharing Plan — Form 5500 plan (Kern Oil & Refining Co.)
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, Kern Oil & Refining Co. Profit Sharing Plan is a benefit plan reported by Kern Oil & Refining Co. under EIN 33-0011506 and plan number 002. The latest loaded filing year is 2023. The filing reports 200 participants and $27,724,352 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Kern Oil & Refining Co.
- EIN
- 33-0011506
- Plan number
- 002
- Plan type
- 2
- Location
- Bakersfield, CA
- Latest filing year
- 2023
- Participants
- 200
- End-of-year plan assets
- $27,724,352
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 200 | H, C | 20241009192309NAL0018979745001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $27,724,352
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $27,724,352
- Net assets (BOY)
- $21,461,876
Income & contributions
- Employer contributions
- $308,086
- Participant contributions
- $1,456,328
- Total contributions
- $2,835,874
- Total income / additions
- $6,955,841
Expenses & distributions
- Benefits paid
- $639,717
- Administrative expenses
- $53,648
- Total expenses
- $693,365
- Net increase / (decrease)
- $6,262,476
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $53,648 | $0 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |