APPROVED OIL CO. OF BROOKLYN, INC. 401(K) PROFIT SHARING PLAN & TRUST

At the end of 2022, the total retirement plan assets of APPROVED OIL CO. OF BROOKLYN, INC. 401(K) PROFIT SHARING PLAN & TRUST is $3,410,771.This plan was established in 2012.

At the end of 2022, the total number of retirement plan participants in APPROVED OIL CO. OF BROOKLYN, INC. 401(K) PROFIT SHARING PLAN & TRUST is 232

In 2022, the average participant retirement account value for APPROVED OIL CO. OF BROOKLYN, INC. 401(K) PROFIT SHARING PLAN & TRUST is $14,701

In 2022, the estimated average employee contribution amount per participant for APPROVED OIL CO. OF BROOKLYN, INC. 401(K) PROFIT SHARING PLAN & TRUST is $3,379

In 2022, the estimated average employer match for an employee in APPROVED OIL CO. OF BROOKLYN, INC. 401(K) PROFIT SHARING PLAN & TRUST is approximately $965

In 2022, APPROVED OIL CO. OF BROOKLYN, INC. 401(K) PROFIT SHARING PLAN & TRUST allocates $223,976 to match its employees’ contributions, providing an employer match rate of 57.14% of their contributions

In 2022, the total retirement plan asset growth rate of APPROVED OIL CO. OF BROOKLYN, INC. 401(K) PROFIT SHARING PLAN & TRUST is -0.38%

In 2022, the estimated aggregate retirement account investment gain/loss for APPROVED OIL CO. OF BROOKLYN, INC. 401(K) PROFIT SHARING PLAN & TRUST is -17.30%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of APPROVED OIL CO. OF BROOKLYN, INC. 401(K) PROFIT SHARING PLAN & TRUST is 0.04%.

Enrollment Features

APPROVED OIL CO. OF BROOKLYN, INC. 401(K) PROFIT SHARING PLAN & TRUST has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.