Industry · Form 5500 business code 424700
Petroleum & Petroleum Products: retirement plans
Plans whose sponsor entered this principal business activity code on Form 5500.
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. The business code is chosen by the filer from the list in the Form 5500 instructions.
For plan year 2024, 177 retirement plans in petroleum & petroleum products with 100 or more participants filed Form 5500: 173 defined contribution and 4 defined benefit. They reported 129,129 participant records and $8.03B in net assets, counting every plan on the form.
The median defined contribution plan held $52,846 per participant, close to the national median of $53,031, and its employer put in $2,092 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $153 per participant against $123 nationally.
Employers contributed $313M and participants $419M during the year, and the plans paid out $899M in benefits.
In 2009 the same group numbered 173 plans with $1.89B; by 2024 it was 177 plans (up 2%) and $8.03B (up 325%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Medians compared with all US plans
| Median plan, plan year 2024 | Industry: DC | US: DC | Industry: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $52,846 | $53,031 | $81,044 | $86,234 |
| Employer contributions per active participant | $2,092 | $2,174 | $11,250 | $10,244 |
| Schedule C compensation per participant | $153 | $123 | $166 | $344 |
| Schedule C compensation, share of net assets | 0.30% | 0.26% | 0.25% | 0.42% |
| Administrative expenses per participant | $159 | $116 | $312 | $527 |
Medians across plans with 100 or more participants (162 DC and 4 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $30,113 | $52,846 | $91,003 | 162 |
| Employer contributions per active participant | $1,123 | $2,092 | $3,670 | 159 |
| Schedule C compensation per participant | $88.97 | $153 | $253 | 152 |
| Administrative expenses per participant | $88.15 | $159 | $245 | 157 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2025partial | 17 | 13,395 | $734M | $27.5M | $40.5M | $66,969 | $153 |
| 2024 | 177 | 129,129 | $8.03B | $313M | $419M | $52,846 | $153 |
| 2023 | 189 | 120,862 | $7.18B | $285M | $378M | $42,187 | $125 |
| 2022 | 210 | 113,764 | $6.06B | $251M | $331M | $34,639 | $115 |
| 2021 | 210 | 105,124 | $6.81B | $228M | $305M | $41,467 | $146 |
| 2020 | 209 | 101,880 | $6.51B | $192M | $285M | $40,687 | $121 |
| 2019 | 208 | 105,281 | $5.71B | $216M | $277M | $37,006 | $116 |
| 2018 | 201 | 98,430 | $4.70B | $190M | $244M | $34,528 | $97.12 |
| 2017 | 199 | 87,981 | $4.61B | $169M | $209M | $38,042 | $94.55 |
| 2016 | 210 | 90,764 | $4.07B | $156M | $199M | $32,433 | $84.85 |
| 2015 | 203 | 92,144 | $3.78B | $175M | $196M | $30,400 | $74.88 |
| 2014 | 197 | 86,822 | $3.64B | $165M | $174M | $32,395 | $61.59 |
| 2013 | 191 | 81,526 | $3.37B | $149M | $152M | $33,046 | $50.83 |
| 2012 | 180 | 75,010 | $2.68B | $131M | $135M | $25,588 | $63.68 |
| 2011 | 173 | 73,507 | $2.37B | $121M | $123M | $23,479 | $55.91 |
| 2010 | 165 | 65,542 | $2.19B | $101M | $103M | $23,649 | $70.22 |
| 2009 | 173 | 78,331 | $1.89B | $93.9M | $96.6M | $20,590 | $47.06 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 178 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 178 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| FJ Management Inc. 401(k) Plan | FJ Management Inc. | UT | DC | 15,777 | $279M | $17,661 | $1,769 | $52.42 |
| U.S. Venture 401(k) Retirement Savings Plan | U.S. Venture, Inc. | WI | DC | 6,212 | $399M | $64,216 | $4,394 | $90.30 |
| Brenntag USA 401(k) and Profit Sharing Plan | Brenntag North America, Inc. | PA | DC | 5,668 | $695M | $122,663 | $6,813 | $234 |
| Global Partners LP 401(k) Savings and Profit Sharing Plan | Global Partners LP | MA | DC | 5,485 | $266M | $48,499 | $1,097 | $17.98 |
| Ergon 401(k) Plan | Ergon, Inc. | MS | DC | 4,647 | $771M | $165,864 | $8,950 | $129 |
| Reladyne LLC 401(k) Plan | Reladyne LLC | OH | DC | 3,765 | $173M | $45,939 | $2,673 | $88.89 |
| World Kinect Corporation 401(k) Profit Sharing Plan | World Kinect Corporation | FL | DC | 3,218 | $383M | $118,925 | $2,435 | $29.14 |
| Ravago Americas 401(k) Savings and Profit Sharing Plan | Ravago Americas, LLC | FL | DC | 2,844 | $274M | $96,301 | $4,542 | $85.84 |
| Parkland USA 401(k) Plan | Parkland (U.S.) People Corp. | TX | DC | 2,591 | $67.8M | $26,183 | $1,746 | $73.67 |
| Matrix Service Company 401(k) Savings Plan | Matrix Service Company | OK | DC | 2,485 | $216M | $86,795 | $2,646 | $138 |
| Colonial Group, Inc. Retirement Savings Plan | Colonial Group, Inc. | GA | DC | 2,459 | $195M | $79,133 | $4,230 | $88.67 |
| Dead River 401(k) Retirement Savings Plan | Dead River Company | ME | DC | 2,295 | $101M | $43,969 | $2,702 | $138 |
| Nouria 401(k) Retirement Plan | Nouria Energy Corporation | MA | DC | 2,253 | $19.3M | $8,585 | $355 | $33.51 |
| Mfa Employees Retirement Plan | Mfa Oil Company | MO | DB | 1,861 | $155M | $83,310 | $6,875 | $141 |
| Quality Oil Company 401(k) and Profit Sharing Plan | Quality Oil Company, LLC | NC | DC | 1,765 | $70.3M | $39,809 | $4,698 | $105 |
| Axel Johnson Inc. Retirement Plan | Axel Johnson Inc. | CT | DB | 1,632 | $78.7M | $48,196 | $34,523 | $185 |
| Axel Johnson Inc. Thrift and Defined Contribution Plan | Axel Johnson Inc. | CT | DC | 1,270 | $195M | $153,761 | $5,388 | $122 |
| Pedernales Electric Cooperative Inc. Employees 401(k) Savings Plan | Pedernales Electric Cooperative, Inc. | TX | DC | 1,257 | $199M | $158,013 | $10,127 | $218 |
| Doswell Operating Group 401(k) Plan | Woodfin Heating, Inc. | VA | DC | 1,233 | $43.1M | $34,926 | $536 | $76.77 |
| Carroll Independent Fuel 401(k) Retirement Plan | Carroll Independent Fuel, LLC | MD | DC | 1,212 | $45.4M | $37,460 | $957 | $66.85 |
| 4C Holding, LLC Profit Sharing and 401(k) Plan | 4C Holding, LLC | NC | DC | 1,209 | $10.2M | $8,461 | $646 | $54.14 |
| Mansfield Oil Company of Gainesville 401(k) Plan | Mansfield Oil Company of Gainesville, Inc. | GA | DC | 1,157 | $52.5M | $45,407 | $1,737 | $175 |
| Brad Hall Companies 401(k) Plan | Brad Hall & Associates, Inc. | ID | DC | 1,068 | $17.1M | $15,978 | $1,197 | $40.00 |
| Brenntag USA Money Purchase Plan | Brenntag North America, Inc. | PA | DC | 1,046 | $106M | $101,552 | $3,866 | $160 |
| Avfuel Corporation 401(k) Savings Plan | Avfuel Corporation | MI | DC | 1,022 | $37.0M | $36,199 | $1,009 | $105 |
| Irving USA Employees 401(k) Plan | Irving Oil Terminals Inc. | NH | DC | 1,008 | $81.0M | $80,401 | $3,133 | $32.67 |
| Mfa Oil Company 401(k) Plan | Mfa Oil Company | MO | DC | 1,007 | $13.6M | $13,491 | $1,735 | $139 |
| Coen Oil Company 401(k) Plan | Coen Oil Company, LLC | PA | DC | 879 | $11.0M | $12,511 | $457 | $52.82 |
| Littlefield Oil Companies 401(k) Profit Sharing Plan | Littlefield Investment Co. | AR | DC | 835 | — | — | — | — |
| Isco Industries Inc. Retirement Savings Plan | Isco Industries, Inc. | KY | DC | 834 | $90.6M | $108,596 | $2,383 | $160 |
| Petroleum Wholesale LP 401(k) Profit Sharing Plan | Petroleum Wholesale, L.P. | TX | DC | 813 | $11.6M | $14,309 | $838 | $99.97 |
| Whitehead Oil Company 401(k) Profit Sharing Plan | Whitehead Oil Company | NE | DC | 805 | $20.2M | $25,040 | $1,988 | $134 |
| Iowa 80 Group, Inc. 401(k) Plan | Iowa 80 Group, Inc. | IA | DC | 797 | $53.4M | $66,969 | $865 | $97.58 |
| C.N. Brown Co. 401(k) Plan | C.N. Brown Company | ME | DC | 792 | $17.1M | $21,608 | $769 | $117 |
| J & H Oil Company Employees' Retirement Plan | J & H Oil Company | MI | DC | 788 | $12.6M | $15,997 | $359 | $47.42 |
| Adams Resources and Energy, Inc., and Subsidiaries 401(k) Plan | Adams Resources and Energy, Inc. | TX | DC | 743 | $33.0M | $44,436 | $2,013 | — |
| M.G. Oil Company 401(k) Plan | M.G. Oil Company | SD | DC | 711 | $12.7M | $17,915 | $707 | $46.20 |
| S.B. Collins, Inc. 401(k) Plan | S.B. Collins, Inc. | VT | DC | 706 | $9.7M | $13,701 | $458 | $117 |
| Amalie Oil Company Profit Sharing 401(k) Plan | Amalie Oil Company | FL | DC | 700 | $71.5M | $102,157 | $5,390 | $237 |
| Noco Retirement Plan | Noco Energy Corp. | NY | DC | 680 | $44.2M | $65,060 | $1,700 | $89.70 |
By plan size
By state
Questions and answers
How many retirement plans are there in petroleum & petroleum products?
177 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 241 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in petroleum & petroleum products?
The median defined contribution plan reported $52,846 in net assets per participant (middle half of plans: $30,113 to $91,003); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in petroleum & petroleum products?
The median defined contribution plan received $2,092 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in petroleum & petroleum products?
Among defined contribution plans that report any Schedule C compensation, the median was $153 per participant and 0.30% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.