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United Refining Company

Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

United Refining Company

49
Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

Overview

Plan Rating

BrightScope Rating
49
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (8)
Average in Peer Group (72)
Highest in Peer Group (88)

Plan Description

United Refining Company of Pennsylvania Incentive Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 49. United Refining Company of Pennsylvania Incentive Savings Plan currently has over 1,500 active participants and over $5.8M in plan assets.

Did you know?

For the average 401k participant, the 39 point difference between this plan's BrightScope Rating (49) and the top rated plan (88) could equate to:
19
Additional years of work
236,449
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2018
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 15 Bradley Street, P.o. Box 780
  • Location
    Warren , PA
    • 16365-0780
  • Industry
    Petroleum Refineries
  • Administrator
    Steven R. Smyth
  • Net Plan Assets
    $5,830,000
  • Total Participants
    1,600
  • Avg Account Balance
    $5,100

Plan Components

Component Ratings

Design

Total Plan Cost:
Average Fees
Company Generosity:
Below Avg.

Performance

Participation Rate:
Below Avg.
Salary Deferrals:
Poor
Account Balance:
Poor

Design

Total Plan Cost:
Low Fees
Company Generosity:
Below Avg.

Performance

Participation Rate:
Average
Salary Deferrals:
Poor
Account Balance:
Poor

Peer Group Plans

Company Rating
Polyglass USA 72.7
Gaf, LLC 64.6
Philadelphia Energy Solutions LLC 63.5
Gencor Industries 63.1
Atlas Roofing 63.0
Vance Brothers 62.8

Top Industry Articles

Compliance
Stimulus Bill Extends Some Provisions of the CARES Act

It also provides a way for retirement plan sponsors to avoid a partial plan termination.

December 28, 2020
exclusives
Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients
Coronavirus-related withdrawals made in 2020 were a financial lifeline for some, but they could also turn into a major tax headache for others.
February 19, 2021
exclusives
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.
June 11, 2020
Data & Research
Many Near-Retirees Don't Understand Social Security Benefits

More than one-third failed a basic Social Security quiz administered by MassMutual.

April 7, 2021
exclusives
Once They Catch On, PEPs Could Grow Exponentially
The current hesitancy over how they will take shape will be overcome by appreciation among advisers and sponsors alike at the prospect of expanding retirement coverage, sources say.
April 16, 2021

Investments

Investment Menu Stats

# of Investment Options

19

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
BlackRock Global Allocation 38%
29%
Federated Capital Preservation Fund 13%
N/A
JPMorgan Large Cap Growth 7%
3%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan
for Asset Managers

Providers

Plan Service Providers

SERVICE PROVIDER
Recordkeeper
Bank of America Merrill Lynch
Auditor
Lougen,Valenti,Bookbinder,Weintraub

Articles and Questions

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Popular Questions

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