Jernigan Oil Company, Inc. 401(k) Plan: Login, Facts & Contact Information

Jernigan Oil Company, Inc. 401(k) Plan Facts

Plan name
JERNIGAN OIL COMPANY, INC. 401(K) PROFIT SHARING PLAN
Plan type
401(k) and profit sharing
Plan sponsor
JERNIGAN OIL COMPANY, INC.
Participants
686 (519 active employees)
Former employees with a balance
16
Plan assets
$6,455,593 at Dec 31, 2024
Average account balance
$35,666 across 181 accounts
Employer contributions
$331,250 in plan year 2024 (38% of all contributions)
Recordkeeper
Newport Group, Inc.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1988
— Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Sep 5, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $864,178 went into the plan in contributions, $331,250 of it from the employer (38%).
  • $523,268 was paid out to participants.
  • Investment and other income added $645,603.
  • Administrative expenses were $45,784, about $253 per account.

How the Jernigan Oil Company, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019536$3.66 million$189,025$303,956
2020551$4.30 million$234,175$456,413
2021562$5.06 million$279,154$434,342
2022585$4.60 million$333,404$426,455
2023672$5.51 million$342,473$629,713
2024686$6.46 million$331,250$523,268

Jernigan Oil Company, Inc. 401(k) Contact Information

Phone
252-332-2131
Mailing address
415 EAST MAIN STREET, AHOSKIE NC 27910
Plan sponsor
JERNIGAN OIL COMPANY, INC.
Employer identification number (EIN)
56-0795696
Plan number
001

Questions about the Jernigan Oil Company, Inc. 401(k)

Does Jernigan Oil Company, Inc contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $331,250 in employer contributions for plan year 2024.

Does the Jernigan Oil Company, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Jernigan Oil Company, Inc 401(k) plan?

686 participants at the start of plan year 2024, 519 of them active employees, and 16 former employees who still had money in the plan.

What is the average 401(k) balance at Jernigan Oil Company, Inc?

About $35,666 per account: $6.46 million in plan assets across 181 accounts with a balance at the end of plan year 2024.

Who manages the Jernigan Oil Company, Inc 401(k) accounts?

Newport (an Ascensus company) (listed on the filing as NEWPORT GROUP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Jernigan Oil Company, Inc. How do I access my 401(k)?

Your account stays with Newport (an Ascensus company) after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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