Petroleum Transport Co. 401(k) Plan: Login, Facts & Contact Information

Petroleum Transport Co. 401(k) Plan Facts

Plan name
EMPLOYEES PRIMARY 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PETROLEUM TRANSPORT COMPANY, INC.
Participants
463 (356 active employees)
Former employees with a balance
54
Plan assets
$12,110,643 at Dec 31, 2024
Average account balance
$49,634 across 244 accounts
Employer contributions
$555,783 in plan year 2024 (34% of all contributions)
Recordkeeper
John Hancock Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jul 1, 2004
✓ 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 23, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.64 million went into the plan in contributions, $555,783 of it from the employer (34%).
  • $1.36 million was paid out to participants.
  • Investment and other income added $1.52 million.
  • Administrative expenses were $35,162, about $144 per account.

How the Petroleum Transport Co. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019260$2.92 million$76,215$259,319
2020319$3.48 million$101,952$356,122
2021320$4.19 million$135,210$505,728
2022457$8.89 million$458,185$607,882
2023474$10.3 million$518,915$1.55 million
2024463$12.1 million$555,783$1.36 million

Petroleum Transport Co. 401(k) Contact Information

Phone
336-368-8974
Mailing address
129 CARSEN STREET P.O. BOX 490, PILOT MOUNTAIN NC 27401
Plan sponsor
PETROLEUM TRANSPORT COMPANY, INC.
Employer identification number (EIN)
56-0673428
Plan number
001

Questions about the Petroleum Transport Co. 401(k)

Does Petroleum Transport Co contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $555,783, 34% of all contributions.

Does the Petroleum Transport Co 401(k) have automatic enrollment?

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

How many people are in the Petroleum Transport Co 401(k) plan?

463 participants at the start of plan year 2024, 356 of them active employees, and 54 former employees who still had money in the plan.

What is the average 401(k) balance at Petroleum Transport Co?

About $49,634 per account: $12.1 million in plan assets across 244 accounts with a balance at the end of plan year 2024.

Who manages the Petroleum Transport Co 401(k) accounts?

John Hancock (listed on the filing as JOHN HANCOCK LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Petroleum Transport Co. How do I access my 401(k)?

Your account stays with John Hancock 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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