Scott Petroleum Corporation 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2020. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Scott Petroleum Corporation 401(k) Plan Facts (plan year 2020)

Plan name
SCOTT PETROLEUM CORPORATION 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SCOTT PETROLEUM CORPORATION
Participants
605 (472 active employees)
Former employees with a balance
99
Plan assets
$9,946,381 at Dec 31, 2020
Average account balance
$28,177 across 353 accounts
Employer contributions
$242,897 in plan year 2020 (28% of all contributions)
Recordkeeper
Epic Retirement Plan Services
Plan year
Jan 1, 2020 – Dec 31, 2020
Plan established
Jan 1, 1989
✓ 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 2020 (Jan 1, 2020 – Dec 31, 2020), filed Oct 15, 2021. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2020

  • $860,132 went into the plan in contributions, $242,897 of it from the employer (28%).
  • $368,636 was paid out to participants.
  • Investment and other income added $1.17 million.
  • Administrative expenses were $12,253, about $35 per account.

How the Scott Petroleum Corporation 401(k) changed, 2015–2020

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2015491$5.18 million$199,998$942,271
2016631$5.68 million$197,562$495,776
2017746$6.78 million$217,462$615,743
2018854$6.72 million$213,085$510,202
2019624$8.30 million$255,538$685,273
2020605$9.95 million$242,897$368,636

Scott Petroleum Corporation 401(k) Contact Information

Phone
662-254-9024
Mailing address
102 MAIN ST, ITTA BENA MS 38941
Plan sponsor
SCOTT PETROLEUM CORPORATION
Employer identification number (EIN)
64-0286765
Plan number
001

Questions about the Scott Petroleum Corporation 401(k)

Is the Scott Petroleum Corporation 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2020, and no later filing was found under this employer's EIN.

Does Scott Petroleum Corporation contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2020 the employer contributed $242,897, 28% of all contributions.

Does the Scott Petroleum Corporation 401(k) have automatic enrollment?

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

How many people are in the Scott Petroleum Corporation 401(k) plan?

605 participants at the start of plan year 2020, 472 of them active employees, and 99 former employees who still had money in the plan.

What is the average 401(k) balance at Scott Petroleum Corporation?

About $28,177 per account: $9.95 million in plan assets across 353 accounts with a balance at the end of plan year 2020.

Who manages the Scott Petroleum Corporation 401(k) accounts?

EPIC Retirement Plan Services is the plan's recordkeeper, which is where participants log in to see their balance.

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