Western Oil Inc. 401(k) Plan (terminated 2022): Login, Facts & Contact Information
This plan was terminated. Its final Form 5500 covers plan year 2022, when $391,802 was transferred out of the plan. Assets moved to the WESTERN TRANSPORTATION 401(K) PLAN (sponsored by WESTERN OIL TRANSPORTATION INC.). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.
Western Oil Inc. 401(k) Login
Retirement plan providers can change. This information is from the plan's 2022 filing.
Western Oil Inc. 401(k) Plan Facts (plan year 2022)
Source: Form 5500 for plan year 2022 (Jan 1, 2022 – Dec 13, 2022), filed Sep 26, 2023. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2022
- $116,331 went into the plan in contributions, $31,731 of it from the employer (27%).
- $2.30 million was paid out to participants.
How the Western Oil Inc. 401(k) changed, 2018–2022
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2018 | 241 | $581,518 | $214,084 | $41,940 |
| 2019 | 285 | $1.38 million | $238,740 | $161,524 |
| 2020 | 247 | $2.03 million | $238,709 | $318,918 |
| 2021 | 201 | $2.92 million | $245,914 | $177,305 |
| 2022 (final) | 196 | $0 | $31,731 | $2.30 million |
Western Oil Inc. 401(k) Contact Information
Questions about the Western Oil Inc. 401(k)
Is the Western Oil Inc 401(k) plan still active?
No. The plan's final Form 5500 was filed for plan year 2022. Its assets were transferred to the WESTERN TRANSPORTATION 401(K) PLAN.
Does Western Oil Inc contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $31,731, 27% of all contributions.
Does the Western Oil Inc 401(k) have automatic enrollment?
Yes. The plan reports automatic enrollment of eligible employees.
How many people are in the Western Oil Inc 401(k) plan?
196 participants at the start of plan year 2022.
Who manages the Western Oil Inc 401(k) accounts?
Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.