How big is Payne Oil Co's plan?

Payne Oil Co's plan reported $466K in assets and 37 participants for 2024.

Original filing (PDF)20250611125424NAL0015791617001

Payne Oil Co

Name: Payne Oil Co — Payne Oil Co 401(k), Form 5500 (2024)
Creator: Payne Oil Co
License: https://www.usa.gov/government-works

Form 5500-SF

FILING_RECEIVED

Payne Oil Co 401(k)

401(k) retirement plan · Payne Oil Co's Payne Oil Co 401(k) held $466K in plan assets for 37 participants in 2024.

Active participants

Accounts w/ balance

Plan assets (EOY)

$466K

Net assets (EOY)

$466K

People on this filing

Shirley Horner signed Payne Oil Co's 2024 Form 5500 as plan administrator.

Shirley Horner — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Payne Oil Co's EIN is 56-0502118.

EIN 56-0502118

Plan number 001

Plan year 2024

ACK ID 20250611125424NAL0015791617001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Payne Oil Co from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Payne Oil Co's plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, automatic enrollment, a default investment (QDIA).

Decision-maker contacts

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Plan health score

Top-tier plan health

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool. Based on 70% of scoring inputs for this filing.

Compliance & integrity

100

Total plan cost

n/a

Plan health

Vendor & structure

100

Knocking points off

Low account-holder ratio — balance-holders per active participant in the bottom quartile of peers (16th percentile).

Helping the score

Cost not scored — no comparable Schedule H expense data for this cohort.

Plan sponsor

Name

PAYNE OIL CO

EIN

all filings

Address

PO BOX 3277 · BURLINGTON, NC · 27215

Phone

(336) 266-9711

Industry

Retail Trade

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-06-11

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2S · Automatic enrollment

2T · Default investment account (QDIA)

3D · Pre-approved plan (master / prototype / VS)

Service providers (Schedule C)

Small plans don't disclose service providers

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