Plan Ledger DOL Form 5500 · updated monthly

American Well Services LLC401(k)

AMERICAN WELL SERVICES 401(K) PLAN · MIDLAND, TX · plan year 2024

Reported admin expense ratio · 2024
1.15%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

American Well Services LLC reported $102,612 in plan administrative expenses for 2024: 1.15% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio rose from 0.91% to 1.15%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is among the smaller plans on file in Texas (3,218th of 5,688), and 437th of 612 in mining, oil & gas extraction.

Plan summary
Net assets, end of year$9,004,418
Participants with balances651
Active participants734
Employer contributions$0
Employee contributions$1,731,173
Employer contribution per active participant$0
Average account balance$13,832
Benefits paid to participants$2,503,655
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$9.0M · 651 accts
2023$8.9M · 924 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$81,367
Investment management$21,245
Total administrative$102,612
The American Well Services LLC 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

American Well Services LLC's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY WORKPLACE SERVICES, LLC · Plan administrator · Trustee (discretionary)$81,367
MARCADO ASSET MANAGEMENT LLC · Investment advisory (plan)$19,250

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2024$102,612 · 1.15%
2023$72,531 · 0.91%
Similar plansMining, Oil & Gas Extraction · Texas
Stream-Flo USA, Inc. TX$9.5M · 0.07%
Baywater Drilling, LLC TX$9.4M · 0.40%
Tally Personnel, LLC TX$9.3M · 0.41%
Nacg Texas, Inc. TX$9.1M · 0.29%
Morrow Renewables, LLC TX$8.8M · 0.31%
Eastham Enterprises TX$8.6M · 0.47%
Pv Fluid Products, Inc. TX$8.6M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 862277311 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.