Plan Ledger DOL Form 5500 · updated monthly

Aztec Well Servicing Company, Inc.401(k)

AZTEC WELL SERVICING CO., INC. 401K PROFIT SHARING PLAN · AZTEC, NM · plan year 2024

Reported admin expense ratio · 2024
1.26%

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

Aztec Well Servicing Company, Inc. reported $128,785 in plan administrative expenses for 2024: 1.26% of average plan assets, higher than ~90% of peers. Employer contributions averaged $781 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 2 years on file its reported administrative ratio rose from 0.89% to 1.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is the 134th-largest of 290 plans among New Mexico employers on file, and 411th of 612 in mining, oil & gas extraction. In 2024, employees put in $1.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,545,647
Participants with balances349
Active participants181
Employer contributions$141,324
Employee contributions$269,902
Employer contribution per active participant$781
Average account balance$30,217
Benefits paid to participants$684,281
Plan auditUnmodified (clean) audit opinion
AuditorCHANDLER & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.5M · 349 accts · $141K emplr
2023$9.9M · 360 accts · $146K emplr
2022$9.1M · 378 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$128,785
Total administrative$128,785
The Aztec Well Servicing Company, Inc. 401(k) match · 2024
Employer contribution per active participant$781
Median for plans this size$2,416
2024$781 per active participant
2023$833 per active participant

Aztec Well Servicing Company, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$300
PENSION PLANNING CONSULTANTS, INC. · Actuarial · Contract administrator$37,927
MORGAN STANLEY SMITH BARNEYindirect comp

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$128,785 · 1.26%
2023$96,594 · 1.01%
2022$94,074 · 0.89%
Similar plansMining, Oil & Gas Extraction · New Mexico
Mack Energy Corporation NM$64.1M · 0.03%
Trc Construction, Inc. NM$3.1M · 1.59%
Mesa Well Servicing, LP NM$2.2M · 1.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850165643 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.