Plan Ledger DOL Form 5500 · updated monthly

Baywater Pipeline Services, LLC401(k)

BAYWATER DRILLING, LLC 401(K) SAVINGS PLAN · THE WOODLANDS, TX · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Baywater Pipeline Services, LLC reported $31,213 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $1,322 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.

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 among the smaller plans on file in Texas (2,864th of 5,688), and 396th of 612 in mining, oil & gas extraction. In 2024, employees put in $2.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,544,639
Participants with balances645
Active participants493
Employer contributions$651,539
Employee contributions$1,477,280
Employer contribution per active participant$1,322
Average account balance$17,899
Benefits paid to participants$1,218,051
Plan auditUnmodified (clean) audit opinion
AuditorHARPER & PEARSON COMPANY, P .C.
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,299
Total administrative$31,213
The Baywater Pipeline Services, LLC 401(k) match · 2024
Employer contribution per active participant$1,322
Median for plans this size$2,416

Baywater Pipeline Services, LLC's 2024 employer contribution ran below the $2,416 median for plans its size. 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 · 20241
T ROWE PRICE RPS INC · Recordkeeping · Trustee$26,299

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

Administrative cost history1
2024$31,213 · 0.30%
Same employer
Similar plansMining, Oil & Gas Extraction · Texas
Formentera Partners, LP TX$12.1M · 0.64%
Clearwell Dynamics, LLC TX$11.9M · 0.37%
Ensign Management LLC TX$11.9M · 0.15%
Scm Operations LLC TX$11.6M · 0.44%
Goodnight Midstream, LLC TX$11.2M · 0.53%
The Wireline Group, Inc. TX$10.7M · 0.78%

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Source: U.S. Department of Labor, Form 5500 series, EIN 825080042 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.