Plan Ledger DOL Form 5500 · updated monthly

Colter Energy Services USA Inc.401(k)

COLTER ENERGY SERVICES USA INC. 401(K) PLAN · MINOT, ND · plan year 2024

Reported admin expense ratio · 2024
1.53%

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

Colter Energy Services USA Inc. reported $45,158 in plan administrative expenses for 2024: 1.53% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,892 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 0.20% to 1.53%. 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 North Dakota (251st of 279), and 540th of 612 in mining, oil & gas extraction. In 2024, employees put in $1.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,169,862
Participants with balances81
Active participants89
Employer contributions$168,377
Employee contributions$308,406
Employer contribution per active participant$1,892
Average account balance$39,134
Benefits paid to participants$476,306
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 81 accts · $168K emplr
2023$2.7M · 84 accts · $180K emplr
2022$2.4M · 259 accts · $186K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,827
Investment management$30,331
Total administrative$45,158
The Colter Energy Services USA Inc. 401(k) match · 2024
Employer contribution per active participant$1,892
Median for plans this size$1,313
2024$1,892 per active participant
2023$1,516 per active participant
2022$1,902 per active participant

Colter Energy Services USA Inc.'s 2024 employer contribution ran above the $1,313 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 · 20242
JOHN HANCOCK · Recordkeeping · Loan processing$14,827
FISHER INVESTMENTS · Trustee · Investment advisory (plan)$30,331

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$45,158 · 1.53%
2023$36,472 · 1.41%
2022$5,413 · 0.20%
Similar plansMining, Oil & Gas Extraction · North Dakota
Baker Rock Crushing Co. ND$6.5M · 0.57%
Winco Development, LLC TX$3.5M · 0.28%
Jrl Coal, Inc. GA$3.4M · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271299186 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.