Plan Ledger DOL Form 5500 · updated monthly

Davidson Oil Company401(k)

DAVIDSON OIL COMPANY 401(K) PLAN · AMARILLO, TX · plan year 2024

Reported admin expense ratio · 2024
1.52%

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

Davidson Oil Company reported $55,366 in plan administrative expenses for 2024: 1.52% of average plan assets, higher than ~90% of peers. Employer contributions averaged $247 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 1.20% to 1.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Texas (4,263rd of 5,688), and 1,764th of 2,677 in transportation & warehousing. In 2024, employees put in $12.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,140,788
Participants with balances139
Active participants125
Employer contributions$30,926
Employee contributions$392,754
Employer contribution per active participant$247
Average account balance$29,790
Benefits paid to participants$228,555
Plan auditUnmodified (clean) audit opinion
AuditorCMMS CPA'S & ADVISORS, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$4.1M · 139 accts · $31K emplr
2023$3.2M · 129 accts · $48K emplr
2022$2.5M · 141 accts · $40K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,992
Investment management$17,774
Total administrative$55,366
The Davidson Oil Company 401(k) match · 2024
Employer contribution per active participant$247
Median for plans this size$1,313
2024$247 per active participant
2023$404 per active participant
2022$321 per active participant

Davidson Oil Company'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 · 20244
AMARILLO NATIONAL BANK · Investment advisory (plan)$15,668
CMMS CPAS & ADVISORS PLLC · Accounting / audit$13,600
EMPOWER ADVISORY GROUP, LLC · Investment management$2,106

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

Administrative cost history3
2024$55,366 · 1.52%
2023$33,346 · 1.18%
2022$32,352 · 1.20%
Same employer
Similar plansTransportation & Warehousing · Texas
Custom Commodities, Inc. TX$4.4M · 0.11%
V Sandco, LLC TX$4.2M · 0.39%
Sunset Logistics, Inc. TX$4.1M · 1.36%
Jetco Delivery, LLC TX$4.0M · 0.98%
Daniel B. Hastings, Inc. TX$4.0M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751569759 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.