Plan Ledger DOL Form 5500 · updated monthly

E & B Natural Resources Management Corp.401(k)

E & B NATURAL RESOURCES MANAGEMENT CORP. 401(K) PLAN · BAKERSFIELD, CA · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

E & B Natural Resources Management Corp. reported $104,295 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,520 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 3 years on file its reported administrative ratio has held roughly steady near 0.51%. 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 3,477th-largest of 9,483 plans among California employers on file, and the 300th of 612 in mining, oil & gas extraction. In 2024, employees put in $1.80 for every $1.00 the employer contributed; active participation has shrunk from 291 to 259 since 2022.

Plan summary
Net assets, end of year$21,284,827
Participants with balances237
Active participants259
Employer contributions$652,727
Employee contributions$1,172,931
Employer contribution per active participant$2,520
Average account balance$89,809
Benefits paid to participants$2,696,151
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.3M · 237 accts · $653K emplr
2023$19.5M · 261 accts · $687K emplr
2022$17.1M · 277 accts · $561K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,434
Investment management$56,099
Trustee / custodial$8,762
Total administrative$104,295
The E & B Natural Resources Management Corp. 401(k) match · 2024
Employer contribution per active participant$2,520
Median for plans this size$2,416
2024$2,520 per active participant
2023$2,384 per active participant
2022$1,928 per active participant

E & B Natural Resources Management Corp.'s 2024 employer contribution ran above 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 · 20243
WESPAC PLAN SERVICES, LLC · Contract administrator · Recordkeeping$39,434
WESPAC ADVISORS, LLC · Investment advisory (participants) · Investment advisory (plan)$56,099
CHARLES SCHWAB TRUST BANK · Contract administrator$8,762

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

Recordkeeper by year2
2024WESPAC PLAN SERVICES, LLC
2023WESPAC PLAN SERVICES, LLC

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Administrative cost history3
2024$104,295 · 0.51%
2023$95,135 · 0.52%
2022$97,774 · 0.52%
Same employer
Similar plansMining, Oil & Gas Extraction · California
Signal Hill Petroleum, Inc. CA$27.6M · 0.23%
P.W. Gillibrand Co., Inc. CA$25.2M · 0.31%
Oil Well Service Co. CA$22.1M · 0.22%
Howard Energy Co., Inc. CA$14.1M · 0.01%
Thyssen Mining Inc. CA$13.0M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952797484 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.