Plan Ledger DOL Form 5500 · updated monthly

Flatland Energy Services LLC401(k)

FLATLAND ENERGY SERVICES LLC 401(K) PLAN · MIDLAND, TX · plan year 2025

Reported admin expense ratio · 2025
1.97%

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

Flatland Energy Services LLC reported $48,784 in plan administrative expenses for 2025: 1.97% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,953 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 rose from 0.16% to 1.97%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Texas (4,590th of 5,688), and 4,536th of 5,337 in construction. In 2025, employees put in $2.04 for every $1.00 the employer contributed; active participation has grown from 124 to 200 since 2022.

Plan summary
Net assets, end of year$2,989,260
Participants with balances269
Active participants200
Employer contributions$390,512
Employee contributions$795,428
Employer contribution per active participant$1,953
Average account balance$11,112
Benefits paid to participants$571,042
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$3.0M · 269 accts · $391K emplr
2024$2.0M · 287 accts · $246K emplr
2023$1.5M · 162 accts · $229K emplr
2022$548K · 168 accts · $76K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$48,784
Total administrative$48,784
The Flatland Energy Services LLC 401(k) match · 2025
Employer contribution per active participant$1,953
Median for plans this size$1,464
2025$1,953 per active participant
2024$1,184 per active participant
2023$1,912 per active participant
2022$611 per active participant

Flatland Energy Services LLC's 2025 employer contribution ran above the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20255
PPG RETIREMENT PLAN SERVICES · Contract administrator$16,201
EMPOWER ADVISORY GROUP · Investment management$1,602
MORGAN STANLEY SMITH BARNEY LLCindirect comp
MORGAN STANLEY INSURANCE SERVICESindirect comp

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

Administrative cost history4
2025$48,784 · 1.97%
2024$48,465 · 2.80%
2023$23,513 · 2.30%
2022$856 · 0.16%
Similar plansConstruction · Texas
R. K. Bass Electric, Inc. TX$2.9M · 0.80%
Homepro Operating, LLC TX$2.8M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 462390992 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.