Plan Ledger DOL Form 5500 · updated monthly

Geosouthern Energy Corporation401(k)

GEOSOUTHERN ENERGY CORPORATION 401(K) PLAN · THE WOODLANDS, TX · plan year 2024

Employer contribution per participant · 2024
$14,858

Geosouthern Energy Corporation's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $33,777,676 across 185 participant accounts, with employer contributions averaging $14,858 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.38% to 0.17%. 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 1,409th-largest of 5,688 plans among Texas employers on file, and the 229th of 612 in mining, oil & gas extraction. In 2024, the employer put in $1.05 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$33,777,676
Participants with balances185
Active participants146
Employer contributions$2,169,286
Employee contributions$2,063,182
Employer contribution per active participant$14,858
Average account balance$182,582
Benefits paid to participants$1,369,341
Plan auditUnmodified (clean) audit opinion
AuditorRMS US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$33.8M · 185 accts · $2.2M emplr
2023$27.5M · 190 accts · $1.9M emplr
2022$21.4M · 188 accts · $1.5M emplr
The Geosouthern Energy Corporation 401(k) match · 2024
Employer contribution per active participant$14,858
Median for plans this size$2,416
2024$14,858 per active participant
2023$13,088 per active participant
2022$10,548 per active participant

Geosouthern Energy Corporation's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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.

Service providers · 20243
MORGAN STANLEY · Investment advisory (plan)$40,000
EMPOWER ADVISORY GROUP, LLC · Investment management$22,264

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

Administrative cost history3
2024Not separately reported
2023$40,512 · 0.17%
2022$87,780 · 0.38%
Same employer
Similar plansMining, Oil & Gas Extraction · Texas
Seismic Exchange, Inc. TX$37.4M · 0.01%
Eco-Bat Technologies LTD. TX$37.0M · 0.02%
Rees-Jones Holdings LLC TX$35.1M · 0.32%
Txo Energy Gp TX$31.9M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742183300 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.