Plan Ledger DOL Form 5500 · updated monthly

Hep Services LLC401(k)

HOWARD ENERGY PARTNERS 401(K) PLAN · SAN ANTONIO, TX · plan year 2025

Reported admin expense ratio · 2025
0.20%

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

Hep Services LLC reported $97,551 in plan administrative expenses for 2025: 0.20% of average plan assets, below the peer median. Employer contributions averaged $5,365 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 0.10% to 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is the 1,004th-largest of 5,688 plans among Texas employers on file, and the 168th of 612 in mining, oil & gas extraction. In 2025, employees put in $1.79 for every $1.00 the employer contributed; active participation has grown from 327 to 456 since 2022.

Plan summary
Net assets, end of year$53,934,696
Participants with balances501
Active participants456
Employer contributions$2,446,468
Employee contributions$4,383,821
Employer contribution per active participant$5,365
Average account balance$107,654
Benefits paid to participants$4,606,443
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$53.9M · 501 accts · $2.4M emplr
2024$42.1M · 460 accts · $2.1M emplr
2023$31.5M · 418 accts · $2.0M emplr
2022$22.8M · 382 accts · $1.7M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$39,642
Investment management$57,909
Total administrative$97,551
The Hep Services LLC 401(k) match · 2025
Employer contribution per active participant$5,365
Median for plans this size$2,666
2025$5,365 per active participant
2024$5,286 per active participant
2023$5,503 per active participant
2022$5,223 per active participant

Hep Services LLC's 2025 employer contribution ran above the $2,666 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.

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 · 20252
LPL FINANCIAL LLC · Investment advisory (plan)$57,909
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$39,642

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$97,551 · 0.20%
2024$67,624 · 0.18%
2023$34,523 · 0.13%
2022$22,983 · 0.10%
Same employer
Similar plansMining, Oil & Gas Extraction · Texas
Innovex International, Inc. TX$63.5M · 0.25%
Nine Energy Service, LLC TX$59.7M · 0.27%
Propetro Services, Inc. TX$57.2M · 0.25%
Ecobat, LLC TX$56.6M · 0.06%
Callon Petroleum Company TX$53.2M · 0.14%
Encino Energy, LLC TX$52.7M · 0.06%
Crownquest Operating, L.L.C TX$51.7M · 0.18%
Csi Compressco Gp, LLC TX$51.1M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364855577 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.