Plan Ledger DOL Form 5500 · updated monthly

Hilltop Basic Resources, Inc401(k)

HILLTOP BASIC RESOURCES, INC. 401(K) RETIREMENT SAVINGS PLAN · COVINGTON, KY · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Hilltop Basic Resources, Inc reported $60,775 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $3,729 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 0.34% to 0.37%. 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 340th-largest of 871 plans among Kentucky employers on file, and 336th of 612 in mining, oil & gas extraction. In 2024, employees put in $1.56 for every $1.00 the employer contributed; active participation has shrunk from 154 to 128 since 2022.

Plan summary
Net assets, end of year$16,753,699
Participants with balances160
Active participants128
Employer contributions$477,333
Employee contributions$742,859
Employer contribution per active participant$3,729
Average account balance$104,711
Benefits paid to participants$2,264,859
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.8M · 160 accts · $477K emplr
2023$15.9M · 218 accts · $490K emplr
2022$13.6M · 183 accts · $504K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,475
Investment management$23,300
Total administrative$60,775
The Hilltop Basic Resources, Inc 401(k) match · 2024
Employer contribution per active participant$3,729
Median for plans this size$2,416
2024$3,729 per active participant
2023$3,242 per active participant
2022$3,270 per active participant

Hilltop Basic Resources, Inc'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 · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$23,300

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$60,775 · 0.37%
2023$51,419 · 0.35%
2022$49,830 · 0.34%
Same employer
Similar plansMining, Oil & Gas Extraction · Kentucky
Iron Senergy, LLC KY$40.8M · 0.04%
Ramaco Resources, Inc. KY$38.6M · 1.12%
Haydon Holdings, LLC KY$24.2M · 0.37%
Minova USA Inc. KY$19.4M · 0.39%
Phoenix Coal Holdings, LLC KY$11.8M · 0.40%
Liter's, Inc. KY$6.4M · 1.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310952894 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.