Plan Ledger DOL Form 5500 · updated monthly

Key Energy Services, Inc.401(k)

KEY ENERGY SERVICES 401(K) SAVINGS AND RETIREMENT PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Key Energy Services, Inc. reported $159,000 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. Employer contributions averaged $2,257 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 fell from 0.22% to 0.17%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is the 653rd-largest of 5,688 plans among Texas employers on file, and the 112th of 612 in mining, oil & gas extraction. In 2024, employees put in $1.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$99,944,057
Participants with balances1,556
Active participants1,438
Employer contributions$3,245,230
Employee contributions$5,619,825
Employer contribution per active participant$2,257
Average account balance$64,231
Benefits paid to participants$13,148,822
Plan auditUnmodified (clean) audit opinion
AuditorCMMS CPA & ADVISORS PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$99.9M · 1,556 accts · $3.2M emplr
2023$92.4M · 1,556 accts · $2.3M emplr
2022$91.0M · 1,721 accts · $644K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$84,094
Investment management$74,875
Total administrative$159,000
The Key Energy Services, Inc. 401(k) match · 2024
Employer contribution per active participant$2,257
Median for plans this size$3,635
2024$2,257 per active participant
2023$1,765 per active participant
2022$461 per active participant

Key Energy Services, Inc.'s 2024 employer contribution ran below the $3,635 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
ALLIANCEBERNSTEIN LP · Investment advisory (plan)$74,875

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$159,000 · 0.17%
2023$135,761 · 0.15%
2022$227,870 · 0.22%
Same employer
Similar plansMining, Oil & Gas Extraction · Texas
Kosmos Energy, LLC TX$111.6M · 0.00%
Profrac Holdings II, LLC TX$103.9M · 0.31%
Citation Oil & Gas Corp. TX$99.9M · 0.22%
Parker Drilling Company TX$96.5M · 0.07%
Kodiak Gas Services, LLC TX$94.0M · 0.14%
Mrc Energy Company TX$92.9M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042648081 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.