Plan Ledger DOL Form 5500 · updated monthly

Madison Energy Solutions Corporation401(k)

MADISON ENERGY SOLUTIONS 401(K) PLAN · STAFFORD, TX · plan year 2024

Reported admin expense ratio · 2024
1.11%

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

Madison Energy Solutions Corporation reported $81,735 in plan administrative expenses for 2024: 1.11% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,517 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 1.35% to 1.11%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is among the smaller plans on file in Texas (3,445th of 5,688), and 458th of 612 in mining, oil & gas extraction. In 2024, employees put in $1.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,718,245
Participants with balances171
Active participants103
Employer contributions$465,263
Employee contributions$678,682
Employer contribution per active participant$4,517
Average account balance$45,136
Benefits paid to participants$1,335,698
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 171 accts · $465K emplr
2023$7.0M · 101 accts · $289K emplr
2022$6.0M · 108 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,125
Investment management$52,610
Total administrative$81,735
The Madison Energy Solutions Corporation 401(k) match · 2024
Employer contribution per active participant$4,517
Median for plans this size$1,313
2024$4,517 per active participant
2023$3,106 per active participant

Madison Energy Solutions Corporation's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$41,877
EMPOWER ADVISORY GROUP, LLC · Investment management$10,733

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$81,735 · 1.11%
2023$67,771 · 1.04%
2022$88,586 · 1.35%
Same employer
Similar plansMining, Oil & Gas Extraction · Texas
Eastham Enterprises TX$8.6M · 0.47%
Pv Fluid Products, Inc. TX$8.6M · 0.18%
Estis Compression, LLC TX$7.9M · 1.33%
Bj Energy Solutions, LLC TX$7.5M · 1.13%
Renegade Group, LLC TX$7.3M · 0.11%
Noram Drilling Company TX$7.3M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 821975472 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.