Plan Ledger DOL Form 5500 · updated monthly

Mmi Services, Inc.401(k)

MMI SERVICES, INC. 401(K) PROFIT SHARING PLAN · BAKERSFIELD, CA · plan year 2023

Employer contribution per participant · 2023
$1,691

Mmi Services, Inc.'s 2023 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 $3,468,571 across 226 participant accounts, with employer contributions averaging $1,691 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is among the smaller plans on file in California (7,623rd of 9,483), and 536th of 612 in mining, oil & gas extraction. In 2023, employees put in $1.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,468,571
Participants with balances226
Active participants210
Employer contributions$355,119
Employee contributions$486,292
Employer contribution per active participant$1,691
Average account balance$15,348
Benefits paid to participants$267,966
Plan auditUnmodified (clean) audit opinion
AuditorDANIELLS PHILLIPS VAUGHAN & BOCK
Plan history2
Yearassets · accounts · employer contribution
2023$3.5M · 226 accts · $355K emplr
2022$2.5M · 169 accts · $206K emplr
The Mmi Services, Inc. 401(k) match · 2023
Employer contribution per active participant$1,691
Median for plans this size$1,308
2023$1,691 per active participant
2022$1,175 per active participant

Mmi Services, Inc.'s 2023 employer contribution ran above the $1,308 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.

Service providers · 20234
PENSIONMARK FINANCIAL GROUP · Investment advisory (plan)$15,998
HICKS PENSION SERVICES · Contract administrator$1,800
EMPOWER ADVISORY GROUP, LLC · Investment management$441

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

Administrative cost history2
2023Not separately reported
2022Not separately reported
Same employer
Similar plansMining, Oil & Gas Extraction · California
Vaquero Energy Inc. CA$5.8M · 0.79%
Kenai Drilling Limited CA$4.2M · 0.98%
Robert Heely, Inc. CA$3.7M · 1.38%
Winco Development, LLC TX$3.5M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770024477 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.