Plan Ledger DOL Form 5500 · updated monthly

Mulholland Energy Services, LLC401(k)

MULHOLLAND 401(K) PLAN · MIDLAND, TX · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Mulholland Energy Services, LLC reported $13,738 in plan administrative expenses for 2024: 0.48% of average plan assets, below the peer median. Employer contributions averaged $446 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 0.37% to 0.48%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other utilities employers. By assets it is among the smaller plans on file in Texas (4,524th of 5,688), and 386th of 412 in utilities. In 2024, employees put in $1.73 for every $1.00 the employer contributed; active participation has grown from 666 to 893 since 2022.

Plan summary
Net assets, end of year$3,211,540
Participants with balances131
Active participants893
Employer contributions$398,342
Employee contributions$690,391
Employer contribution per active participant$446
Average account balance$24,516
Benefits paid to participants$874,421
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 131 accts · $398K emplr
2023$2.6M · 116 accts · $408K emplr
2022$1.8M · 121 accts · $344K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,738
Total administrative$13,738
The Mulholland Energy Services, LLC 401(k) match · 2024
Employer contribution per active participant$446
Median for plans this size$1,313
2024$446 per active participant
2023$530 per active participant
2022$517 per active participant

Mulholland Energy Services, LLC's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$13,737
NORTHWESTERN MUTUAL INVESTMENT SERV · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$13,738 · 0.48%
2023$9,145 · 0.42%
2022$7,071 · 0.37%
Same employer
Similar plansUtilities · Texas
Waterfleet, LLC TX$4.7M · 1.39%
Xri Services Co., LLC TX$4.5M · 0.33%
Axis Power LLC TX$3.3M · 1.23%
Clearwater Utilities TX$2.3M · 0.01%
Spruce Power TX$1.9M · 0.66%
Signature Solar, LLC TX$1.5M · 0.38%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 463793511 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.