What are the fees in the Nichols Oil Tools 401(k) plan?

For plan year 2022, Nichols Oil Tools reported $87,637 in plan administrative expenses, or 1.12% of average plan assets — higher than ~90% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Nichols Oil Tools 401(k)?

The average participant account balance was $8,570 for plan year 2022, based on 824 accounts.

Nichols Oil Tools401(k)

Name: Nichols Oil Tools 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

AMERICAN WELL SERVICES 401(K) PLAN · MIDLAND, TX · plan year 2022

Reported admin expense ratio · 2022

1.12%

Nichols Oil Tools reported $87,637 in plan administrative expenses for 2022: 1.12% of average plan assets, higher than ~90% of peers. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is among the smaller plans on file in Texas (3,601st of 5,688), and 470th of 612 in mining, oil & gas extraction.

Plan summary
Net assets, end of year$7,061,511
Participants with balances824
Active participants810
Employer contributions—
Employee contributions$2,048,626
Employer contribution per active participant—
Average account balance$8,570
Benefits paid to participants$2,166,726
Plan auditUnmodified (clean) audit opinion
AuditorWHITLEY PENN LLP

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$62,976

Investment management$24,661

Total administrative$87,637

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$87,637 · 1.12%

Similar plansMining, Oil & Gas Extraction · Texas
Renegade Group, LLC TX$7.3M · 0.11%
Foxrock Ranch Holding Company, LLC TX$7.3M · 0.55%
Noram Drilling Company TX$7.3M · 0.08%
Petrofac, Inc. TX$7.1M · 0.14%
Bass Energy Services LLC TX$6.8M · 0.74%
Oil Patch Group, Inc. TX$6.6M · 1.03%
Compass Well Services LLC TX$6.4M · 0.09%
Strong Services L.P. TX$6.2M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461867678 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.