Plan Ledger DOL Form 5500 · updated monthly

Nine Energy Service, LLC401(k)

NINE ENERGY SERVICE 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Nine Energy Service, LLC reported $148,844 in plan administrative expenses for 2024: 0.27% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,962 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 3 years on file its reported administrative ratio has held roughly steady near 0.268%. 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 938th-largest of 5,688 plans among Texas employers on file, and the 158th of 612 in mining, oil & gas extraction. In 2024, employees put in $2.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$59,666,355
Participants with balances883
Active participants1,077
Employer contributions$2,113,101
Employee contributions$4,343,279
Employer contribution per active participant$1,962
Average account balance$67,572
Benefits paid to participants$6,161,084
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$59.7M · 883 accts · $2.1M emplr
2023$51.2M · 948 accts · $2.0M emplr
2022$40.6M · 907 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$85,402
Investment management$63,442
Total administrative$148,844
The Nine Energy Service, LLC 401(k) match · 2024
Employer contribution per active participant$1,962
Median for plans this size$3,635
2024$1,962 per active participant
2023$1,779 per active participant

Nine Energy Service, LLC's 2024 employer contribution ran below the $3,635 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$85,402
REGIONS BANK · Investment advisory (plan)$41,212
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$22,229

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$148,844 · 0.27%
2023$123,580 · 0.27%
2022$121,250 · 0.27%
Same employer
Similar plansMining, Oil & Gas Extraction · Texas
Arena Energy, LLC TX$70.0M · 0.03%
Cnooc Petroleum U.S.A. Inc. TX$67.0M · 0.04%
Innovex International, Inc. TX$63.5M · 0.25%
Propetro Services, Inc. TX$57.2M · 0.25%
Ecobat, LLC TX$56.6M · 0.06%
Hep Services LLC TX$53.9M · 0.20%
Callon Petroleum Company TX$53.2M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371740603 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.