Plan Ledger DOL Form 5500 · updated monthly

Odessa Enterprises Inc401(k)

OEI 401(K) PLAN · EL PASO, TX · plan year 2023

Reported admin expense ratio · 2023
1.75%

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

Odessa Enterprises Inc reported $24,426 in plan administrative expenses for 2023: 1.75% of average plan assets, higher than ~90% of peers. Employer contributions averaged $615 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 1 year on file its reported administrative ratio rose from 1.41% to 1.75%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Texas (5,084th of 5,688), and 1,561st of 2,240 in accommodation & food services. In 2023, employees put in $1.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,541,348
Participants with balances232
Active participants225
Employer contributions$138,456
Employee contributions$191,919
Employer contribution per active participant$615
Average account balance$6,644
Benefits paid to participants$227,699
Plan auditUnmodified (clean) audit opinion
AuditorLAUTERBACH BORSCHOW
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $10K emplr
2023$1.5M · 232 accts · $138K emplr
2022$1.2M · 229 accts · $132K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$24,426
Total administrative$24,426
The Odessa Enterprises Inc 401(k) match · 2023
Employer contribution per active participant$615
Median for plans this size$1,308
2023$615 per active participant
2022$555 per active participant

Odessa Enterprises Inc's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$24,426
LINCOLN FINANCIAL ADVISORS CORPORAT · Other servicesindirect 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
2024Not separately reported
2023$24,426 · 1.75%
2022$17,364 · 1.41%
Similar plansAccommodation & Food Services · Texas
Dkt Investments, LTD. TX$1.7M · 0.21%
Tasty Chickn, LLC TX$1.6M · 5.26%
Pinthouse Pizza, LLC TX$1.6M · 1.51%
San Antonio Wings, Inc. TX$1.5M · 0.17%
Leon Springs Gas, LLC TX$1.5M · 0.47%
Magnolia Lodging, LLC TX$1.5M · 1.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742431981 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.