Plan Ledger DOL Form 5500 · updated monthly

Paloma Pressure Control LLC401(k)

PALOMA PRESSURE CONTROL, LLC · MIDLAND, TX · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Paloma Pressure Control LLC reported $18,997 in plan administrative expenses for 2024: 0.70% of average plan assets, above the peer median. Employer contributions averaged $2,322 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 0.63% to 0.70%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Texas (4,544th of 5,688), and 4,302nd of 5,215 in retail trade. In 2024, employees put in $1.47 for every $1.00 the employer contributed; active participation has shrunk from 366 to 224 since 2022.

Plan summary
Net assets, end of year$3,149,968
Participants with balances122
Active participants224
Employer contributions$520,104
Employee contributions$766,678
Employer contribution per active participant$2,322
Average account balance$25,819
Benefits paid to participants$833,977
Plan auditUnmodified (clean) audit opinion
AuditorABIP PC
Plan history3
Yearassets · accounts · employer contribution
2024$3.1M · 122 accts · $520K emplr
2023$2.3M · 133 accts · $593K emplr
2022$1.1M · 132 accts · $503K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,965
Investment management$32
Total administrative$18,997
The Paloma Pressure Control LLC 401(k) match · 2024
Employer contribution per active participant$2,322
Median for plans this size$1,313
2024$2,322 per active participant
2023$2,389 per active participant
2022$1,373 per active participant

Paloma Pressure Control LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$18,996

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$18,997 · 0.70%
2023$16,957 · 1.00%
2022$7,093 · 0.63%
Same employer
Similar plansRetail Trade · Texas
US Expediters, LLC TX$3.3M · 0.21%
Cal's Convenience, Inc. TX$3.3M · 0.76%
Aries Freight Systems LP TX$3.2M · 0.72%
Stephen Joseph, Inc. TX$3.2M · 0.81%
Quality Implement Company TX$3.0M · 0.51%
Fleco Industries, Inc. TX$3.0M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 861590129 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.