Plan Ledger DOL Form 5500 · updated monthly

Panhandle Oilfield Service Companies, Inc.401(k)

PANHANDLE OILFIELD SERVICE COMPANIES, INC. 401K PROFIT SHARING PLAN · OKLAHOMA CITY, OK · plan year 2024

Reported admin expense ratio · 2024
1.23%

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

Panhandle Oilfield Service Companies, Inc. reported $19,241 in plan administrative expenses for 2024: 1.23% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,236 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 0.98% to 1.23%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Oklahoma (655th of 724), and 4,078th of 4,246 in wholesale trade. In 2024, employees put in $1.19 for every $1.00 the employer contributed; active participation has shrunk from 231 to 131 since 2022.

Plan summary
Net assets, end of year$1,669,377
Participants with balances89
Active participants131
Employer contributions$161,900
Employee contributions$192,452
Employer contribution per active participant$1,236
Average account balance$18,757
Benefits paid to participants$319,478
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.7M · 89 accts · $162K emplr
2023$1.5M · 151 accts · $86K emplr
2022$1.1M · 148 accts · $88K emplr
Administrative expenses, itemized · 2024
Investment management$19,241
Total administrative$19,241
The Panhandle Oilfield Service Companies, Inc. 401(k) match · 2024
Employer contribution per active participant$1,236
Median for plans this size$1,313
2024$1,236 per active participant
2023$505 per active participant
2022$380 per active participant

Panhandle Oilfield Service Companies, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. 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 · 20244
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$14,703
USI CONSULTING GROUP · Recordkeeping · Loan processing$4,102
MESIROW FINANCIAL, INC. · Investment advisory (plan)$303
USI SECURITIES, INC. · Insurance broker · Insurance servicesindirect comp

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

Recordkeeper by year2
2024Transamerica, USI Consulting
2023Transamerica, USI Consulting

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

Administrative cost history3
2024$19,241 · 1.23%
2023$12,905 · 1.01%
2022$12,057 · 0.98%
Same employer
Similar plansWholesale Trade · Oklahoma
Earnheart Oil Inc OK$3.0M · 1.01%
Fox Building Supply, Inc. OK$2.3M · 0.10%
Great Plains LLC OK$1.9M · 0.07%
A & D Supply of Okc , Inc OK$1.8M · 0.31%
Global Uprising, Pbc UT$1.7M · 2.24%
Childers Oil Co. KY$1.7M · 0.50%
Planet Aid, Inc. MA$1.7M · 1.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 481109486 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.