Petroleum Experience, Inc.401(k)
PETROLEUM EXPERIENCE, INC. 401K PROFIT SHARING PLAN · WILLISTON, ND · plan year 2023
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Petroleum Experience, Inc. reported $95,274 in plan administrative expenses for 2023: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $7,168 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 0.50%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is the 121st-largest of 279 plans among North Dakota employers on file, and 313th of 612 in mining, oil & gas extraction. In 2023, employees put in $1.59 for every $1.00 the employer contributed; active participation has shrunk from 69 to 56 since 2022.
Petroleum Experience, Inc.'s 2023 employer contribution ran above the $2,440 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 450348856 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.