Plan Ledger DOL Form 5500 · updated monthly

Quarternorth Energy LLC401(k)

QUARTERNORTH ENERGY 401(K) PLAN · HOUSTON, TX · plan year 2022

Reported admin expense ratio · 2022
0.17%

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

Quarternorth Energy LLC reported $161,635 in plan administrative expenses for 2022: 0.17% of average plan assets, above the peer median. Employer contributions averaged $8,931 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 fell from 0.17% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is the 750th-largest of 5,688 plans among Texas employers on file, and the 133rd of 612 in mining, oil & gas extraction. In 2022, employees put in $1.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$81,913,043
Participants with balances549
Active participants458
Employer contributions$4,090,499
Employee contributions$6,244,308
Employer contribution per active participant$8,931
Average account balance$149,204
Benefits paid to participants$18,110,218
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $1.4M emplr
2023$75.8M · 388 accts · $2.6M emplr
2022$81.9M · 549 accts · $4.1M emplr
The Quarternorth Energy LLC 401(k) match · 2022
Employer contribution per active participant$8,931
Median for plans this size$3,449
2023$12,341 per active participant
2022$8,931 per active participant

Quarternorth Energy LLC's 2022 employer contribution ran above the $3,449 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024Not separately reported
2023$111,262 · 0.14%
2022$161,635 · 0.17%
Same employer
Similar plansMining, Oil & Gas Extraction · Texas
Newpark Resources, Inc. TX$82.6M · 0.16%
Fasken Oil and Ranch, LTD. TX$82.5M · 0.02%
Ep Energy Global, LLC TX$82.4M · 0.17%
Texas United Corporation TX$80.8M · 0.11%
Ranger Energy Services, LLC TX$75.5M · 0.60%
Cnooc Energy U.S.A. LLC TX$73.9M · 0.02%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 871153411 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.