Plan Ledger DOL Form 5500 · updated monthly

Reliance Well Service Inc.401(k)

RELIANCE WELL SERVICE INC. 401K PLAN · MAGNOLIA, AR · plan year 2022

Employer contribution per participant · 2022
$2,373

Reliance Well Service Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $8,157,310 across 50 participant accounts, with employer contributions averaging $2,373 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is among the smaller plans on file in Arkansas (247th of 456), and 453rd of 612 in mining, oil & gas extraction. In 2022, employees put in $1.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,157,310
Participants with balances50
Active participants100
Employer contributions$237,276
Employee contributions$317,335
Employer contribution per active participant$2,373
Average account balance$163,146
Benefits paid to participants$862,479
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS & THOMAS CPAS PLLC
The Reliance Well Service Inc. 401(k) match · 2022
Employer contribution per active participant$2,373
Median for plans this size$1,114

Reliance Well Service Inc.'s 2022 employer contribution ran above the $1,114 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.

Similar plansMining, Oil & Gas Extraction · Arkansas
Almatis, Inc. AR$48.2M · 0.23%
Pv Fluid Products, Inc. TX$8.6M · 0.18%
Jerritt Canyon Gold LLC NV$8.0M · 0.54%
Electrasteel, Inc. CO$8.0M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 710712714 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.