Plan Ledger DOL Form 5500 · updated monthly

Saexploration Inc.401(k)

SAEXPLORATION 401(K) PLAN · STAFFORD, TX · plan year 2024

Reported admin expense ratio · 2024
0.87%

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

Saexploration Inc. reported $37,945 in plan administrative expenses for 2024: 0.87% of average plan assets, higher than ~75% of peers. Employer contributions averaged $69 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 0.87%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Texas (4,130th of 5,688), and 9,892nd of 11,654 in professional & technical services. In 2024, employees put in $68.24 for every $1.00 the employer contributed; active participation has grown from 93 to 109 since 2022.

Plan summary
Net assets, end of year$4,748,204
Participants with balances415
Active participants109
Employer contributions$7,544
Employee contributions$514,768
Employer contribution per active participant$69
Average account balance$11,441
Benefits paid to participants$265,971
Plan auditUnmodified (clean) audit opinion
AuditorHAM, LANGSTON & BREZINA, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.7M · 415 accts · $8K emplr
2023$4.0M · 347 accts · $6K emplr
2022$3.2M · 304 accts · $3K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,805
Investment management$13,140
Total administrative$37,945
The Saexploration Inc. 401(k) match · 2024
Employer contribution per active participant$69
Median for plans this size$1,313
2024$69 per active participant
2023$43 per active participant
2022$29 per active participant

Saexploration Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20243
STRATEGIC BENEFITS ADVISORS, INC. · Investment advisory (plan)$12,618
EMPOWER ADVISORY GROUP, LLC · Investment management$522

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

Administrative cost history3
2024$37,945 · 0.87%
2023$30,393 · 0.85%
2022$34,778 · 0.91%
Same employer
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Shipwell, Inc. TX$4.8M · 0.19%
Voltaire Health, LLC TX$4.7M · 1.13%
Surgical Notes Mdp LP TX$4.7M · 1.39%
Silotech Group, Inc. TX$4.7M · 0.60%
Scaleworks, Inc. TX$4.6M · 0.51%
Wegman Capital LLC TX$4.5M · 0.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452959022 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.