What are the fees in the Sewco 401(k) plan?

For plan year 2022, Sewco reported $13,150 in plan administrative expenses, or 1.67% of average plan assets — higher than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Sewco 401(k)?

The average participant account balance was $6,359 for plan year 2022, based on 95 accounts.

Sewco401(k)

Name: Sewco 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

SWECO 401(K) PLAN · MIDLAND, TX · plan year 2022

Reported admin expense ratio · 2022

1.67%

Sewco reported $13,150 in plan administrative expenses for 2022: 1.67% of average plan assets, higher than ~75% of peers. 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is among the smaller plans on file in Texas (5,409th of 5,688), and 602nd of 612 in mining, oil & gas extraction.

Plan summary
Net assets, end of year$604,104
Participants with balances95
Active participants45
Employer contributions—
Employee contributions$176,006
Employer contribution per active participant—
Average account balance$6,359
Benefits paid to participants$349,446
Plan auditUnmodified (clean) audit opinion
AuditorHAYNIE & COMPANY

What these fees cost you

Your balance

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 history1

2022$13,150 · 1.67%

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Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 260230713 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.