Plan Ledger DOL Form 5500 · updated monthly

Talos Energy Operating Company LLC401(k)

TALOS ENERGY 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Talos Energy Operating Company LLC reported $157,646 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $8,514 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 2 years on file its reported administrative ratio fell from 0.17% to 0.12%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is the 434th-largest of 5,688 plans among Texas employers on file, and the 79th of 612 in mining, oil & gas extraction. In 2024, employees put in $1.49 for every $1.00 the employer contributed; active participation has grown from 428 to 691 since 2022.

Plan summary
Net assets, end of year$172,189,954
Participants with balances913
Active participants691
Employer contributions$5,883,427
Employee contributions$8,750,346
Employer contribution per active participant$8,514
Average account balance$188,598
Benefits paid to participants$23,848,364
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$172.2M · 913 accts · $5.9M emplr
2023$98.3M · 644 accts · $4.7M emplr
2022$71.3M · 506 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,216
Investment management$96,430
Total administrative$157,646
The Talos Energy Operating Company LLC 401(k) match · 2024
Employer contribution per active participant$8,514
Median for plans this size$3,635
2024$8,514 per active participant
2023$8,052 per active participant
2022$5,569 per active participant

Talos Energy Operating Company LLC's 2024 employer contribution ran above the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$61,689
LPL FINANCIAL LLC · Investment advisory (plan)$60,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$36,430

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$157,646 · 0.12%
2023$132,526 · 0.16%
2022$131,548 · 0.17%
Same employer
Similar plansMining, Oil & Gas Extraction · Texas
Denbury Inc. TX$207.4M · 0.04%
Genesis Energy, LLC TX$184.7M · 0.06%
Frank's International, LLC TX$179.1M · 0.08%
Seadrill Americas Inc. TX$146.6M · 0.00%
Select Water Solutions, Inc. TX$126.2M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 900791480 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.