Truitt Oilfield Maintenance Corporation401(k)
TRUITT OILFIELD MAINTENANCE CORP. 401(K) PLAN · BAKERSFIELD, CA · plan year 2019
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Truitt Oilfield Maintenance Corporation reported $37,198 in plan administrative expenses for 2019: 1.54% of average plan assets, higher than ~90% of peers. Employer contributions averaged $0 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 4 years on file its reported administrative ratio rose from 1.29% to 2.42%. The plan sits in the $1M–$10M size bracket, benchmarked here against 238 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is among the smaller plans on file in California (8,035th of 9,483), and 551st of 612 in mining, oil & gas extraction. active participation has grown from 71 to 133 since 2018.
Truitt Oilfield Maintenance Corporation's 2019 employer contribution ran below the $892 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.
Annual cost at the plan's reported 2019 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 953558915 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.