Plan Ledger DOL Form 5500 · updated monthly

Txo Energy Gp401(k)

MORNINGSTAR PARTNERS, L.P. EMPLOYEES' 401(K) PLAN · FORT WORTH, TX · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Txo Energy Gp reported $139,692 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $10,303 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 1 year on file its reported administrative ratio fell from 0.60% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is the 1,473rd-largest of 5,688 plans among Texas employers on file, and the 237th of 612 in mining, oil & gas extraction. In 2024, the employer put in $1.14 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$31,935,099
Participants with balances279
Active participants202
Employer contributions$2,081,115
Employee contributions$1,828,472
Employer contribution per active participant$10,303
Average account balance$114,463
Benefits paid to participants$3,310,403
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$31.9M · 279 accts · $2.1M emplr
2023$27.1M · 275 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,264
Investment management$98,428
Total administrative$139,692
The Txo Energy Gp 401(k) match · 2024
Employer contribution per active participant$10,303
Median for plans this size$2,416
2024$10,303 per active participant
2023$10,892 per active participant

Txo Energy Gp's 2024 employer contribution ran above the $2,416 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
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$98,428
ADP, INC. · Recordkeeping$41,263
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$139,692 · 0.47%
2023$140,836 · 0.60%
Same employer
Similar plansMining, Oil & Gas Extraction · Texas
Surge Operating, LLC TX$31.9M · 0.17%
Pason Systems USA Corp. TX$29.5M · 0.11%
Ecopetrol USA, Inc. TX$29.3M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 921065846 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.