Unit Corporation401(k)
UNIT CORPORATION EMPLOYEES' THRIFT PLAN · TULSA, OK · plan year 2022
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Unit Corporation reported $15,412 in plan administrative expenses for 2022: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,636 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 0.02% to 0.00%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is the 96th-largest of 724 plans among Oklahoma employers on file, and the 157th of 612 in mining, oil & gas extraction. In 2022, employees put in $1.92 for every $1.00 the employer contributed.
Unit Corporation's 2022 employer contribution ran below the $3,449 median for plans its size. 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 2022 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 731283193 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.