Plan Ledger DOL Form 5500 · updated monthly

Verdun Management Co LLC401(k)

VERDUN 401(K) RETIREMENT PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Verdun Management Co LLC reported $171,534 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $7,260 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.

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 702nd-largest of 5,688 plans among Texas employers on file, and the 122nd of 612 in mining, oil & gas extraction. In 2024, employees put in $1.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$89,558,342
Participants with balances453
Active participants223
Employer contributions$1,619,064
Employee contributions$2,115,830
Employer contribution per active participant$7,260
Average account balance$197,701
Benefits paid to participants$13,337,434
Plan auditUnmodified (clean) audit opinion
AuditorCROWE, LLP
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,270
Investment management$125,264
Total administrative$171,534
The Verdun Management Co LLC 401(k) match · 2024
Employer contribution per active participant$7,260
Median for plans this size$3,635

Verdun Management Co 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 · 20248
EMPOWER ADVISORY GROUP, LLC · Investment management$69,991
CROWE LLP · Accounting / audit$26,250
GALLAGHER BENEFIT SERVICES INC DBA · Investment advisory (plan)$20,000
SWBC INVESTMENT ADVISORY SERV LLC D · Investment advisory (plan)$9,024
INSPERITY RETIREMENT SERVICES$1,000
MERCER INVESTMENT CONSULTING INCindirect comp

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

Administrative cost history1
2024$171,534 · 0.20%
Same employer
Similar plansMining, Oil & Gas Extraction · Texas
Kodiak Gas Services, LLC TX$94.0M · 0.14%
Mrc Energy Company TX$92.9M · 0.14%
Sbm Offshore USA, Inc. TX$90.7M · 0.09%
W & T Offshore, Inc. TX$88.4M · 0.09%
Newpark Resources, Inc. TX$82.6M · 0.16%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 933865302 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.