Plan Ledger DOL Form 5500 · updated monthly

W & T Offshore, Inc.401(k)

W & T OFFSHORE, INC. 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

W & T Offshore, Inc. reported $79,149 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $8,118 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 rose from 0.03% to 0.09%. 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 709th-largest of 5,688 plans among Texas employers on file, and the 126th of 612 in mining, oil & gas extraction. In 2024, employees put in $1.47 for every $1.00 the employer contributed; active participation has grown from 363 to 405 since 2022.

Plan summary
Net assets, end of year$88,358,004
Participants with balances514
Active participants405
Employer contributions$3,287,818
Employee contributions$4,842,214
Employer contribution per active participant$8,118
Average account balance$171,903
Benefits paid to participants$10,551,691
Plan auditUnmodified (clean) audit opinion
AuditorRYAN MANN
Plan history3
Yearassets · accounts · employer contribution
2024$88.4M · 514 accts · $3.3M emplr
2023$78.4M · 505 accts · $2.9M emplr
2022$68.9M · 465 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,398
Investment management$27,751
Total administrative$79,149
The W & T Offshore, Inc. 401(k) match · 2024
Employer contribution per active participant$8,118
Median for plans this size$3,635
2024$8,118 per active participant
2023$7,355 per active participant
2022$6,472 per active participant

W & T Offshore, Inc.'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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$51,398
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$27,751

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$79,149 · 0.09%
2023$18,666 · 0.03%
2022$21,214 · 0.03%
Same employer
Similar plansMining, Oil & Gas Extraction · Texas
Mrc Energy Company TX$92.9M · 0.14%
Sbm Offshore USA, Inc. TX$90.7M · 0.09%
Verdun Management Co LLC TX$89.6M · 0.20%
Newpark Resources, Inc. TX$82.6M · 0.16%
Fasken Oil and Ranch, LTD. TX$82.5M · 0.02%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 721121985 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.