Plan Ledger DOL Form 5500 · updated monthly

Western Mesquite Mines, Inc.401(k)

EQUINOX GOLD CORP., U.S. OPS 401(K) PLAN · BRAWLEY, CA · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Western Mesquite Mines, Inc. reported $179,768 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $5,505 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 0.38% to 0.45%. 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 2,001st-largest of 9,483 plans among California employers on file, and the 196th of 612 in mining, oil & gas extraction. In 2024, employees put in $1.40 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$43,172,834
Participants with balances411
Active participants339
Employer contributions$1,866,063
Employee contributions$2,611,113
Employer contribution per active participant$5,505
Average account balance$105,043
Benefits paid to participants$3,795,249
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$43.2M · 411 accts · $1.9M emplr
2023$37.4M · 399 accts · $1.8M emplr
2022$32.0M · 418 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$179,768
Total administrative$179,768
The Western Mesquite Mines, Inc. 401(k) match · 2024
Employer contribution per active participant$5,505
Median for plans this size$2,416
2024$5,505 per active participant
2023$5,346 per active participant
2022$5,311 per active participant

Western Mesquite Mines, Inc.'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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping$11,022
EDWARD D JONES & CO LP · Investment advisory (participants)$72,606
WILSHIRE ASSOCIATES INC · Investment advisory (participants)$8,067

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$179,768 · 0.45%
2023$152,546 · 0.44%
2022$127,960 · 0.38%
Same employer
Similar plansMining, Oil & Gas Extraction · California
Crc Services, LLC CA$501.4M · 0.06%
Aera Energy Services Company CA$466.0M · 0.09%
M H Whittier Corporation CA$108.2M · 0.00%
Signal Hill Petroleum, Inc. CA$27.6M · 0.23%
P.W. Gillibrand Co., Inc. CA$25.2M · 0.31%
Oil Well Service Co. CA$22.1M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200311759 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.