Workover Solutions401(k)
WORKOVER SOLUTIONS 401(K) PLAN · IMPERIAL, PA · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Workover Solutions reported $46,692 in plan administrative expenses for 2024: 0.82% of average plan assets, above the peer median. Employer contributions averaged $2,444 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 $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is among the smaller plans on file in Pennsylvania (2,696th of 3,651), and 481st of 612 in mining, oil & gas extraction. In 2024, employees put in $2.61 for every $1.00 the employer contributed.
Workover Solutions's 2024 employer contribution ran above the $1,313 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 462267569 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.