Axis Energy Administration, LLC 401(k) Review & Grade
Axis Energy Services 401(k) Employee Savings Plan
Dallas, TXMining, Oil & Gas1,158 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$535Employer $ per active participant
$1,442Employee $ saved per active participant
0.75%Direct admin cost, % of plan assets
$15.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.6 / 503th percentile for employer $ per participant
- Low cost2.9 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving0.2 / 152th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 11th |
| Employee saving | 2th |
| Peers that auto-enroll | 60% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,153 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Axis Energy Administration put in about $535 per active participant, below the typical peer ($4,357). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.75% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $619,827 |
| Participant (employee) contributions | $1,669,345 |
| Other contributions (incl. rollovers in) | $1,055,654 |
| Administrative expenses paid from the plan | $78,434 |
| Contract administrator fees | $78,434 |
| Benefits paid out | $1,187,322 |
| Net assets, start / end of year | $5.2M / $15.8M |
| Active participants, start / end of year | 1,034 / 1,281 |
| Participants with account balances | 284 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Tmce, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $68,433 reported compensation |
| Tmce, LLP | $9,750 reported compensation |
| S B H U Life Agency Inc | $717 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006103331NAL0005861760001, received 2025-10-06, EIN 83-1004542, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.