Independence Energy Management, LLC 401(k) Review & Grade
Independence Energy Management, LLC 401(k) Plan
Houston, TXMining, Oil & Gas910 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,902Employer $ per active participant
$8,048Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$79.0MNet plan assets, end of year
$88,728Average balance per account
Score breakdown
- Employer generosity28.5 / 5057th percentile for employer $ per participant
- Low cost8.5 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1559th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 34th |
| Employee saving | 59th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Independence Energy Management put in about $4,902 per active participant, more than the typical peer ($4,357). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.36% 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.
- 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 | $4,458,421 |
| Participant (employee) contributions | $7,319,984 |
| Other contributions (incl. rollovers in) | $2,818,936 |
| Administrative expenses paid from the plan | $232,349 |
| Investment advisory & management fees | $121,889 |
| Benefits paid out | $9,368,026 |
| Net assets, start / end of year | $49.9M / $79.0M |
| Active participants, start / end of year | 935 / 884 |
| Participants with account balances | 890 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Russon + Johnston LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $110,460 reported compensation |
| Alliant Insurance Services Inc DBA | $81,904 reported compensation |
| Empower Advisory Group, LLC | $39,985 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014140646NAL0004192640001, received 2025-10-14, EIN 86-2772723, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.