Performance Energy Services LLC 401(k) Review & Grade
Performance Energy Services LLC 401(k) Plan & Trust
Gray, LAMining, Oil & Gas780 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$715Employer $ per active participant
$1,428Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$9.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.5 / 507th percentile for employer $ per participant
- Low cost14.2 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving0.1 / 151th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score21 / 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 | 7th |
| Lower admin cost | 57th |
| Employee saving | 1th |
| 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
- Performance Energy Services put in about $715 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $557,046 |
| Participant (employee) contributions | $1,113,344 |
| Other contributions (incl. rollovers in) | $1,106,058 |
| Administrative expenses paid from the plan | $17,880 |
| Investment advisory & management fees | $3,522 |
| Benefits paid out | $377,649 |
| Net assets, start / end of year | $0 / $9.7M |
| Active participants, start / end of year | 769 / 790 |
| Participants with account balances | 291 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wegmann Dazet |
Largest service providers (Schedule C)
| Adp, Inc. | $14,357 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015114515NAL0002237395001, received 2025-10-15, EIN 72-1477905, plan #001, plan year 2024-05-01 to 2024-12-31. Verify at efast.dol.gov.