Talos Energy Operating Company LLC 401(k) Review & Grade
Talos Energy 401(k) Plan
Houston, TXMining, Oil & Gas640 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$9,193Employer $ per active participant
$13,672Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$172.2MNet plan assets, end of year
$188,598Average balance per account
Score breakdown
- Employer generosity40.2 / 5080th percentile for employer $ per participant
- Low cost17.6 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving14.1 / 1594th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 70th |
| Employee saving | 94th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,219 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Talos Energy Operating Company put in about $9,193 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.
- 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 | $5,883,427 |
| Participant (employee) contributions | $8,750,346 |
| Other contributions (incl. rollovers in) | $1,909,518 |
| Administrative expenses paid from the plan | $157,646 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $96,430 |
| Benefits paid out | $23,848,364 |
| Net assets, start / end of year | $98.3M / $172.2M |
| Active participants, start / end of year | 589 / 691 |
| Participants with account balances | 913 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Weaver & Tidwell, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $61,689 reported compensation |
| LPL Financial LLC | $60,000 reported compensation |
| Strategic Advisors, Inc. | $36,430 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251011130327NAL0004766691001, received 2025-10-11, EIN 90-0791480, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.