Unit Corporation 401(k) Review & Grade
Unit Corporation Employees' Thrift Plan
Tulsa, OKMining, Oil & Gas568 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,046Employer $ per active participant
$3,740Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$56.2MNet plan assets, end of year
$74,505Average balance per account
Score breakdown
- Employer generosity10.2 / 5020th percentile for employer $ per participant
- Low cost24.9 / 25100th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 100th |
| Employee saving | 12th |
| 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
- Unit put in about $2,046 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 | $1,163,140 |
| Participant (employee) contributions | $2,126,370 |
| Other contributions (incl. rollovers in) | $15,294 |
| Administrative expenses paid from the plan | $800 |
| Benefits paid out | $10,868,915 |
| Net assets, start / end of year | $57.1M / $56.2M |
| Active participants, start / end of year | 492 / 645 |
| Participants with account balances | 754 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Grant Thornton |
| Employer stock held by plan | $60,316 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | −$13,845 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015102956NAL0005960608001, received 2025-10-15, EIN 73-1283193, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.