Retirement plan

FLATLAND ENERGY SERVICES LLC 401(K) PLAN

Name: FLATLAND ENERGY SERVICES LLC - FLATLAND ENERGY SERVICES LLC 401(K) PLAN (2025) Form 5500
Creator: FLATLAND ENERGY SERVICES LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLATLAND ENERGY SERVICES LLC 401(K) PLAN, FLATLAND ENERGY SERVICES LLC

FLATLAND ENERGY SERVICES LLCEIN 46-2390992Plan #001PY 2025

508 W. WALL STREET, SUITE 900 - MIDLAND, TX 79701432-701-1332flatlandenergy.comLinkedIn1-10 employeesoil & energy

Prospect flagsHigh retiree %Low assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$3M

+52.3% from 2024

Total participants

273

-19.9% from 2024

Average account balance

$11,112

+62.5% from 2024

Annual return

20.95%

+8.90 pp from 2024

Benchmarks

See 1,499 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort1,499 peers

Snapshot2025

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$2.99M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$11K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

269

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+20.95%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$181

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$29,996
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 55 1 NEW YORK PLZ · NEW YORK, NY 10004	Other Commissions	$17,553
EPIC RETIREMENT PLAN SERVICES3 years Filed as: PPG RETIREMENT PLAN SERVICES Service code 13 5117 GREEN BAY ROAD · KENOSHA, WI 531443737	Contract Administrator	$17,373
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENVILLE, CO 80111	Investment Management	$1,602
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY INSURANCE COMPANY Service code 55	Other Commissions	$96
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY INSURANCE SERVICES Service code 55 1 NEW YORK PLZ 12TH FLOOR · NEW YORK, NY 10004	Other Commissions	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H2T2S2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$49K

$244 / participant

Recordkeeping$49K100.0%

% of EOY assets

1.632%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: VRAKAS S.C.
Auditor EIN: 391453055
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,112

$83,369-86.7%

$105,223-89.4%

$67,986-83.7%

Participation rate

98.0%

56.3%+41.7pp

75.0%+23.0pp

57.2%+40.8pp

Annual return

20.95%

24.64%-3.7pp

180.65%-159.7pp

31.67%-10.7pp

Employer contribution / active EE

$1,953

$2,541-23.1%

$3,689-47.1%

$2,019-3.3%

Participant deferral / active EE

$3,977

$3,295+20.7%

$5,072-21.6%

$3,358+18.4%

Admin fee / account holder

$181

$4,073-95.5%

$8,859-98.0%

$3,203-94.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$29,996

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 55

1 NEW YORK PLZ · NEW YORK, NY 10004

Other Commissions

$17,553

EPIC RETIREMENT PLAN SERVICES3 years

Filed as: PPG RETIREMENT PLAN SERVICES

Service code 13

5117 GREEN BAY ROAD · KENOSHA, WI 531443737

Contract Administrator

$17,373

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENVILLE, CO 80111

Investment Management

$1,602

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY INSURANCE COMPANY

Service code 55

Other Commissions

$96

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY INSURANCE SERVICES

Service code 55

1 NEW YORK PLZ 12TH FLOOR · NEW YORK, NY 10004

Other Commissions

FLATLAND ENERGY SERVICES LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLATLAND ENERGY SERVICES LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion