Retirement plan

DAWSON GEOPHYSICAL COMPANY 401K PLAN

Name: DAWSON GEOPHYSICAL COMPANY - DAWSON GEOPHYSICAL COMPANY 401K PLAN (2024) Form 5500
Creator: DAWSON GEOPHYSICAL COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAWSON GEOPHYSICAL COMPANY 401K PLAN, DAWSON GEOPHYSICAL COMPANY

DAWSON GEOPHYSICAL COMPANYEIN 74-2095844Plan #002PY 2024

508 W WALL STE 800 - MIDLAND, TX 79701432-684-3000dawson3d.comLinkedIn1001-5000 employeesoil & energy

Prospect flagsLow returnsHigh feesLow participation

Top hat statement on fileNQDC

Filed February 1, 2013

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$22M

-13.2% from 2023

Total participants

362

-6.0% from 2023

Average account balance

$79,840

-6.9% from 2023

Annual return

8.88%

-3.57 pp from 2023

Benchmarks

See 269 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort269 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$21.96M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

275

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.

61.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.40M

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

+8.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$448

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

See the 8-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 5 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES6 years Filed as: RAYMOND JAMES FINANCIAL SVCS Service code 27 800 CARILON PKWY · ST PETERSBURG, FL 33716	Advisory (Plan)	$57,230
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$55,505
BOLINGER SEGARS GILBERT & MOSS LLP3 years Service code 10 8215 NASHVILLE AVE · LUBBOCK, TX 79423	Accounting	$10,500
PENTEC PENSION MANAGEMENT GROUP INC8+ years Service code 13 · EIN 75-2776689	Contract Administrator	$10,000
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INS CO OF AM Service code 64 · EIN 84-0467907	Recordkeeping Fees	$71

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$123K

$553 / participant

Investment mgmt$123K100.0%

% of EOY assets

0.562%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BOLINGER SEGARS GILBERT & MOSS LLP
Auditor EIN: 750882037
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,840

$79,700+0.2%

$153,485-48.0%

$74,495+7.2%

Participation rate

61.0%

69.8%-8.8pp

77.1%-16.1pp

67.2%-6.2pp

Annual return

8.88%

15.07%-6.2pp

15.65%-6.8pp

1364.94%-1356.1pp

Employer contribution / active EE

$2,540

$4,016-36.8%

$5,039-49.6%

$2,623-3.2%

Participant deferral / active EE

$3,726

$5,315-29.9%

$6,757-44.9%

$4,346-14.3%

Admin fee / account holder

$448

$1,790-74.9%

$12,724-96.5%

$1,942-76.9%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES6 years

Filed as: RAYMOND JAMES FINANCIAL SVCS

Service code 27

800 CARILON PKWY · ST PETERSBURG, FL 33716

Advisory (Plan)

$57,230

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$55,505

BOLINGER SEGARS GILBERT & MOSS LLP3 years

Service code 10

8215 NASHVILLE AVE · LUBBOCK, TX 79423

Accounting

$10,500

PENTEC PENSION MANAGEMENT GROUP INC8+ years

Service code 13 · EIN 75-2776689

Contract Administrator

$10,000

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INS CO OF AM

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$71

DAWSON GEOPHYSICAL COMPANY 401K PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAWSON GEOPHYSICAL COMPANY 401K PLAN

Top hat statement on fileNQDC

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