Retirement plan

AXIS ENERGY SERVICES 401(K) EMPLOYEE SAVINGS PLAN

Name: AXIS ENERGY ADMINISTRATION, LLC - AXIS ENERGY SERVICES 401(K) EMPLOYEE SAVINGS PLAN (2020) Form 5500
Creator: AXIS ENERGY ADMINISTRATION, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AXIS ENERGY SERVICES 401(K) EMPLOYEE SAVINGS PLAN, AXIS ENERGY ADMINISTRATION, LLC

AXIS ENERGY ADMINISTRATION, LLCEIN 83-1004542Plan #001PY 2020

199 CORPORATE RD - LONGVIEW, TX 75603903-643-3700

Prospect flagsHigh feesLow participationLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$3.9M

-8.9% from 2019

Total participants

352

-31.0% from 2019

Average account balance

$20,566

+30.9% from 2019

Annual return

14.87%

-149.82 pp from 2019

Benchmarks

See 270 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort270 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.79M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

284

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.

19.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+182.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$276

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 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Filed as: TRANSAMERICA RETIREMENT SOLUTIONS, Service code 15 · EIN 13-3689044	Recordkeeping	$27,321
NOVA 401(K) ASSOCIATES2+ years Service code 15 · EIN 20-1181458	Recordkeeping	$17,475
CALVETTI FERGUSON1 year Service code 10 · EIN 13-4255527	Accounting	$8,400
TMCE LLP2+ years Service code 10 · EIN 45-3564278	Accounting	$7,500

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H

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.
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

4 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$62K

$248 / participant

Contract admin$46K74.2%
Other / not subdivided$16K25.8%

% of EOY assets

1.558%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: TMCE, LLP
Auditor EIN: 453564278
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,566

$72,554-71.7%

$138,135-85.1%

$73,493-72.0%

Participation rate

35.5%

74.8%-39.4pp

78.7%-43.2pp

70.7%-35.2pp

Annual return

14.87%

17.50%-2.6pp

20.51%-5.6pp

28.51%-13.6pp

Employer contribution / active EE

$3,511-100.0%

$5,587-100.0%

$2,270-100.0%

Participant deferral / active EE

$2,301

$4,908-53.1%

$6,431-64.2%

$3,740-38.5%

Admin fee / account holder

$320

$464-31.0%

$11,856-97.3%

$513-37.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Filed as: TRANSAMERICA RETIREMENT SOLUTIONS,

Service code 15 · EIN 13-3689044

Recordkeeping

$27,321

NOVA 401(K) ASSOCIATES2+ years

Service code 15 · EIN 20-1181458

Recordkeeping

$17,475

CALVETTI FERGUSON1 year

Service code 10 · EIN 13-4255527

Accounting

$8,400

TMCE LLP2+ years

Service code 10 · EIN 45-3564278

Accounting

$7,500

AXIS ENERGY SERVICES 401(K) EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AXIS ENERGY SERVICES 401(K) EMPLOYEE SAVINGS 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