Retirement plan

AZTEC WELL SERVICING CO., INC. & SUBSIDIARIES 401K PROFIT SHARING PLAN

Name: AZTEC WELL SERVICING COMPANY, INC. - AZTEC WELL SERVICING CO., INC. & SUBSIDIARIES 401K PROFIT SHARING PLAN (2015) Form 5500
Creator: AZTEC WELL SERVICING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AZTEC WELL SERVICING CO., INC. & SUBSIDIARIES 401K PROFIT SHARING PLAN, AZTEC WELL SERVICING COMPANY, INC.

AZTEC WELL SERVICING COMPANY, INC.EIN 85-0165643Plan #001PY 2015

300 LEGION RD. - AZTEC, NM 874100100505-334-6194LinkedIn11-50 employeesoil & energy

Prospect flagsLow returnsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$12.3M

No prior year

Total participants

795

No prior year

Average account balance

$15,538

No prior year

Annual return

-2.61%

No prior year

Benchmarks

See 201 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants250-999

Cohort201 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.55M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

349

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.

41.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$411K

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

+8.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$369

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY1+ years Service code 28 · EIN 94-1671384 4801 N. BUTLER · FARMINGTON, NM 87401	Investment Management	$63,741
PENSION ASSURANCE LLP1+ years Filed as: PENSION PLANNING CONSULTANTS, INC. Service code 11 · EIN 85-0402842 6201 UPTOWN BLVD. NE SUITE 100 · ALBUQUERQUE, NM 87110	Actuarial	$35,024
CHANDLER ASSET MANAGEMENT1+ years Filed as: CHANDLER & CO. Service code 10 · EIN 85-0336896 2900 N. HUTTON · FARMINGTON, NM 87402	Accounting	$18,254
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASS MUTUAL RETIREMENT SERVICES, LL Service code 15 · EIN 26-1589907	Recordkeeping	$0
RELIANCE TRUST COMPANY1+ years Service code 19 · EIN 58-1428634	Securities Custodian	$0

Plan features & details

Pension benefit codes2A2E2F2H2J2K2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$117K

$380 / participant

Investment mgmt$64K54.5%
Other / not subdivided$53K45.5%

% of EOY assets

0.952%

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: CHANDLER & COMPANY, LLP
Auditor EIN: 850336896
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,538

$65,263-76.2%

$90,223-82.8%

$55,191-71.8%

Participation rate

98.7%

79.0%+19.7pp

69.2%+29.5pp

Annual return

-2.61%

2.81%-5.4pp

1.31%-3.9pp

10.78%-13.4pp

Employer contribution / active EE

$1,280

$4,153-69.2%

$4,378-70.8%

$1,899-32.6%

Participant deferral / active EE

$2,101

$5,564-62.2%

$5,792-63.7%

$3,046-31.0%

Admin fee / account holder

$148

$116+27.4%

$7,406-98.0%

$91+63.0%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1+ years

Service code 28 · EIN 94-1671384

4801 N. BUTLER · FARMINGTON, NM 87401

Investment Management

$63,741

PENSION ASSURANCE LLP1+ years

Filed as: PENSION PLANNING CONSULTANTS, INC.

Service code 11 · EIN 85-0402842

6201 UPTOWN BLVD. NE SUITE 100 · ALBUQUERQUE, NM 87110

Actuarial

$35,024

CHANDLER ASSET MANAGEMENT1+ years

Filed as: CHANDLER & CO.

Service code 10 · EIN 85-0336896

2900 N. HUTTON · FARMINGTON, NM 87402

Accounting

$18,254

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASS MUTUAL RETIREMENT SERVICES, LL

Service code 15 · EIN 26-1589907

Recordkeeping

RELIANCE TRUST COMPANY1+ years

Service code 19 · EIN 58-1428634

Securities Custodian

AZTEC WELL SERVICING CO., INC. & SUBSIDIARIES 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AZTEC WELL SERVICING CO., INC. & SUBSIDIARIES 401K PROFIT SHARING 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