Retirement plan

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

Name: AZTEC WELL SERVICING COMPANY, INC. - AZTEC WELL SERVICING CO., INC. 401K PROFIT SHARING PLAN (2022) 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. 401K PROFIT SHARING PLAN, AZTEC WELL SERVICING COMPANY, INC.

AZTEC WELL SERVICING COMPANY, INC.EIN 85-0165643Plan #001PY 2022

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

Prospect flagsLow participationLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.2M

-23.3% from 2021

Total participants

472

-1.3% from 2021

Average account balance

$24,241

-18.2% from 2021

Annual return

-14.31%

-26.58 pp from 2021

Benchmarks

See 274 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort274 peers

Snapshot2022

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY8+ years Service code 28 · EIN 26-4310844 4801 N. BUTLER · FARMINGTON, NM 87401	Investment Management	$44,541
PENSION ASSURANCE LLP8+ years Filed as: PENSION PLANNING CONSULTANTS, INC. Service code 11 · EIN 85-0402842 6201 UPTOWN BLVD. NE SUITE 100 · ALBUQUERQUE, NM 87110	Actuarial	$31,132
CHANDLER ASSET MANAGEMENT1 year Filed as: CHANDLER & CO., LLP Service code 10 · EIN 85-0336896 2900 N. HUTTON · FARMINGTON, NM 87402	Accounting	$17,882
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO. OF AM Service code 15 · EIN 84-0467907 8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111	Recordkeeping	$519
RELIANCE TRUST COMPANY8+ years Service code 19 · EIN 58-1428634 1100 ABERNATHY RD. SUITE 400 · ATLANTA, GA 303285634	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2H2J2K2T3D3H

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).
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$94K

$500 / participant

Investment mgmt$45K47.9%
Other / not subdivided$49K52.1%

% of EOY assets

1.027%

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

$24,241

$64,871-62.6%

$129,118-81.2%

$66,949-63.8%

Participation rate

50.0%

74.0%-24.0pp

77.2%-27.2pp

69.8%-19.8pp

Annual return

-14.31%

-12.21%-2.1pp

-10.94%-3.4pp

1.57%-15.9pp

Employer contribution / active EE

$3,741-100.0%

$5,051-100.0%

$2,545-100.0%

Participant deferral / active EE

$923

$5,090-81.9%

$6,539-85.9%

$4,239-78.2%

Admin fee / account holder

$249

$629-60.4%

$14,305-98.3%

$594-58.1%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY8+ years

Service code 28 · EIN 26-4310844

4801 N. BUTLER · FARMINGTON, NM 87401

Investment Management

$44,541

PENSION ASSURANCE LLP8+ years

Filed as: PENSION PLANNING CONSULTANTS, INC.

Service code 11 · EIN 85-0402842

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

Actuarial

$31,132

CHANDLER ASSET MANAGEMENT1 year

Filed as: CHANDLER & CO., LLP

Service code 10 · EIN 85-0336896

2900 N. HUTTON · FARMINGTON, NM 87402

Accounting

$17,882

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO. OF AM

Service code 15 · EIN 84-0467907

8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111

Recordkeeping

$519

RELIANCE TRUST COMPANY8+ years

Service code 19 · EIN 58-1428634

1100 ABERNATHY RD. SUITE 400 · ATLANTA, GA 303285634

Securities Custodian

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AZTEC WELL SERVICING CO., INC. 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