Plan Snapshot
- Plan Sponsor: Dawson Geophysical Company
- Sponsor EIN: 742095844
- Sponsor Address: 508 W WALL STE 800, MIDLAND, TX, 79701
- Plan Type: 401(k)
- Total Participants: 223
- Total Assets: $22.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 223 | $22.0M | $566,332 | $830,897 |
| 2023 | 239 | $25.3M | $640,903 | $912,324 |
| 2022 | 186 | $22.9M | $536,860 | $753,276 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| RAYMOND JAMES FINANCIAL SVCS | Other Service Provider | $57,230 | — | $57,230 |
| EMPOWER ADVISORY GROUP LLC | Other Service Provider | $55,505 | — | $55,505 |
| BOLINGER SEGARS GILBERT & MOSS LLP | Other Service Provider | $10,500 | — | $10,500 |
| PENTEC PENSION MANAGEMENT GROUP INC | Other Service Provider | — | $10,000 | $10,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $133,235
- Estimated Expense Ratio: 0.607% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $123,306 | $123,306 | — | — | — |
| 2023 | $108,120 | $108,120 | — | — | — |
| 2022 | $141,055 | — | — | — | $141,055 |