Plan Snapshot
- Plan Sponsor: Flatland Energy Services LLC
- Sponsor EIN: 462390992
- Sponsor Address: 508 W. WALL STREET, MIDLAND, TX, 79701
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 273
- Total Assets: $3.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 273 | $3.0M | $0 | $0 |
| 2024 | 208 | $2.0M | $246,235 | $585,711 |
| 2023 | 120 | $1.5M | $229,390 | $427,482 |
| 2022 | 124 | $548,257 | $75,710 | $126,527 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $29,996 | — | $29,996 |
| MORGAN STANLEY SMITH BARNEY LLC | Investment Advisor | — | $17,553 | $17,553 |
| PPG RETIREMENT PLAN SERVICES | Other Service Provider | $16,201 | $1,172 | $17,373 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $64,922
- Estimated Expense Ratio: 2.172% 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 |
|---|---|---|---|---|---|
| 2025 | $619,826 | — | — | — | — |
| 2024 | $48,465 | — | $33,784 | — | — |
| 2023 | $23,513 | — | $23,513 | — | — |
| 2022 | $856 | — | $856 | — | — |