Plan Snapshot
- Plan Sponsor: Gravity Oilfield Services, LLC
- Sponsor EIN: 811267443
- Sponsor Address: 1912 KINGS HWY, SNYDER, TX, 79549
- Plan Type: 401(k)
- Total Participants: 347
- Total Assets: $39.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 347 | $39.3M | $1.3M | $2.0M |
| 2023 | 322 | $34.3M | $1.3M | $1.9M |
| 2022 | 310 | $30.6M | $0 | $2.4M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $130,976 | — | $130,976 |
| PRIME CAPITAL INVESTMENT ADVISORS | Investment Advisor | $31,500 | — | $31,500 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $11,657 | — | $11,657 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $174,133
- Estimated Expense Ratio: 0.444% 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 | $174,133 | $43,157 | — | — | — |
| 2023 | $167,089 | $40,786 | $1,200 | $26,000 | — |
| 2022 | $145,539 | $31,500 | $114,039 | — | — |