Plan Snapshot
- Plan Sponsor: Key Energy Services, INC.
- Sponsor EIN: 042648081
- Sponsor Address: 1500 CITYWEST BOULEVARD SUITE 800, HOUSTON, TX, 77042
- Plan Type: 401(k)
- Total Participants: 1,438
- Total Assets: $99.9M
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 | 1,438 | $99.9M | $3.2M | $5.6M |
| 2023 | 1,313 | $92.4M | $2.3M | $4.6M |
| 2022 | 1,395 | $91.0M | $643,727 | $4.0M |
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 O | RECORDKEEPER | $84,094 | — | $84,094 |
| ALLIANCEBERNSTEIN LP | INVESTMENT ADVISOR | $74,875 | — | $74,875 |
| CMMS CPA & ADVISORS PLLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $158,969
- Estimated Expense Ratio: 0.159% 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 | $159,000 | $74,875 | — | — | — |
| 2023 | $135,761 | $16,505 | — | — | — |
| 2022 | $227,870 | $52,875 | — | — | $1,200 |