Plan Snapshot
- Plan Sponsor: Patterson-Uti Energy, INC
- Sponsor EIN: 752504748
- Sponsor Address: PO DRAWER 1416, SNYDER, TX, 79550
- Plan Type: 401(k)
- Total Participants: 8,297
- Total Assets: $613.0M
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 | 8,297 | $613.0M | $11.3M | $20.4M |
| 2023 | 5,714 | $265.9M | $12.1M | $21.6M |
| 2022 | 6,304 | $200.7M | $11.2M | $19.6M |
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 | $239,858 | — | $239,858 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $139,840 | — | $139,840 |
| PRIME CAPITAL INVESTMENT ADVISOR, L | INVESTMENT ADVISOR | $12,500 | — | $12,500 |
| WEAVER AND TIDWELL, L.L.P. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- WEAVER AND TIDWELL, L.L.P. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $392,198
- Estimated Expense Ratio: 0.064% 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 | $392,198 | $152,340 | $3,300 | — | — |
| 2023 | $393,592 | $127,097 | $2,700 | — | — |
| 2022 | $371,004 | $94,396 | — | — | — |