Plan Snapshot
- Plan Sponsor: Talos Energy Operating Company LLC
- Sponsor EIN: 900791480
- Sponsor Address: 333 CLAY STREET, HOUSTON, TX, 77002
- Plan Type: 401(k)
- Total Participants: 691
- Total Assets: $172.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2024 | 691 | $172.2M | $5.9M | $8.8M |
| 2023 | 589 | $98.3M | $4.7M | $7.0M |
| 2022 | 428 | $71.3M | $2.4M | $5.2M |
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 | $61,689 | — | $61,689 |
| LPL FINANCIAL LLC | ADVISOR | $60,000 | — | $60,000 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $36,430 | — | $36,430 |
| WEAVER & TIDWELL, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- LPL FINANCIAL LLC — ADVISOR
- STRATEGIC ADVISORS, INC. — ADVISOR
- WEAVER & TIDWELL, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $158,119
- Estimated Expense Ratio: 0.092% 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 | $157,646 | $96,430 | $300 | — | — |
| 2023 | $132,526 | $84,514 | — | — | — |
| 2022 | $131,548 | $19,546 | — | — | — |