Calfrac Well Services Corp. 401(k) Review & Grade
Calfrac Well Services Corp. 401k Plan and Trust
Denver, COMining, Oil & Gas796 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,438Employer $ per active participant
$7,058Employee $ saved per active participant
0.50%Direct admin cost, % of plan assets
$50.6MNet plan assets, end of year
$42,620Average balance per account
Score breakdown
- Employer generosity25.4 / 5051th percentile for employer $ per participant
- Low cost5.9 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 23th |
| Employee saving | 49th |
| Peers that auto-enroll | 60% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($2,262 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Calfrac Well Services put in about $4,438 per active participant, more than the typical peer ($4,357). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.50% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,535,225 |
| Participant (employee) contributions | $5,621,385 |
| Other contributions (incl. rollovers in) | $488,571 |
| Administrative expenses paid from the plan | $234,142 |
| Investment advisory & management fees | $67,065 |
| Benefits paid out | $8,955,167 |
| Net assets, start / end of year | $43.9M / $50.6M |
| Active participants, start / end of year | 860 / 733 |
| Participants with account balances | 1,187 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $132,077 reported compensation |
| Creative Planning LLC | $67,065 reported compensation |
| Bdo USA, P.C. | $35,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925094117NAL0010307587001, received 2025-09-25, EIN 84-1591738, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.