Edge Ofs Holdings LLC 401(k) Review & Grade
Edge Ofs 401(k) Plan
The Woodlands, TXMining, Oil & Gas655 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$613Employer $ per active participant
$2,173Employee $ saved per active participant
0.67%Direct admin cost, % of plan assets
$5.5MNet plan assets, end of year
–Average balance per account
Score breakdown
- Employer generosity2.0 / 504th percentile for employer $ per participant
- Low cost3.5 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving0.6 / 154th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score6 / 100 · Grade F
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 4th |
| Lower admin cost | 14th |
| Employee saving | 4th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
Corrective distributions: the plan refunded $285 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Edge Ofs Holdings put in about $613 per active participant, below the typical peer ($4,357). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.67% 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.
- 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 | $401,311 |
| Participant (employee) contributions | $1,423,537 |
| Other contributions (incl. rollovers in) | $323,820 |
| Administrative expenses paid from the plan | $31,109 |
| Investment advisory & management fees | $16,843 |
| Benefits paid out | $906,759 |
| Net assets, start / end of year | $3.7M / $5.5M |
| Active participants, start / end of year | 655 / 0 |
| Participants with account balances | 0 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $14,266 reported compensation |
| Intrust Bank NA | $12,700 reported compensation |
| Empower Advisory Group, LLC | $4,143 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015122909NAL0006253856001, received 2025-10-15, EIN 82-1529654, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.