Key Energy Services, Inc. 401(k) Review & Grade
Key Energy Services 401(k) Savings & Retirement Plan
Houston, TXMining, Oil & Gas1,420 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,285Employer $ per active participant
$3,956Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$99.9MNet plan assets, end of year
$64,231Average balance per account
Score breakdown
- Employer generosity11.7 / 5023th percentile for employer $ per participant
- Low cost15.1 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving2.3 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score32 / 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 | 23th |
| Lower admin cost | 60th |
| Employee saving | 16th |
| 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
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Key Energy Services put in about $2,285 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $3,245,230 |
| Participant (employee) contributions | $5,619,825 |
| Other contributions (incl. rollovers in) | $1,339,562 |
| Administrative expenses paid from the plan | $159,000 |
| Investment advisory & management fees | $74,875 |
| Other admin expenses | $31 |
| Benefits paid out | $13,148,822 |
| Net assets, start / end of year | $92.4M / $99.9M |
| Active participants, start / end of year | 1,403 / 1,438 |
| Participants with account balances | 1,556 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cmms CPA & Advisors PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $84,094 reported compensation |
| Alliancebernstein LP | $74,875 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008102302NAL0002916451001, received 2025-10-08, EIN 04-2648081, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.