Profrac Holdings II, LLC 401(k) Review & Grade
PF Holdings Corp. Retirement Plan
Willow Park, TXMining, Oil & Gas2,911 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,101Employer $ per active participant
$4,309Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$103.9MNet plan assets, end of year
$35,992Average balance per account
Score breakdown
- Employer generosity25.4 / 5051th percentile for employer $ per participant
- Low cost5.4 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving6.8 / 1545th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score18 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 2,500–9,999 active participants (fewer than 30 industry peers) (2,386 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 22th |
| Employee saving | 45th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($2,831,160 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $12,151 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Profrac Holdings II put in about $2,101 per active participant, more than the typical peer ($2,062). 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 (0.31% of assets) are well above similar-size plans (0.12%). 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 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 | $6,115,172 |
| Participant (employee) contributions | $12,542,398 |
| Other contributions (incl. rollovers in) | $2,793,876 |
| Administrative expenses paid from the plan | $298,495 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $118,260 |
| Benefits paid out | $17,446,426 |
| Net assets, start / end of year | $87.0M / $103.9M |
| Active participants, start / end of year | 2,718 / 3,104 |
| Participants with account balances | 2,887 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Whitley Penn LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $180,235 reported compensation |
| Creative Planning LLC | $82,513 reported compensation |
| Strategic Advisors, Inc. | $35,747 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250910151620NAL0021266225001, received 2025-09-10, EIN 87-3882169, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.