Western Oilfields Supply Company 401(k) Review & Grade
Western Oilfields Supply Company 401(k)/profit Sharing Plan
Bakersfield, CAUtilities1,520 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,324Employer $ per active participant
$7,569Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$216.0MNet plan assets, end of year
$94,966Average balance per account
Score breakdown
- Employer generosity3.4 / 507th percentile for employer $ per participant
- Low cost16.9 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Utilities plans with 500–2,499 active participants (75 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 68th |
| Employee saving | 23th |
| Peers that auto-enroll | 76% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,185 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Western Oilfields Supply put in about $2,324 per active participant, below the typical peer ($6,264). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $3,531,181 |
| Participant (employee) contributions | $11,501,611 |
| Other contributions (incl. rollovers in) | $1,205,102 |
| Administrative expenses paid from the plan | $259,308 |
| Other admin expenses | $259,308 |
| Benefits paid out | $15,639,994 |
| Net assets, start / end of year | $187.9M / $216.0M |
| Active participants, start / end of year | 1,516 / 1,523 |
| Participants with account balances | 2,275 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Barbich Hopper King Dill Hoffman |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $164,276 reported compensation |
| Vanguard Advisers Inc. | $105,296 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007105102NAL0002598195001, received 2025-10-07, EIN 95-1362750, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.