Atlas Sand Company, LLC 401(k) Review & Grade
Atlas Sand Company, LLC 401(k) Plan
Austin, TXMining, Oil & Gas792 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,589Employer $ per active participant
$3,368Employee $ saved per active participant
0.47%Direct admin cost, % of plan assets
$13.0MNet plan assets, end of year
$21,878Average balance per account
Score breakdown
- Employer generosity6.3 / 5012th percentile for employer $ per participant
- Low cost6.3 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score17 / 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 | 12th |
| Lower admin cost | 25th |
| Employee saving | 11th |
| Peers that auto-enroll | 60% |
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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
- Atlas Sand Company put in about $1,589 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 (0.47% 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 | $1,259,676 |
| Participant (employee) contributions | $2,668,945 |
| Other contributions (incl. rollovers in) | $1,491,500 |
| Administrative expenses paid from the plan | $49,963 |
| Investment advisory & management fees | $12,570 |
| Benefits paid out | $1,939,437 |
| Net assets, start / end of year | $8.4M / $13.0M |
| Active participants, start / end of year | 501 / 1,084 |
| Participants with account balances | 593 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Armanino LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $37,393 reported compensation |
| Empower Advisory Group, LLC | $12,570 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250903124340NAL0009079379001, received 2025-09-03, EIN 82-1284842, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.