Civitas Resources, Inc. 401(k) Review & Grade
Civitas Resources, Inc. 401(k) Plan
Denver, COMining, Oil & Gas566 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$9,428Employer $ per active participant
$13,316Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$61.8MNet plan assets, end of year
$76,001Average balance per account
Score breakdown
- Employer generosity40.6 / 5081th percentile for employer $ per participant
- Low cost16.1 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving13.6 / 1591th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 64th |
| Employee saving | 91th |
| 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
- Civitas Resources put in about $9,428 per active participant, more than the typical peer ($4,357). 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.
- 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 | $5,336,271 |
| Participant (employee) contributions | $7,536,696 |
| Other contributions (incl. rollovers in) | $3,953,482 |
| Administrative expenses paid from the plan | $75,976 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $23,097 |
| Benefits paid out | $6,197,474 |
| Net assets, start / end of year | $43.9M / $61.8M |
| Active participants, start / end of year | 480 / 652 |
| Participants with account balances | 813 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Richey May & Co |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $53,710 reported compensation |
| Strategic Advisors, Inc. | $23,097 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014183815NAL0003583361001, received 2025-10-14, EIN 61-1630631, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.