Hilcorp Energy Company 401(k) Review & Grade
Hilcorp Energy Company 401(k) Savings Plan
Houston, TXMining, Oil & Gas3,752 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$10,248Employer $ per active participant
$16,659Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$817.8MNet plan assets, end of year
$193,433Average balance per account
Score breakdown
- Employer generosity47.9 / 5096th percentile for employer $ per participant
- Low cost21.2 / 2585th percentile for low admin cost vs. same-size plans
- Employee saving14.6 / 1597th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score94 / 100 · Grade A
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 | 96th |
| Lower admin cost | 85th |
| Employee saving | 97th |
| Peers that auto-enroll | 52% |
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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
- Hilcorp Energy put in about $10,248 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.
- 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 | $38,455,033 |
| Participant (employee) contributions | $62,513,713 |
| Other contributions (incl. rollovers in) | $11,794,575 |
| Administrative expenses paid from the plan | $285,600 |
| Investment advisory & management fees | $39,000 |
| Other admin expenses | $13,402 |
| Benefits paid out | $49,294,112 |
| Net assets, start / end of year | $659.2M / $817.8M |
| Active participants, start / end of year | 3,657 / 3,848 |
| Participants with account balances | 4,228 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Harper & Pearson Company, P.C. |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $233,198 reported compensation |
| Gallagher Fiduciary Advisors, LLC | $52,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916135317NAL0002021617001, received 2025-09-16, EIN 76-0244942, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.