Jobe Materials, LP 401(k) Review & Grade
Jobe Materials, LP 401(k) Plan
El Paso, TXMining, Oil & Gas516 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,529Employer $ per active participant
$2,105Employee $ saved per active participant
0.94%Direct admin cost, % of plan assets
$19.6MNet plan assets, end of year
$47,346Average balance per account
Score breakdown
- Employer generosity5.9 / 5012th percentile for employer $ per participant
- Low cost1.8 / 257th percentile for low admin cost vs. same-size plans
- Employee saving0.5 / 153th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score6 / 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 | 7th |
| Employee saving | 3th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Jobe Materials, LP put in about $1,529 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 (0.94% 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 | $788,259 |
| Participant (employee) contributions | $1,085,040 |
| Other contributions (incl. rollovers in) | $188 |
| Administrative expenses paid from the plan | $171,437 |
| Contract administrator fees | $51,977 |
| Investment advisory & management fees | $70,823 |
| Benefits paid out | $1,491,852 |
| Net assets, start / end of year | $17.0M / $19.6M |
| Active participants, start / end of year | 537 / 494 |
| Participants with account balances | 413 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Stockton, Scurry & Smith |
Largest service providers (Schedule C)
| M Holdings Securities, Inc. | $70,823 reported compensation |
| Inwest Retirement Solutions | $51,977 reported compensation |
| Nationwide | $48,638 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250910131840NAL0021203457001, received 2025-09-10, EIN 86-1133407, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.