Mewbourne Oil Company Employees' 401(k) Plan 401(k) Review & Grade
Mewbourne Oil Company Employees' 401(k) Plan
Tyler, TXMining, Oil & Gas742 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$11,608Employer $ per active participant
$9,958Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$215.5MNet plan assets, end of year
$251,729Average balance per account
Score breakdown
- Employer generosity43.8 / 5088th percentile for employer $ per participant
- Low cost23.2 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1579th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score89 / 100 · Grade A
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 93th |
| Employee saving | 79th |
| 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
- Mewbourne Oil Company Employees' 401(k) Plan put in about $11,608 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.
- 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 | $8,613,348 |
| Participant (employee) contributions | $7,388,721 |
| Other contributions (incl. rollovers in) | $852,789 |
| Administrative expenses paid from the plan | $60,279 |
| Other admin expenses | $60,279 |
| Benefits paid out | $12,808,590 |
| Net assets, start / end of year | $180.2M / $215.5M |
| Active participants, start / end of year | 703 / 781 |
| Participants with account balances | 856 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Henry & Peters PC |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $60,282 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923090202NAL0006131521001, received 2025-09-23, EIN 75-1254872, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.