Repsol Services Company 401(k) Review & Grade
Repsol Services Company 401(k) Plan
The Woodlands, TXMining, Oil & Gas656 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$21,417Employer $ per active participant
$14,708Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$240.7MNet plan assets, end of year
$253,663Average balance per account
Score breakdown
- Employer generosity49.6 / 5099th percentile for employer $ per participant
- Low cost24.7 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
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 | 99th |
| Lower admin cost | 99th |
| Employee saving | 96th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
Corrective distributions: the plan refunded $10,536 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Repsol Services put in about $21,417 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 | $14,039,119 |
| Participant (employee) contributions | $9,641,345 |
| Other contributions (incl. rollovers in) | $1,644,448 |
| Administrative expenses paid from the plan | $11,169 |
| Benefits paid out | $22,104,923 |
| Net assets, start / end of year | $209.6M / $240.7M |
| Active participants, start / end of year | 641 / 670 |
| Participants with account balances | 949 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pricewaterhousecooper LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $11,168 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250709141704NAL0008216752001, received 2025-07-09, EIN 20-3967665, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.