Select Water Solutions, Inc. 401(k) Review & Grade
Select Water Solutions, Inc. 401(k) Plan
Gainesville, TXMining, Oil & Gas4,160 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,556Employer $ per active participant
$2,732Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$126.2MNet plan assets, end of year
$43,153Average balance per account
Score breakdown
- Employer generosity21.1 / 5042th percentile for employer $ per participant
- Low cost7.5 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score36 / 100 · Grade D
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 | 42th |
| Lower admin cost | 30th |
| Employee saving | 31th |
| 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
- Select Water Solutions put in about $1,556 per active participant, below the typical peer ($2,062). 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 (0.23% of assets) are well above similar-size plans (0.12%). 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 | $6,472,607 |
| Participant (employee) contributions | $11,366,426 |
| Other contributions (incl. rollovers in) | $3,527,189 |
| Administrative expenses paid from the plan | $267,568 |
| Other admin expenses | $37,500 |
| Benefits paid out | $15,628,237 |
| Net assets, start / end of year | $105.9M / $126.2M |
| Active participants, start / end of year | 4,193 / 4,127 |
| Participants with account balances | 2,924 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withumsmithbrown PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $230,068 reported compensation |
| Prime Capital Investment Advisors | $37,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008123402NAL0005849233001, received 2025-10-08, EIN 81-4561945, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.