Sun Energy Services, LLC DBA Deep Well Services 401(k) Review & Grade
Deep Well Services 401(k) Profit Sharing Plan
Zelienople, PAMining, Oil & Gas575 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,845Employer $ per active participant
$4,914Employee $ saved per active participant
0.70%Direct admin cost, % of plan assets
$15.0MNet plan assets, end of year
$24,548Average balance per account
Score breakdown
- Employer generosity7.4 / 5015th percentile for employer $ per participant
- Low cost3.2 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score24 / 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 | 15th |
| Lower admin cost | 13th |
| Employee saving | 25th |
| 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
- Sun Energy Services, LLC DBA Deep Well Services put in about $1,845 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 (0.70% 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.
- 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 | $1,061,117 |
| Participant (employee) contributions | $2,825,524 |
| Other contributions (incl. rollovers in) | $235,663 |
| Administrative expenses paid from the plan | $91,324 |
| Investment advisory & management fees | $44,373 |
| Benefits paid out | $1,826,247 |
| Net assets, start / end of year | $11.0M / $15.0M |
| Active participants, start / end of year | 528 / 622 |
| Participants with account balances | 613 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $46,951 reported compensation |
| NFP Retirement Inc | $44,373 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250605092907NAL0011415153001, received 2025-06-05, EIN 26-3275367, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.