Wilks Brothers, LLC 401(k) Review & Grade
Wilks Brothers, LLC 401(k) Plan
Cisco, TXConstruction966 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,671Employer $ per active participant
$3,667Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$68.2MNet plan assets, end of year
$97,668Average balance per account
Score breakdown
- Employer generosity24.9 / 5050th percentile for employer $ per participant
- Low cost17.8 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1547th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 71th |
| Employee saving | 47th |
| Peers that auto-enroll | 44% |
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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
- Wilks Brothers put in about $1,671 per active participant, below the typical peer ($1,672). 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.
- 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 | $1,613,364 |
| Participant (employee) contributions | $3,540,627 |
| Other contributions (incl. rollovers in) | $338,245 |
| Administrative expenses paid from the plan | $72,879 |
| Investment advisory & management fees | $7,176 |
| Benefits paid out | $7,604,915 |
| Net assets, start / end of year | $62.1M / $68.2M |
| Active participants, start / end of year | 946 / 985 |
| Participants with account balances | 698 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Whitley Penn LLP |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $5,200 reported compensation |
| Empower Annuity Insurance Company O | $5,200 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007173055NAL0002852803001, received 2025-10-07, EIN 45-2388948, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.