Benchmarking Magnolia Oil & Gas 401(K) Plan in Houston, TX against all plans
Magnolia Oil & Gas 401(K) Plan in Houston, TX has the 10th-highest corrective distributions ($7,929) of the 88 plans whose industry group is Oil and Gas Extraction. Those $7,929 compare to an average of $3,882 across the 88 plans.
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Peers
better than Construction Resources Holdings Retirement Plan in Decatur, GA ($147,738), Finley Resources Inc 401(K) Plan in Fort Worth, TX ($45,703), E & B Natural Resources Management Corp. 401(K) Plan in Bakersfield, CA ($44,594), and Indigo Minerals, LLC 401(K) Plan in Houston, TX ($12,485), and 5 others, ending with Gulfport Energy Corporation 401(K) Profit Sharing Plan in Oklahoma City, OK ($8,607).
exceeded Ensign Natural Resources 401(K) Plan in Houston, TX ($5,481), FDL Energy 401(K) Plan in Irving, TX ($5,206), Signal Hill Petroleum, Inc. 401(K) Employee Savings Plan in Signal Hill, CA ($5,067), and Eastham Enterprises, Inc. 401(K) Plan in Bellaire, TX ($3,991), and 74 others, ending with Kirkpatrick Companies Savings Incentive & Profit Sharing Plan in Oklahoma City, OK ($0).
exceeded Ensign Natural Resources 401(K) Plan in Houston, TX ($5,481), FDL Energy 401(K) Plan in Irving, TX ($5,206), Signal Hill Petroleum, Inc. 401(K) Employee Savings Plan in Signal Hill, CA ($5,067), and Eastham Enterprises, Inc. 401(K) Plan in Bellaire, TX ($3,991), and 74 others, ending with Kirkpatrick Companies Savings Incentive & Profit Sharing Plan in Oklahoma City, OK ($0).
References
- whose industry group is. The industry group is the first four digits from the six-digit NAICS business code, Line 2d in Form 5500, which best describes the nature of the plan sponsor’s business, from the available list. If more than one employer or employee organization is involved, filers are asked to enter the business code for the main business activity of the employer and/or employee organizations. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- corrective distributions. Lower values are better. From Line 2f, Schedule H, but negative entries are converted into positive. Included on this line are all distributions paid during the plan year of excess deferrals under Code section 402(g)(2)(A)(ii), excess contributions under Code section 401(k)(8), and excess aggregate contributions under Code section 401(m)(6). Included is allocable income distributed. Also included on this line are any elective deferrals and employee contributions distributed or returned to employees during the plan year, as well as any attributable income that was also distributed. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.