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Benchmarking Navitas Midstream Management L 401(K) Profit Sharing Plan & Trust in Houston, TX against all plans

 

Navitas Midstream Management L 401(K) Profit Sharing Plan & Trust in Houston, TX has the 3rd-highest yield on beginning-of-plan-year total assets (19.38%) among the 88 plans whose industry group is Oil and Gas Extraction. That 19.38% compares to an average of 14.52% across those 88 plans.

Beating the average of 14.52% means an extra $364,515 in net earnings on investments.

Note: yield on beginning-of-plan-year total assets =
(100 * net earnings on investments) ÷ total assets at beginning of plan year

Navitas Midstream Management L 401(K) Profit Sharing Plan & Trust has these standings among those 88 peer plans:

  • yield on beginning-of-plan-year total assets = 19.38% (3rd-highest)

  • net earnings on investments = $1,452,694 (4th-lowest)

  • total assets at beginning of plan year = $7,495,950 (3rd-least)

and these values satisfy the maximum allowed for calculating yield from beginning assets:

  • asset transfers to this plan = $0

  • asset transfers from this plan = $0

and these values provide further relevant context:

  • cash contributions from participants = $1,677,428

  • cash contributions from employers = $1,291,230

  • total contributions = $3,569,988

Visualize

 
 

Peers

beat out by Magnolia Oil & Gas 401(K) Plan in Houston, TX (26.99%) and Gore Nitrogen Pumping Service, LLC 401(K) in Seiling, OK (24.42%).

beat Propetro Services, Inc. 401k Plan in Midland, TX (18.20%), Howard Energy Tax Deferred Savings Plan in Traverse City, MI (17.93%), Ranger Oil Corporation 401k Plan in Houston, TX (17.57%), and Civitas Resources, Inc. 401(K) Plan in Denver, CO (17.57%), and others, ending with Shebester-Bechtel, Inc. Employee Stock Ownership Plan in Oklahoma City, OK (7.75%).

References

  1. 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.
  2. yield on beginning-of-plan-year total assets. Higher values are better. To qualify, the total assets at the beginning of the plan year must be above zero, and either (1) both the asset transfers to the plan and asset transfers from the plan during the plan year must be zero, or (2) the sum of the absolute values of both asset transfers must be less than 1% of the total assets at the beginning of the plan year. If it qualifies, the yield on beginning-of-plan-year total assets (as a percentage) equals net earnings on investments divided by total assets at the beginning of the plan year, times 100. The above quantities are all from Schedule H: Assets transfer to the plan is Line 2l(1). Assets transfer from the plan is Line 2l(2). Net earnings on investments is the sum of the ten column (b) entries from 2b, minus investment advisory and management fees (Line 2i(3)). Total assets at the beginning of the plan year is Line 1f(a). 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.