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Benchmarking Key Energy Services 401(K) Savings and Retirement Plan in Houston, TX against all plans

 

Key Energy Services 401(K) Savings and Retirement Plan in Houston, TX has the 11th-highest yield on beginning-of-plan-year total assets (-15.40%) among the 59 plans whose industry group is Oil and Gas Extraction. That -15.40% compares to an average of -16.68% across those 59 plans.

Beating the average of -16.68% means an extra $1,498,451 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

Key Energy Services 401(K) Savings and Retirement Plan has these standings among those 59 peer plans:

  • yield on beginning-of-plan-year total assets = -15.40% (11th-highest)

  • net earnings on investments = -$18,003,700 (16th-lowest)

  • total assets at beginning of plan year = $116,924,789 (15th-most)

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 = $4,002,548

  • cash contributions from employers = $643,727

  • total contributions = $5,059,065

Visualize

 
 

Peers

beat out by CNX Resources Corporation Investment Plan for Salaried Employees in Canonsburg, PA (-7.84%), Ovintiv U.S. Retirement Plan in Denver, CO (-11.36%), Noram Drilling 401(K) Plan in Houston, TX (-12.46%), and Halliburton Retirement and Savings Plan in Houston, TX (-12.93%), and 6 others, ending with Texas Petroleum Investment Company 401(K) Plan in Houston, TX (-15.21%).

beat Eni US Operating Co. Inc. Savings and Investment Plan in Houston, TX (-15.56%), IKAV Energy Inc. 401(K) Plan in Durango, CO (-15.67%), W & T Offshore, Inc. 401(K) Plan in Houston, TX (-15.81%), and Tetra Technologies, Inc. 401(K) Retirement Plan in The Woodlands, TX (-15.90%), and others, ending with Iron Horse Tools, Inc. 401(K) Plan in Corpus Christi, TX (-20.88%).

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 2-October-2023 updates to the year-2022 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 2-October-2023 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.