401(k) Β· DOL Form 5500 Β· 2022

Magnolia Energy Services, LLC 401(k) Plan

ERISA Form 5500 plan record drawn from DOL EBSA, verify with linked source filings below.

$650K
Total assets
213
Participants
4th
Percentile by assets

Sponsored by Magnolia Energy Services, LLC Β· Mississippi Β· Construction

What the 2022 filing shows

Magnolia Energy Services, LLC 401(k) Plan holds $650K for 213 participants - about $3,053 per participant, among the smaller plans by assets on file, down 7.5% over the 2022 plan year.

$650K
total plan assets (2022 EOY)
213
covered participants
4th
percentile by assets (of 84,055 plans)
$3,053
avg assets per participant

The plan reported a net loss of $53K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$650K
Participants
213
State
Industry
Construction

What the Filing Says About Magnolia Energy Services, LLC 401(k) Plan

Magnolia Energy Services, LLC 401(k) Plan is a 401(k) retirement plan sponsored by Magnolia Energy Services, LLC, headquartered in Mississippi. As of the 2022 Form 5500 filing, the plan reports $650K in total end-of-year assets and covers 213 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 462595288, and the plan has been effective since 2018-06-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $703K at the beginning of 2022 to $650K at year-end - a decline of 7.5%. Net assets (after liabilities) closed the year at $650K, with reported net income of $-52,820 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$703K
Total Assets (End of Year)$650K
Net Assets (End of Year)$650K
Net Income$-52,820
Plan Type401(k)
Employer EIN462595288
Plan Effective Date2018-06-01
Filing StatusFILING RECEIVED

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Frequently Asked Questions

How much money is in the Magnolia Energy Services, LLC 401(k) Plan?
As of the 2022 Form 5500 filing, Magnolia Energy Services, LLC 401(k) Plan holds $650K in total assets with 213 participants. It is sponsored by Magnolia Energy Services, LLC.
What type of plan is Magnolia Energy Services, LLC 401(k) Plan?
Magnolia Energy Services, LLC 401(k) Plan is a 401(k) plan. It has been effective since 2018-06-01. The plan is filed with the U.S. Department of Labor under EIN 462595288.
Who sponsors the Magnolia Energy Services, LLC 401(k) Plan?
Magnolia Energy Services, LLC 401(k) Plan is sponsored by Magnolia Energy Services, LLC, located in Mississippi. The sponsor's EIN is 462595288 and the plan operates in the Construction industry.
How did Magnolia Energy Services, LLC 401(k) Plan perform in 2022?
Magnolia Energy Services, LLC 401(k) Plan declined by 7.5% during 2022, moving from $703K to $650K in total assets. Net income was $-52,820.
Where can I find official filings for Magnolia Energy Services, LLC 401(k) Plan?
Official Form 5500 filings for Magnolia Energy Services, LLC 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 462595288 or plan name at efast.dol.gov.
How does Magnolia Energy Services, LLC 401(k) Plan compare to other plans?
You can compare Magnolia Energy Services, LLC 401(k) Plan against other 401(k) plans on the plan type page, or view plans in Mississippi on the state page. PlainRetire tracks all 402,674 ERISA-covered retirement plans in the U.S. that filed a Form 5500 for the 2023 plan year.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 462595288.

Reference: IRS Publication 560, Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B, Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.