Fasken Oil And Ranch, Ltd. 401(k) Plan: Login, Facts & Contact Information

Fasken Oil And Ranch, Ltd. 401(k) Plan Facts

Plan name
FASKEN OIL AND RANCH, LTD. 401(K) PLAN
Plan type
401(k) and profit sharing
Plan sponsor
FASKEN OIL AND RANCH, LTD.
Participants
334 (292 active employees)
Former employees with a balance
41
Plan assets
$82,504,478 at Dec 31, 2024
Average account balance
$244,096 across 338 accounts
Employer contributions
$4,481,329 in plan year 2024 (65% of all contributions)
Recordkeeper
Newport Group, Inc.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1992
Employer contributions Automatic enrollment Default investment for undecided participants Participants choose their own investments Self-directed brokerage window Profit sharing Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Sep 5, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $6.85 million went into the plan in contributions, $4.48 million of it from the employer (65%).
  • $7.64 million was paid out to participants.
  • Investment and other income added $9.48 million.
  • Administrative expenses were $18,864, about $56 per account.

How the Fasken Oil And Ranch, Ltd. 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019295$52.9 million$3.32 million$3.96 million
2020305$61.9 million$3.36 million$4.04 million
2021325$70.2 million$3.51 million$4.71 million
2022294$62.4 million$3.79 million$3.22 million
2023314$73.8 million$3.98 million$4.90 million
2024334$82.5 million$4.48 million$7.64 million

Fasken Oil And Ranch, Ltd. 401(k) Contact Information

Phone
432-687-1777
Mailing address
6101 HOLIDAY HILL ROAD, MIDLAND TX 79707
Plan sponsor
FASKEN OIL AND RANCH, LTD.
Employer identification number (EIN)
75-2625414
Plan number
001

Questions about the Fasken Oil And Ranch, Ltd. 401(k)

Does Fasken Oil And Ranch, Ltd contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $4.48 million in employer contributions for plan year 2024.

Does the Fasken Oil And Ranch, Ltd 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Fasken Oil And Ranch, Ltd 401(k) plan?

334 participants at the start of plan year 2024, 292 of them active employees, and 41 former employees who still had money in the plan.

What is the average 401(k) balance at Fasken Oil And Ranch, Ltd?

About $244,096 per account: $82.5 million in plan assets across 338 accounts with a balance at the end of plan year 2024.

Who manages the Fasken Oil And Ranch, Ltd 401(k) accounts?

Newport (an Ascensus company) (listed on the filing as NEWPORT GROUP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Fasken Oil And Ranch, Ltd. How do I access my 401(k)?

Your account stays with Newport (an Ascensus company) after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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