Silvertip Completion Services Ll 401(k) Plan (terminated 2023): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2023, when $4.17 million was transferred out of the plan. Assets moved to the PROPETRO SERVICES, INC. 401(K) PLAN (sponsored by PROPETRO SERVICES, INC.). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

See the PROPETRO SERVICES, INC. 401(K) PLAN →

Silvertip Completion Services Ll 401(k) Plan Facts (plan year 2023)

Plan name
SILVERTIP COMPLETION SERVICES
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SILVERTIP COMPLETION SERVICES
Participants
348
Former employees with a balance
0
Plan year
Jan 1, 2023 – Mar 31, 2023
Plan established
Jan 1, 2018
✓ 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 2023 (Jan 1, 2023 – Mar 31, 2023), filed Feb 28, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $272,315 was paid out to participants.
  • Investment and other income added $241,912.

How the Silvertip Completion Services Ll 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201823$1.01 million$234,909$7,991
2019163$2.67 million$420,774$175,354
2020307$2.44 million$103,425$1.42 million
2021283$3.79 million$136,298$445,534
2022359$4.20 million$387,755$780,289
2023 (final)348$0—$272,315

Silvertip Completion Services Ll 401(k) Contact Information

Phone
432-269-9296
Mailing address
9816 WEST COUNTY ROAD 146, MIDLAND TX 79706
Plan sponsor
SILVERTIP COMPLETION SERVICES
Employer identification number (EIN)
82-2678053
Plan number
001

Questions about the Silvertip Completion Services Ll 401(k)

Is the Silvertip Completion Services Ll 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2023. Its assets were transferred to the PROPETRO SERVICES, INC. 401(K) PLAN.

Does Silvertip Completion Services Ll contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement.

Does the Silvertip Completion Services Ll 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Silvertip Completion Services Ll 401(k) plan?

348 participants at the start of plan year 2023.

Who manages the Silvertip Completion Services Ll 401(k) accounts?

ADP Retirement Services is the plan's recordkeeper, which is where participants log in to see their balance.

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