Plan Snapshot
- Plan Sponsor: Innovex Downhole Solutions, INC.
- Sponsor EIN: 814043469
- Sponsor Address: 19120 KENSWICK DRIVE, HUMBLE, TX, 77338
- Plan Type: 401(k)
- Total Participants: 908
- Total Assets: $32.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 908 | $32.3M | $1.7M | $4.3M |
| 2022 | 870 | $25.7M | $1.4M | $3.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $135,084 | — | $135,084 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $49,004 | — | $49,004 |
| NOVA 401(K) ASSOCIATES | Other Service Provider | $538 | $20,000 | $20,538 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $204,626
- Estimated Expense Ratio: 0.634% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2023 | $88,483 | $77,743 | — | — | — |
| 2022 | $73,407 | $73,407 | — | — | — |