Plan Snapshot
- Plan Sponsor: Nabors Industries, INC.
- Sponsor EIN: 930711613
- Sponsor Address: 515 W GREENS RD STE 1200, HOUSTON, TX, 770674531
- Plan Type: 401(k)
- Total Participants: 3,978
- Total Assets: $370.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,978 | $370.9M | $12.1M | $19.0M |
| 2023 | 4,265 | $336.1M | $12.5M | $19.2M |
| 2022 | 5,112 | $281.9M | $11.8M | $17.8M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | RECORDKEEPER | $68,770 | — | $68,770 |
| DOEREN MAYHEW ASSURANCE | ACCOUNTANT | $18,360 | — | $18,360 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DOEREN MAYHEW ASSURANCE — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,130
- Estimated Expense Ratio: 0.023% 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 |
|---|---|---|---|---|---|
| 2024 | $76,215 | — | — | $18,360 | — |
| 2023 | $83,506 | — | — | $17,000 | — |
| 2022 | $94,772 | — | — | — | — |