# Nabors Industries, INC. 401(k) Plan
Source: https://planprovider.pro/companies/nabors-industries-inc-401k-plan

> Nabors Industries, INC.'s 401(k) plan: 3,978 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|—|—|

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