# Nov INC. 401(k) Plan
Source: https://planprovider.pro/companies/nov-inc-401k-plan

> Nov INC.'s 401(k) plan: 11,339 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Nov INC.

- **Sponsor EIN:** 760475815

- **Sponsor Address:** 10353 RICHMOND AVENUE, HOUSTON, TX, 77042

- **Plan Type:** 401(k)

- **Total Participants:** 11,339

- **Total Assets:** $1.6B

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|11,339|$1.6B|$42.9M|$69.9M|

| 2023|11,209|$1.5B|$41.7M|$67.4M|

| 2022|10,801|$1.3B|$29.4M|$55.8M|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$989,588|—|$989,588|

| COOK STREET CONSULTING|CONTRACT ADMINISTRATOR|$127,487|—|$127,487|

| WEAVER AND TIDWELL LLC|ACCOUNTANT|$32,497|—|$32,497|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [COOK STREET CONSULTING](https://planprovider.pro/provider/jp-morgan-asset-management) — CONTRACT ADMINISTRATOR

- [WEAVER AND TIDWELL LLC](https://planprovider.pro/provider/weaver-and-tidwell-llp) — ACCOUNTANT

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $1,149,572

- **Estimated Expense Ratio:** 0.070% 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|$1,152,311|$127,487|$992,327|$32,497|—|

| 2023|$1,162,892|$89,707|$884,422|$6,052|—|

| 2022|$1,205,436|$178,756|$798,352|—|$58,441|

## Similar Plans

- [Flowserve Corporation](https://planprovider.pro/companies/flowserve-corporation-401k-plan) — 4,547 participants

- [Bot, Millwrights Pension Plan](https://planprovider.pro/companies/bot-millwrights-pension-plan-plan) — 4,186 participants

- [Flowserve Corporation](https://planprovider.pro/companies/flowserve-corporation-plan-001) — 4,039 participants

- [Weir Group, INC.](https://planprovider.pro/companies/weir-group-inc-401k-plan) — 1,692 participants

- [Dnow L.P.](https://planprovider.pro/companies/dnow-l-p-401k-plan) — 1,505 participants

- [Bishop Lifting Products, INC.](https://planprovider.pro/companies/bishop-lifting-products-inc-401k-plan) — 865 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/nov-inc-401k-plan)

© 2026 PlanProvider.Pro