Plan Snapshot
- Plan Sponsor: Wood Group U.S. Holdings, INC.
- Sponsor EIN: 760688757
- Sponsor Address: 17325 PARK ROW SUITE 500, HOUSTON, TX, 77084
- Plan Type: 401(k)
- Total Participants: 6,541
- Total Assets: $2.1B
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 | 6,541 | $2.1B | $24.5M | $44.7M |
| 2023 | 7,051 | $2.1B | $22.6M | $44.7M |
| 2022 | 8,218 | $2.0B | $34.3M | $67.0M |
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 ADVISORY GROUP, LLC | NONE | $521,137 | — | $521,137 |
| EMPOWER ANNUITY INSURANCE COMPANY O | NONE | $517,803 | — | $517,803 |
| NFP RETIREMENT INC | NONE | $74,990 | — | $74,990 |
| WHITTLESEY & HADLEY PC | NONE | $45,000 | — | $45,000 |
| WHITTLESEY | Auditor | $45,000 | — | $45,000 |
| HAYNES AND BOONE, LLP | NONE | $20,733 | — | $20,733 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,224,663
- Estimated Expense Ratio: 0.058% 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 | $1,182,962 | $596,126 | — | $45,000 | — |
| 2023 | $1,223,293 | $619,933 | — | $43,000 | — |
| 2022 | $1,435,044 | $769,216 | — | — | $43,028 |