Plan Snapshot
- Plan Sponsor: Worldwide Oilfield Machine, INC.
- Sponsor EIN: 742108584
- Sponsor Address: 11809 CANEMONT STREET, HOUSTON, TX, 77035
- Plan Type: 401(k)
- Total Participants: 409
- Total Assets: $20.2M
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. |
|---|---|---|---|---|
| 2024 | 409 | $20.2M | $585,584 | $1.6M |
| 2023 | 380 | $17.8M | $478,882 | $1.3M |
| 2022 | 348 | $14.8M | $355,054 | $970,668 |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | RECORDKEEPER | $32,156 | — | $32,156 |
| AVIDIAN WEALTH SOLUTIONS LLC | INVESTMENT/FINANCIAL ADVI | $25,965 | — | $25,965 |
| ADP, INC. | RECORD KEEPER | $9,995 | — | $9,995 |
| UHY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $68,116
- Estimated Expense Ratio: 0.338% 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 | $68,116 | $26,221 | — | — | — |
| 2023 | $88,135 | $53,249 | $32,640 | — | — |
| 2022 | $80,233 | $51,312 | $24,438 | — | $4,483 |