# Worldwide Oilfield Machine, INC. 401(k) Plan
Source: https://planprovider.pro/companies/worldwide-oilfield-machine-inc-401k-plan

> Worldwide Oilfield Machine, INC.'s 401(k) plan: 409 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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:

- [ADP, INC.](https://planprovider.pro/provider/adp-retirement-services) — RECORD KEEPER

- [UHY LLP](https://planprovider.pro/provider/uhy-llp) — Auditor

## 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|

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

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