Core Laboratories Profit Sharing and Retirement Plan 401(k) Review & Grade
Core Laboratories Profit Sharing and Retirement Plan
Houston, TXMining, Oil & Gas872 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,654Employer $ per active participant
$5,366Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$157.3MNet plan assets, end of year
$160,720Average balance per account
Score breakdown
- Employer generosity14.5 / 5029th percentile for employer $ per participant
- Low cost22.0 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 88th |
| Employee saving | 31th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,737 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $351 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Core Laboratories Profit Sharing and Retirement Plan put in about $2,654 per active participant, below the typical peer ($4,357). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,313,032 |
| Participant (employee) contributions | $4,676,557 |
| Other contributions (incl. rollovers in) | $821,324 |
| Administrative expenses paid from the plan | $72,995 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $129 |
| Other admin expenses | $73 |
| Benefits paid out | $19,027,057 |
| Net assets, start / end of year | $149.2M / $157.3M |
| Active participants, start / end of year | 887 / 856 |
| Participants with account balances | 979 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ham, Langston & Brezina LLP |
| Employer stock held by plan | $4,462,997 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $72,853 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250708142055NAL0011140514001, received 2025-07-08, EIN 76-0446294, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.