Dnow L.P. 401(k) Review & Grade
Now Inc. 401(k) and Retirement Savings Plan
Houston, TXManufacturing1,562 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,169Employer $ per active participant
$5,266Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$202.8MNet plan assets, end of year
$96,005Average balance per account
Score breakdown
- Employer generosity23.5 / 5047th percentile for employer $ per participant
- Low cost17.0 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1555th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 68th |
| Employee saving | 55th |
| Peers that auto-enroll | 59% |
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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 ($1,087 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Dnow L.P. put in about $2,169 per active participant, below the typical peer ($2,320). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $3,386,667 |
| Participant (employee) contributions | $8,223,189 |
| Other contributions (incl. rollovers in) | $1,413,006 |
| Administrative expenses paid from the plan | $249,718 |
| Contract administrator fees | $2,715 |
| Investment advisory & management fees | $83,944 |
| Benefits paid out | $27,265,865 |
| Net assets, start / end of year | $190.1M / $202.8M |
| Active participants, start / end of year | 1,618 / 1,505 |
| Participants with account balances | 2,112 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Weaver and Tidwell, LLP. |
| Employer stock held by plan | $2,472,004 |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $142,946 reported compensation |
| Cook Street Consulting, Inc. | $62,665 reported compensation |
| Norton Rose Fulbright US | $22,875 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251011125702NAL0008524513001, received 2025-10-11, EIN 74-0989800, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.