FMC Technologies, Inc. 401(k) Review & Grade
Technipfmc Retirement Savings Plan
Houston, TXManufacturing3,570 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,292Employer $ per active participant
$10,707Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$1.4BNet plan assets, end of year
$196,292Average balance per account
Score breakdown
- Employer generosity45.0 / 5090th percentile for employer $ per participant
- Low cost17.8 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1586th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score80 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 71th |
| Employee saving | 86th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $898 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- FMC Technologies put in about $8,292 per active participant, more than the typical peer ($3,452). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- 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 | $29,598,769 |
| Participant (employee) contributions | $38,218,408 |
| Other contributions (incl. rollovers in) | $3,155,416 |
| Administrative expenses paid from the plan | $822,814 |
| Contract administrator fees | $2,850 |
| Investment advisory & management fees | $247,979 |
| Other admin expenses | $112,688 |
| Benefits paid out | $123,745,211 |
| Net assets, start / end of year | $1.2B / $1.4B |
| Active participants, start / end of year | 3,660 / 3,479 |
| Participants with account balances | 6,920 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mcconnell & Jones, LLP |
Largest service providers (Schedule C)
| Fidelity Inv. Ints. Op. Co. Inc. | $423,926 reported compensation |
| Strategic Advisors Inc | $247,979 reported compensation |
| Capfinancial Partners,llc | $137,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015120928NAL0004802913001, received 2025-10-15, EIN 36-4412642, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.