Innovex International, Inc. 401(k) Review & Grade
Innovex International Inc. 401(k) Plan
Humble, TXMining, Oil & Gas946 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,705Employer $ per active participant
$4,567Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$63.5MNet plan assets, end of year
$52,970Average balance per account
Score breakdown
- Employer generosity7.0 / 5014th percentile for employer $ per participant
- Low cost11.8 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 47th |
| Employee saving | 23th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Innovex International put in about $1,705 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.
- 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 | $1,612,947 |
| Participant (employee) contributions | $4,320,574 |
| Other contributions (incl. rollovers in) | $26,051,766 |
| Administrative expenses paid from the plan | $120,433 |
| Contract administrator fees | $120,433 |
| Benefits paid out | $5,351,850 |
| Net assets, start / end of year | $32.3M / $63.5M |
| Active participants, start / end of year | 984 / 908 |
| Participants with account balances | 1,198 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Calvetti Ferguson, LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $93,590 reported compensation |
| Empower Advisory Group, LLC | $31,262 reported compensation |
| Nova 401(k) Associates | $10,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014092021NAL0003471712001, received 2025-10-14, EIN 99-3399141, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.