Nabors Industries, Inc. 401(k) Review & Grade
Nabors Industries, Inc. Retirement Savings Plan
Houston, TXMining, Oil & Gas4,122 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,946Employer $ per active participant
$4,610Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$370.9MNet plan assets, end of year
$99,837Average balance per account
Score breakdown
- Employer generosity30.6 / 5061th percentile for employer $ per participant
- Low cost23.4 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1547th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score61 / 100 · Grade B
This plan vs. peers
Peers: all industries, plans with 2,500–9,999 active participants (fewer than 30 industry peers) (2,386 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 94th |
| Employee saving | 47th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,519 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Nabors Industries put in about $2,946 per active participant, more than the typical peer ($2,062). 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.
- 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 | $12,142,866 |
| Participant (employee) contributions | $19,002,080 |
| Other contributions (incl. rollovers in) | $1,792,708 |
| Administrative expenses paid from the plan | $76,215 |
| Benefits paid out | $45,443,826 |
| Net assets, start / end of year | $336.1M / $370.9M |
| Active participants, start / end of year | 4,265 / 3,978 |
| Participants with account balances | 3,715 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Doeren Mayhew Assurance |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $68,770 reported compensation |
| Doeren Mayhew Assurance | $18,360 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002131751NAL0000324099001, received 2025-10-02, EIN 93-0711613, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.