Weatherford International, LLC 401(k) Review & Grade
Weatherford International, LLC 401(k) Savings Plan
Houston, TXMining, Oil & Gas3,034 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,751Employer $ per active participant
$7,446Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$581.4MNet plan assets, end of year
$110,133Average balance per account
Score breakdown
- Employer generosity35.0 / 5070th percentile for employer $ per participant
- Low cost21.7 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score77 / 100 · Grade A
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 | 70th |
| Lower admin cost | 87th |
| Employee saving | 71th |
| Peers that auto-enroll | 52% |
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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
- Weatherford International put in about $3,751 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.
- 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 | $11,380,992 |
| Participant (employee) contributions | $22,591,324 |
| Other contributions (incl. rollovers in) | $2,440,113 |
| Administrative expenses paid from the plan | $201,554 |
| Benefits paid out | $51,409,860 |
| Net assets, start / end of year | $521.7M / $581.4M |
| Active participants, start / end of year | 3,007 / 3,061 |
| Participants with account balances | 5,279 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Melton & Melton, L.L.P. |
| Employer stock held by plan | $51,475 |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $259,826 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002165134NAL0000732449001, received 2025-10-02, EIN 04-2515019, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.