Employers › Innovex International
Recordkeeping fees per participant · Dril-quip, Inc. Employee 401(k) Retirement Plan · plan year 2024
$144.78
Higher than 76% of the 14,075 plans $10 to 50M that report it.
= $123,353 / 852
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015140631NAL0009975394001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015140631NAL0009975394001, received 2025-10-15
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-15.
Administrative expenses excluding investment management, per participant
$144.78
Higher than 59% of the 24,371 plans $10 to 50M that report it.
= $123,353 / 852
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015140631NAL0009975394001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015140631NAL0009975394001, received 2025-10-15
Administrative expenses per participant
$144.78
Higher than 37% of the 25,098 plans $10 to 50M that report it.
= $123,353 / 852
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015140631NAL0009975394001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015140631NAL0009975394001, received 2025-10-15
Administrative expenses as a share of assets
0.303%
Higher than 53% of the 25,132 plans $10 to 50M that report it.
= $123,353 / $40,709,909
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015140631NAL0009975394001, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015140631NAL0009975394001, received 2025-10-15
Employer contributions per participant
$1,854
Higher than 43% of the 24,050 plans $10 to 50M that report it.
= $1,579,442 / 852
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015140631NAL0009975394001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015140631NAL0009975394001, received 2025-10-15
Employer share of total contributions
33.1%
Higher than 69% of the 24,084 plans $10 to 50M that report it.
= $1,579,442 / $4,778,146
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015140631NAL0009975394001, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015140631NAL0009975394001, received 2025-10-15
Plan terms are described in Innovex International, Inc.'s SEC filings: Form 10-K filed 2026-02-24. No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015140631NAL0009975394001, received 2025-10-15
| Field | Value | Source |
|---|---|---|
| Plan sponsor | DRIL-QUIP, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Plan name | DRIL-QUIP, INC. EMPLOYEE 401(K) RETIREMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Sponsor EIN / plan number | 74-2162088 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Sponsor location | HOUSTON, TX | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Industry (business code) | 454310, Retail trade | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Participants, beginning of year | 1,367 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Active participants | 500 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Participants, end of year | 858 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Participants with an account balance | 852 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Total assets, beginning of year | $95,240,982 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Total assets, end of year | $40,709,909 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Net assets, end of year | $40,709,909 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Total income | $16,608,307 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Net income | $-53,805,410 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Employer contributions | $1,579,442 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Participant contributions | $3,161,603 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Other contributions (incl. rollovers) | $37,101 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Total contributions | $4,778,146 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Benefit payments | $70,224,041 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $70,413,717 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Total administrative expenses | $123,353 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Recordkeeping fees | $123,353 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Investment advisory and management fees | $0 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Administrative expenses excluding investment management | $123,353 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Held in common/collective trusts | $3,950,346 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Held in mutual funds | $36,759,563 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251015140631NAL0009975394001, received 2025-10-15 |
| Independent auditor | CALVETTI FERGUSON, P.C. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015140631NAL0009975394001, received 2025-10-15 |
Position = column in the DOL layout for form year 2024. Filing 20251015140631NAL0009975394001, received 2025-10-15.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY Orecordkeeper | RECORDKEEPER | 64 Recordkeeping fees | $124,878 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251015140631NAL0009975394001, received 2025-10-15.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $95,240,982 | $40,709,909 | -57.3% |
| Participants with a balance | 1,359 | 852 | -37.3% |
| Administrative expenses | $138,765 | $123,353 | -11.1% |
| Recordkeeping fees per participant | $73.97 | $144.78 | 95.7% |
| Employer contributions | $2,138,225 | $1,579,442 | -26.1% |
Prior filing 20241015113217NAL0014496227001, received 2024-10-15; the plan years are contiguous.
Sponsor name as filed: DRIL-QUIP, INC.; SEC registrant: Innovex International, Inc. (CIK 1042893, matched by EIN; display name from the Form 10-K cover).