Employers › Weatherford International
Recordkeeping fees per participant · Weatherford International, LLC 401(k) Savings Plan · plan year 2024
$38.18
Higher than 34% of the 1,697 plans $250M to 1B that report it.
= $201,554 / 5,279
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251002165134NAL0000732449001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002165134NAL0000732449001, received 2025-10-02
Percentiles compare this plan with the Schedule H plans $250M to 1B 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 2025-10-02.
Administrative expenses excluding investment management, per participant
$38.18
Higher than 21% of the 2,324 plans $250M to 1B that report it.
= $201,554 / 5,279
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251002165134NAL0000732449001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002165134NAL0000732449001, received 2025-10-02
Administrative expenses per participant
$38.18
Higher than 14% of the 2,405 plans $250M to 1B that report it.
= $201,554 / 5,279
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251002165134NAL0000732449001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002165134NAL0000732449001, received 2025-10-02
Administrative expenses as a share of assets
0.035%
Higher than 21% of the 2,407 plans $250M to 1B that report it.
= $201,554 / $581,403,925
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251002165134NAL0000732449001, received 2025-10-02
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251002165134NAL0000732449001, received 2025-10-02
Employer contributions per participant
$2,156
Higher than 30% of the 2,457 plans $250M to 1B that report it.
= $11,380,992 / 5,279
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251002165134NAL0000732449001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002165134NAL0000732449001, received 2025-10-02
Employer share of total contributions
31.3%
Higher than 50% of the 2,459 plans $250M to 1B that report it.
= $11,380,992 / $36,412,429
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251002165134NAL0000732449001, received 2025-10-02
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251002165134NAL0000732449001, received 2025-10-02
Plan terms are described in Weatherford International, LLC's SEC filings: Form 11-K filed 2002-05-15 and Form 10-K filed 2002-03-25. 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) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251002165134NAL0000732449001, received 2025-10-02
| Field | Value | Source |
|---|---|---|
| Plan sponsor | WEATHERFORD INTERNATIONAL, LLC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Plan name | WEATHERFORD INTERNATIONAL, LLC 401(K) SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Sponsor EIN / plan number | 04-2515019 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Sponsor location | HOUSTON, TX | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Industry (business code) | 213110, Mining, quarrying, and oil and gas extraction | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Filing received | 2025-10-02 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Participants, beginning of year | 5,599 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Active participants | 3,061 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Participants, end of year | 5,675 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Participants with an account balance | 5,279 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Total assets, beginning of year | $522,230,541 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Total assets, end of year | $581,403,925 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Net assets, end of year | $581,392,243 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Total income | $105,561,195 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Net income | $53,877,566 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Employer contributions | $11,380,992 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Participant contributions | $22,591,324 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Other contributions (incl. rollovers) | $2,440,113 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Total contributions | $36,412,429 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Benefit payments | $51,409,860 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Total expenses (incl. benefit payments) | $51,683,629 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Total administrative expenses | $201,554 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Recordkeeping fees | $201,554 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Administrative expenses excluding investment management | $201,554 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Held in common/collective trusts | $381,048,624 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Held in mutual funds | $190,775,337 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251002165134NAL0000732449001, received 2025-10-02 |
| Independent auditor | MELTON & MELTON, L.L.P. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251002165134NAL0000732449001, received 2025-10-02 |
Position = column in the DOL layout for form year 2024. Filing 20251002165134NAL0000732449001, received 2025-10-02.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| T ROWE PRICE RPS INCrecordkeeper | NONE | 15 Recordkeeping and information management; 21 Trustee (bank, trust company or similar); 25 Trustee (directed); 28 Investment management; 37 Participant loan processing; 38 Participant communication; 49 Other services; 50 Direct payment from the plan; 52 Investment management fees paid indirectly by plan; 59 Shareholder servicing fees; 62 Float revenue; 64 Recordkeeping fees; 65 Account maintenance fees | $259,826 | 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 20251002165134NAL0000732449001, received 2025-10-02.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $522,230,541 | $581,403,925 | 11.3% |
| Participants with a balance | 5,279 | 5,279 | 0.0% |
| Administrative expenses | $584,028 | $201,554 | -65.5% |
| Recordkeeping fees per participant | $62.95 | $38.18 | -39.3% |
| Employer contributions | $10,902,003 | $11,380,992 | 4.4% |
Prior filing 20241003132155NAL0017751184001, received 2024-10-03; the plan years are contiguous.
Sponsor name as filed: WEATHERFORD INTERNATIONAL, LLC; SEC registrant: WEATHERFORD INTERNATIONAL LLC /NEW/ (CIK 32908, matched by EIN).