Plan Ledger DOL Form 5500 · updated monthly

Klx Energy Services Holdings, Inc401(k)

KLX ENERGY SERVICES 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.34%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Klx Energy Services Holdings, Inc reported $308,067 in plan administrative expenses for 2024: 0.34% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,051 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.27% to 0.34%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is the 661st-largest of 5,688 plans among Texas employers on file, and the 113th of 612 in mining, oil & gas extraction. In 2024, employees put in $2.96 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$98,332,208
Participants with balances2,201
Active participants1,694
Employer contributions$3,474,850
Employee contributions$10,293,178
Employer contribution per active participant$2,051
Average account balance$44,676
Benefits paid to participants$11,415,144
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$98.3M · 2,201 accts · $3.5M emplr
2023$83.9M · 2,362 accts · $3.4M emplr
2022$57.5M · 1,964 accts · $2.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$206,946
Investment management$59,186
Audit (IQPA)$41,935
Total administrative$308,067
The Klx Energy Services Holdings, Inc 401(k) match · 2024
Employer contribution per active participant$2,051
Median for plans this size$3,635
2024$2,051 per active participant
2023$1,836 per active participant
2022$1,484 per active participant

Klx Energy Services Holdings, Inc's 2024 employer contribution ran below the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
JOHN HANCOCK · Recordkeeping · Loan processing$212,345
ALLIANT INSURANCE SERVICES, INC. · Investment advisory (plan)$52,000
CALVETTI FERGUSON · Accounting / audit$24,610
WEAVER AND TIDWELL, LLP · Accounting / audit$17,325

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$308,067 · 0.34%
2023$295,547 · 0.42%
2022$169,701 · 0.27%
Similar plansMining, Oil & Gas Extraction · Texas
Profrac Holdings II, LLC TX$103.9M · 0.31%
Citation Oil & Gas Corp. TX$99.9M · 0.22%
Key Energy Services, Inc. TX$99.9M · 0.17%
Parker Drilling Company TX$96.5M · 0.07%
Kodiak Gas Services, LLC TX$94.0M · 0.14%
Mrc Energy Company TX$92.9M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472661164 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.