Department of Labor filing

WORLDWIDE OILFIELD MACHINE, INC.

WORLDWIDE OILFIELD MACHINE, INC. 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Sep 30, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

35filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$1,432

Reported employer contributions per active participant.

Higher than about 26% of comparable plans

#People in the filing

409

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$170 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 56% of comparable plans

↗Investment performance

Not available

Plan assets changed 13.0%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202435out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions26th percentileTypical peer $2,293 · based on 622 comparable plans

Lower reported administrative expense56th percentileTypical peer $193 · based on 639 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, WORLDWIDE OILFIELD MACHINE, INC. reported $585,584 in employer contributions across the plan and 409 active participants. That works out to $1,432 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy88%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 40.3%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 24.9%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context35/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $585,584
Participant contributions: $1,580,104
Other contributions: $1,639
Employer share of reported contributions: 27.0%
Beginning assets: $17,848,864
Ending assets: $20,170,767
Ending net assets: $20,170,767
Ending liabilities: $0
Total income: $4,137,726
Total expenses: $1,815,823
Administrative expenses: $68,116
Participant loans: $517,801

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$1,020

2023

$1,260

2024

$1,432

Plan-paid administrative expenses per participant

2022

$227

2023

$215

2024

$170

Active participants

2022

348

2023

380

2024

409

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$1,432	409	20.2M	20250930050604NAL0005338643001
2023	$1,260	380	17.8M	20241015115416NAL0014539475001
2022	$1,020	348	14.8M	20240325144026NAL0006669891001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 2.6%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 742108584-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1993
Industry: Industry group 333
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2T3D3H

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
AMERICAN CENTURY INVESTMENT SERVICE	2024	Not reported	unknown
AMERICAN FUNDS DISTRIBUTORS, INC.	2024	Not reported	unknown
BLACKROCK INVESTMENTS, INC.	2024	Not reported	unknown
INVESCO	2024	Not reported	unknown
J.P. MORGAN INVESTMENT MANAGEMENT	2024	Not reported	unknown
STATE STREET GLOBAL MARKETS	2024	Not reported	unknown
T. ROWE PRICE	2024	Not reported	unknown
VANGUARD	2024	Not reported	unknown

Current plan terms

Help fill the gap the filing leaves.

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Filing ACK_ID20250930050604NAL0005338643001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗