WORLDWIDE OILFIELD MACHINE, INC. 401(K) PLAN

Plan Contact

  • Address: 11809 CANEMONT STREET,HOUSTON,TX
  • Contact person: SHANADOLYN JOHNSON
  • Phone: (713) 729-9200

Plan General Information

WORLDWIDE OILFIELD MACHINE, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of WORLDWIDE OILFIELD MACHINE, INC. 401(K) PLAN is $17,848,864.00.This plan was established in 1993.

WORLDWIDE OILFIELD MACHINE, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in WORLDWIDE OILFIELD MACHINE, INC. 401(K) PLAN is 409

WORLDWIDE OILFIELD MACHINE, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for WORLDWIDE OILFIELD MACHINE, INC. 401(K) PLAN is $43,640.00

WORLDWIDE OILFIELD MACHINE, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for WORLDWIDE OILFIELD MACHINE, INC. 401(K) PLAN is $3,200.00.

WORLDWIDE OILFIELD MACHINE, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in WORLDWIDE OILFIELD MACHINE, INC. 401(K) PLAN is approximately $1,170.00
Investing in this additonal $1,170.00 for 20 years would give you extra $74,935.00, assuming a 10% annual return.

WORLDWIDE OILFIELD MACHINE, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, WORLDWIDE OILFIELD MACHINE, INC. 401(K) PLAN allocates $478,882.00 to match its employees' contributions, providing an employer match rate of 37.08% of their contributions

WORLDWIDE OILFIELD MACHINE, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of WORLDWIDE OILFIELD MACHINE, INC. 401(K) PLAN is 20.26%.

WORLDWIDE OILFIELD MACHINE, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for WORLDWIDE OILFIELD MACHINE, INC. 401(K) PLAN is 15.11%. This measures the effectiveness of the plan participants' investments in the year.

WORLDWIDE OILFIELD MACHINE, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of WORLDWIDE OILFIELD MACHINE, INC. 401(K) PLAN is 0.49%.

Enrollment Features

WORLDWIDE OILFIELD MACHINE, INC. 401(K) PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

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