Innovex Downhole Solutions 401(k) Plan: Login, Facts & Contact Information
Innovex Downhole Solutions 401(k) Login
515 former Innovex Downhole Solutions employees still have money in this plan.
Retirement plan providers can change. This information is from the plan's 2023 filing.
Innovex Downhole Solutions 401(k) Plan Facts
Source: Form 5500 for plan year 2023 (Jan 1, 2023 – Dec 31, 2023), filed Oct 15, 2024. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2023
- $6.20 million went into the plan in contributions, $1.68 million of it from the employer (27%).
- $3.98 million was paid out to participants.
- Investment and other income added $4.45 million.
- Administrative expenses were $88,483, about $75 per account.
How the Innovex Downhole Solutions 401(k) changed, 2018–2023
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2018 | 643 | $12.8 million | $801 | $1.55 million |
| 2019 | 895 | $23.3 million | $1.78 million | $2.50 million |
| 2020 | 946 | $21.9 million | $721,785 | $7.43 million |
| 2021 | 987 | $28.4 million | $145,503 | $3.45 million |
| 2022 | 1,086 | $25.7 million | $1.35 million | $3.06 million |
| 2023 | 1,385 | $32.3 million | $1.68 million | $3.98 million |
Innovex Downhole Solutions 401(k) Contact Information
Questions about the Innovex Downhole Solutions 401(k)
Does Innovex Downhole Solutions contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $1.68 million, 27% of all contributions.
Does the Innovex Downhole Solutions 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the Innovex Downhole Solutions 401(k) plan?
1,385 participants at the start of plan year 2023, 908 of them active employees, and 515 former employees who still had money in the plan.
What is the average 401(k) balance at Innovex Downhole Solutions?
About $27,181 per account: $32.3 million in plan assets across 1,187 accounts with a balance at the end of plan year 2023.
Who manages the Innovex Downhole Solutions 401(k) accounts?
Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.
I no longer work at Innovex Downhole Solutions. How do I access my 401(k)?
Your account stays with Empower after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.