Klx Energy Services Holdings, Inc. 401(k) Plan: Login, Facts & Contact Information

Klx Energy Services Holdings, Inc. 401(k) Plan Facts

Plan name
KLX ENERGY SERVICES 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
KLX ENERGY SERVICES HOLDINGS, INC
Participants
2,773 (1,860 active employees)
Former employees with a balance
644
Plan assets
$83,920,610 at Dec 31, 2023
Average account balance
$35,529 across 2,362 accounts
Employer contributions
$3,415,886 in plan year 2023 (25% of all contributions)
Recordkeeper
John Hancock
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Aug 1, 2004
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2023 (Jan 1, 2023 – Dec 31, 2023), filed Sep 4, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $13.8 million went into the plan in contributions, $3.42 million of it from the employer (25%).
  • $9.52 million was paid out to participants.
  • Investment and other income added $11.3 million.
  • Administrative expenses were $295,547, about $125 per account.

How the Klx Energy Services Holdings, Inc. 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20181,317$23.7 million$671,630$325,984
20191,494$37.3 million$4.22 million$4.50 million
2020 (final)1,571$0$1.90 million$17.3 million
20232,773$83.9 million$3.42 million$9.52 million

Klx Energy Services Holdings, Inc. 401(k) Contact Information

Phone
713-623-7103
Mailing address
3040 POST OAK BLVD., 15TH FLOOR, HOUSTON TX 77056
Plan sponsor
KLX ENERGY SERVICES HOLDINGS, INC
Employer identification number (EIN)
36-4904146
Plan number
001

Questions about the Klx Energy Services Holdings, Inc. 401(k)

Does Klx Energy Services Holdings, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $3.42 million, 25% of all contributions.

Does the Klx Energy Services Holdings, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Klx Energy Services Holdings, Inc 401(k) plan?

2,773 participants at the start of plan year 2023, 1,860 of them active employees, and 644 former employees who still had money in the plan.

What is the average 401(k) balance at Klx Energy Services Holdings, Inc?

About $35,529 per account: $83.9 million in plan assets across 2,362 accounts with a balance at the end of plan year 2023.

Who manages the Klx Energy Services Holdings, Inc 401(k) accounts?

John Hancock is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Klx Energy Services Holdings, Inc. How do I access my 401(k)?

Your account stays with John Hancock 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.

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