KLX Energy Services Holdings, Inc 401(k) Review & Grade
KLX Energy Services 401(k) Plan
Houston, TXMining, Oil & Gas1,777 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,955Employer $ per active participant
$5,792Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$98.3MNet plan assets, end of year
$44,676Average balance per account
Score breakdown
- Employer generosity9.4 / 5019th percentile for employer $ per participant
- Low cost9.1 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 36th |
| Employee saving | 35th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
Corrective distributions: the plan refunded $944 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- KLX Energy Services Holdings put in about $1,955 per active participant, below the typical peer ($4,357). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,474,850 |
| Participant (employee) contributions | $10,293,178 |
| Other contributions (incl. rollovers in) | $759,246 |
| Administrative expenses paid from the plan | $308,067 |
| Contract administrator fees | $206,946 |
| Investment advisory & management fees | $59,186 |
| Benefits paid out | $11,415,144 |
| Net assets, start / end of year | $83.9M / $98.3M |
| Active participants, start / end of year | 1,860 / 1,694 |
| Participants with account balances | 2,201 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Calvetti Ferguson LLC |
Largest service providers (Schedule C)
| John Hancock | $212,345 reported compensation |
| Alliant Insurance Services, Inc. | $52,000 reported compensation |
| Calvetti Ferguson | $24,610 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250910114024NAL0013145219001, received 2025-09-10, EIN 47-2661164, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.