NPK International Inc. 401(k) Review & Grade
Newpark Resources, Inc. Savings & Investment Plan
The Woodlands, TXMining, Oil & Gas611 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,467Employer $ per active participant
$8,340Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$44.9MNet plan assets, end of year
$65,123Average balance per account
Score breakdown
- Employer generosity25.8 / 5052th percentile for employer $ per participant
- Low cost14.1 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving9.3 / 1562th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 56th |
| Employee saving | 62th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- NPK International put in about $4,467 per active participant, more than the typical peer ($4,357). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $2,729,578 |
| Participant (employee) contributions | $5,095,701 |
| Other contributions (incl. rollovers in) | $191,990 |
| Administrative expenses paid from the plan | $119,080 |
| Benefits paid out | $8,561,294 |
| Net assets, start / end of year | $82.6M / $44.9M |
| Active participants, start / end of year | 625 / 597 |
| Participants with account balances | 689 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Desroches Partners, LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $117,284 reported compensation |
| National Financial Services | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007152932NAL0008433760001, received 2025-10-07, EIN 72-1123385, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.