Worley Group Inc. 401(k) Review & Grade
Worley Group Inc. 401(k) Plan
Houston, TXProfessional, Scientific & Technical Services5,880 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,246Employer $ per active participant
$9,605Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$1.4BNet plan assets, end of year
$227,338Average balance per account
Score breakdown
- Employer generosity34.3 / 5069th percentile for employer $ per participant
- Low cost21.4 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving7.8 / 1552th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 86th |
| Employee saving | 52th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($20,562 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $10,393 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Worley Group put in about $4,246 per active participant, more than the typical peer ($2,951). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $24,965,988 |
| Participant (employee) contributions | $56,470,557 |
| Other contributions (incl. rollovers in) | $13,620,191 |
| Administrative expenses paid from the plan | $509,939 |
| Contract administrator fees | $509,939 |
| Benefits paid out | $161,683,983 |
| Net assets, start / end of year | $1.3B / $1.4B |
| Active participants, start / end of year | 5,980 / 5,779 |
| Participants with account balances | 6,174 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $509,939 reported compensation |
| Alliant Retirement Consulting | $115,000 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015161024NAL0005084689001, received 2025-10-15, EIN 94-2624994, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.