Championx LLC 401(k) Review & Grade
Championx 401(k) Plan
Sugar Land, TXMining, Oil & Gas4,226 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,310Employer $ per active participant
$8,983Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$724.1MNet plan assets, end of year
$139,495Average balance per account
Score breakdown
- Employer generosity45.2 / 5090th percentile for employer $ per participant
- Low cost17.7 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1579th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score75 / 100 · Grade A
This plan vs. peers
Peers: all industries, plans with 2,500–9,999 active participants (fewer than 30 industry peers) (2,386 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 71th |
| Employee saving | 79th |
| Peers that auto-enroll | 52% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $24,569 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Championx put in about $7,310 per active participant, more than the typical peer ($2,062). 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.
- 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 | $30,888,899 |
| Participant (employee) contributions | $37,957,224 |
| Other contributions (incl. rollovers in) | $4,156,980 |
| Administrative expenses paid from the plan | $437,061 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $201,879 |
| Benefits paid out | $68,779,595 |
| Net assets, start / end of year | $633.0M / $724.1M |
| Active participants, start / end of year | 4,304 / 4,147 |
| Participants with account balances | 5,191 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Weaver and Tidwell LLP. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $235,232 reported compensation |
| Strategic Advisors, Inc. | $201,879 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001094038NAL0014025456001, received 2025-10-01, EIN 36-1520480, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.