Woodside Energy USA Services Inc. 401(k) Review & Grade
Woodside Energy USA Services Inc. Retirement Savings Plan
Houston, TXManagement of Companies778 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$35,984Employer $ per active participant
$19,603Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$1.2BNet plan assets, end of year
$535,799Average balance per account
Score breakdown
- Employer generosity50.0 / 50100th percentile for employer $ per participant
- Low cost19.9 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving15.0 / 15100th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 80th |
| Employee saving | 100th |
| Peers that auto-enroll | 58% |
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
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,818,457 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,314 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Woodside Energy USA Services put in about $35,984 per active participant, more than the typical peer ($2,492). 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 | $27,995,230 |
| Participant (employee) contributions | $15,250,886 |
| Other contributions (incl. rollovers in) | $936,892 |
| Administrative expenses paid from the plan | $899,736 |
| Other admin expenses | $899,736 |
| Benefits paid out | $90,836,505 |
| Net assets, start / end of year | $1.1B / $1.2B |
| Active participants, start / end of year | 778 / 778 |
| Participants with account balances | 2,259 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ham ,langston & Brezina, L.L.P |
Largest service providers (Schedule C)
| Vanguard Advisers Inc. | $651,291 reported compensation |
| The Vanguard Group, Inc. | $116,271 reported compensation |
| Aon Investments USA Inc | $77,738 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251212150343NAL0008360833001, received 2025-12-12, EIN 94-3144067, plan #333, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.