National Oilwell Varco Employee Benefit: 401K Plan | Glassdoor

National Oilwell Varco 401K Plan

Updated Jul 05, 2017

184 employees reported this benefit


Employer Summary

Available to regular full-time and regular part-time employees.

Employees may contribute from 1% up to 100% of their eligible base and overtime pay. After one year of service, NOV matches every dollar an employee invests in the 401(K) plan, up to a maximum of 4% of eligible base pay and overtime. In addition to the match, after one year of service, NOV will contribute an employer retirement contribution equal to a percentage of eligible base pay and overtime. The percentage is based on length of service. Speak to your recruiter for more details.

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Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 47
  • Jan 02, 2019
    StarStarStarStarStar Former Field Service Tech in Victoria, Texas

    pretty good 401K plan there

  • Jul 16, 2018
    StarStarStarStarStar Former Employee in Houston, Texas

    401k is Fine. Depending on the person's contribution.

  • Aug 03, 2017
    StarStarStarStarStar Former Quality Assurance in Houston, Texas

    Normal 401k plan matched up to 6%

  • Jun 13, 2017
    StarStarStarStarStar Former Human Resources Representative in Houston, Texas

    up to 6% after one year of service. Not to bad in my opinion.

  • May 17, 2017
    StarStarStarStarStar Former Senior Technical Writer in Houston, Texas

    NOV was matching employee contributions but I think that changed in 2016. They did still contribute, but I don't think it was a matching contribution.

  • Mar 28, 2017
    StarStarStarStarStar Former Business Development Manager in Houston, Texas

    Good matching program: 100% up to 4% of salary.

  • Mar 20, 2017
    StarStarStarStarStar Current Financial Analyst in Houston, Texas

    Same as other companies

  • Feb 22, 2017
    StarStarStarStarStar Current Buyer in Houston, Texas

    Match 4% plus another contribution percentage based off years with the company.

  • Jan 18, 2017
    StarStarStarStarStar Current CNC Machinist in Dayton, Ohio

    Match 4% that better than any other place I've worked

  • Jan 16, 2017
    StarStarStarStarStar Current Employee in Houston, Texas

    Average I guess, they contribute up to 4%

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