National Fuel Gas 401(k) match, vesting and fees
What National Fuel Gas' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | The Vanguard Group, Inc. | Schedule C ↗ |
| Independent auditor | Bonadio & Co., LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2025 medians for 46 defined-contribution plans in management of companies and enterprises with 1,000 to 4,999 participants.
| National Fuel Gas: employer contribution per participant | $7,773 | |
| Peer median | $2,622 |
| National Fuel Gas: average balance | $310,777 | |
| Peer median | $114,810 |
| National Fuel Gas: admin expenses ÷ assets | <0.01% | |
| Peer median | 0.11% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $444M at the end of plan year 2021 to $491M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 1,596 | $491M | $12.3M | $7,773 | <0.01% | Not published | Form 5500 ↗ |
| 2024 | 1,596 | $438M | $11.7M | $7,350 | <0.01% | Not published | Form 5500 ↗ |
| 2023 | 1,576 | $387M | $10.4M | $6,639 | <0.01% | Not published | Form 5500 ↗ |
| 2022 | 1,524 | $359M | $9.6M | $6,375 | <0.01% | Not published | Form 5500 ↗ |
| 2021 | 1,495 | $444M | $9M | $6,064 | <0.01% | Not published | Form 5500 ↗ |
Other National Fuel Gas plans (3)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
National Fuel Gas Company Tax Deferred Savings Plan
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | In addition, the Company makes an employer matching contribution that ranges from 1% to 3.5% of the participants' base pay depending upon rate of wage reduction contributions and, for certain union members, their years of service. | 2023 audit report, p. 29 ↗ |
| Match vesting | Participants' accounts, including all wage reduction contributions, employer matching contributions, and the earnings thereon, are at all times fully vested and nonforfeitable. Participants’ accounts within the Retirement Savings Account are 100% vested following five years of service for all pre-January 1, 2007 employer contributions, and following three years of service for all employer contributions thereafter. Forfeitures may be used to reduce Company contributions. Forfeitures amounted to $60,744 and $28,588 for the years ended December 31, 2023 and 2022, respectively. Unused forfeitures amounted to $26,898 and $10,812 at December 31, 2023 and 2022, respectively. | 2023 audit report, p. 29 ↗ |
| Roth contributions | Effective April 1, 2023, the Plan was amended to permit participants to make Roth 401(k) contributions to the Plan. Unlike traditional 401(k) plan contributions, Roth 401(k) contributions are included in the participant's taxable income in the year that the contribution is made to the Plan. The amount of the Roth 401(k) contribution is then excluded from the participant's taxable income in the year of withdrawal from the Plan. Any earnings that have accumulated on such Roth 401(k) contributions is also excluded from taxable income in the year of withdrawal from the Plan if the withdrawal occurs after both (i) the fifth year of participation in the Roth 401(k) option, and (ii) attainment of age 59 1⁄2, death or disability. | 2023 audit report, p. 28 ↗ |
| Loans | Plan participants may borrow from their accounts in accordance with certain Plan rules. The loans are collateralized by the participant’s account. Such loans are shown on the Statements of Net Assets Available for Benefits as Notes Receivable from Participants. Notes Receivable from Participants are valued at their unpaid principal balances. Delinquent participant loans are reclassified as distributions based upon the terms of the Plan document. | 2023 audit report, p. 30 ↗ |
| Recordkeeper | The Vanguard Group, Inc. | 2025 Schedule C ↗ |
| Independent auditor | Bonadio & Co., LLP (unmodified opinion) | 2025 Schedule H ↗ |
| Plan type and status | 401(k) · Active | 2025 Form 5500 ↗ |
Match, vesting and other plan features are from the plan year 2023 filing's audit report (the latest one extracted so far). Rows cited to the Form 5500 and its schedules are from the plan year 2025 filing.
National Fuel Gas Company Employee Stock Ownership Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Bonadio & Co., LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
National Fuel Gas Company Retirement Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Bonadio & Co., LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does National Fuel Gas match 401(k) contributions?
The match terms for the National Fuel Gas Company Tax Deferred Savings Plan for Non-Union Employees have not been published from its filing yet. The plan year 2025 filing reports $12.3M in employer contributions, about $7,773 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the National Fuel Gas 401(k) match vested?
The vesting schedule for the National Fuel Gas Company Tax Deferred Savings Plan for Non-Union Employees is not in the data published so far. Your Summary Plan Description states it.
Who manages the National Fuel Gas 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is The Vanguard Group, Inc.. The plan administrator is Tax-Deferred Savings Plan Committee.
I left National Fuel Gas. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Tax-Deferred Savings Plan Committee, (716) 857-7663) or the recordkeeper, The Vanguard Group, Inc.. The National Fuel Gas old 401(k) page lists the contacts from every plan filing. Find an old National Fuel Gas 401(k)
Data from the public Form 5500 annual reports National Fuel Gas filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with National Fuel Gas. Not financial advice. Report a correction · Methodology