Plan Snapshot
- Plan Sponsor: Parker Drilling Company
- Sponsor EIN: 730618660
- Sponsor Address: 2103 CITYWEST BLVD SUITE 400, HOUSTON, TX, 77042
- Plan Type: 401(k)
- Total Participants: 891
- Total Assets: $96.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 891 | $96.5M | $3.8M | $5.9M |
| 2023 | 991 | $85.5M | $3.6M | $5.6M |
| 2022 | 829 | $72.3M | $3.1M | $4.7M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $33,972 | — | $33,972 |
| MELTON & MELTON LLP | AUDITOR | $32,000 | — | $32,000 |
| DOEREN MAYHEW ASSURANCE | Auditor | $32,000 | — | $32,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MELTON & MELTON LLP — AUDITOR
- DOEREN MAYHEW ASSURANCE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $97,972
- Estimated Expense Ratio: 0.102% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $66,572 | — | — | $32,000 | — |
| 2023 | $84,356 | — | — | — | — |
| 2022 | $107,773 | — | $46,895 | — | — |