# Parker Drilling Company 401(k) Plan
Source: https://planprovider.pro/companies/parker-drilling-company-401k-plan

> Parker Drilling Company's 401(k) plan: 891 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/melton-and-melton-llp) — AUDITOR

- [DOEREN MAYHEW ASSURANCE](https://planprovider.pro/provider/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|—|—|

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