# Saudi Aramco Rowan Offshore Drilling Company (A Ksa Joint Venture) 401(k) Plan
Source: https://planprovider.pro/companies/saudi-aramco-rowan-offshore-drilling-company-a-ksa-joint-venture-401k-plan

> Saudi Aramco Rowan Offshore Drilling Company (A Ksa Joint Venture)'s 401(k) plan: 171 participants, plan year 2024 financials, providers, and benchmarks from…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Saudi Aramco Rowan Offshore Drilling Company (A Ksa Joint Venture)

- **Sponsor EIN:** 981500138

- **Sponsor Address:** P.O. BOX 422130, HOUSTON, TX, 77042

- **Plan Type:** 401(k)

- **Total Participants:** 171

- **Total Assets:** $65.7M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **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|171|$65.7M|$1.7M|$2.7M|

| 2023|189|$65.7M|$1.6M|$2.7M|

| 2022|205|$53.9M|$1.5M|$2.4M|

## 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|

| MELTON & MELTON, LLP|Auditor|$12,146|—|$12,146|

### 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

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $12,146

- **Estimated Expense Ratio:** 0.018% 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|$100,848|—|$1,800|$12,146|—|

| 2023|$100,846|$62,276|—|—|—|

| 2022|$142,620|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/saudi-aramco-rowan-offshore-drilling-company-a-ksa-joint-venture-401k-plan)

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