Plan Snapshot
- Plan Sponsor: Schlumberger Technology Corporation
- Sponsor EIN: 221692661
- Sponsor Address: 3600 BRIARPARK DR., 3RD FLOOR, MD-4, HOUSTON, TX, 77042
- Plan Type: 401(k)
- Plan Number: 502
- Total Participants: 13,185
- Total Assets: $790.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 13,185 | $790.1M | $273.3M | $79.6M |
| 2023 | 13,691 | $798.2M | $242.9M | $62.2M |
| 2022 | 13,274 | $774.4M | $53.7M | $184.4M |
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 |
|---|---|---|---|---|
| ALIGHT SOLUTIONS LLC | Recordkeeper | $23,317,793 | — | $23,317,793 |
| CIGNA HEALTHCARE | Other Service Provider | $6,142,929 | — | $6,142,929 |
| NISA INVESTMENT ADVISORS L.L.C. | Other Service Provider | $661,450 | — | $661,450 |
| SIBSON CONSULTING | Other Service Provider | $260,450 | — | $260,450 |
| CARE OPERATIVE LLC | Other Service Provider | $243,773 | — | $243,773 |
| TOKIO MARINE | Other Service Provider | $208,800 | — | $208,800 |
| WILLIS TOWERS WATSON | Other Service Provider | $153,500 | — | $153,500 |
| BDO USA, P.C. | Auditor | $60,680 | — | $60,680 |
| NORTHERN TRUST COMPANY | Other Service Provider | $53,431 | — | $53,431 |
| PRINCIPAL | Recordkeeper | $14,000 | — | $14,000 |
| ERNST & YOUNG US LLP | Auditor | $12,360 | — | $12,360 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS LLC — Recordkeeper
- BDO USA, P.C. — Auditor
- PRINCIPAL — Recordkeeper
- ERNST & YOUNG US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,129,166
- Estimated Expense Ratio: 3.940% 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 | $17,905,593 | $704,076 | $6,511,498 | $53,252 | — |
| 2023 | $16,712,367 | $682,888 | $7,390,216 | — | — |
| 2022 | $23,019,109 | $833,256 | — | — | $11,490 |