Plan Snapshot
- Plan Sponsor: Seadrill Americas INC.
- Sponsor EIN: 208468993
- Sponsor Address: 11025 EQUITY DRIVE, SUITE 150, HOUSTON, TX, 77041
- Plan Type: 401(k)
- Total Participants: 643
- Total Assets: $146.6M
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 | 643 | $146.6M | $4.5M | $5.0M |
| 2023 | 435 | $129.3M | $3.4M | $3.9M |
| 2022 | 397 | $116.9M | $3.4M | $4.0M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY- THE MOTT GROUP | INVESTMENT ADVISOR | $75,000 | — | $75,000 |
| MELTON & MELTON L.L.P. | ACCOUNTANT/AUDITOR | $35,500 | — | $35,500 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $15,381 | — | $15,381 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY- THE MOTT GROUP — INVESTMENT ADVISOR
- MELTON & MELTON L.L.P. — ACCOUNTANT/AUDITOR
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $125,881
- Estimated Expense Ratio: 0.086% 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 | $3,662 | $15,381 | $300 | $35,500 | — |
| 2023 | -$24,324 | $6,621 | $600 | — | — |
| 2022 | $9,338 | $5,197 | — | — | — |