Plan Snapshot
- Plan Sponsor: Seadrill Americas INC.
- Sponsor EIN: 208468993
- Sponsor Address: 4425 WESTWAY PARK BLVD, HOUSTON, TX, 77041
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 978
- Total Assets: $172.4M
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. |
|---|---|---|---|---|
| 2025 | 978 | $172.4M | $0 | $0 |
| 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 | $93,750 | — | $93,750 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $37,073 | — | $37,073 |
| MELTON & MELTON L.L.P. | Auditor | $18,000 | — | $18,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $148,823
- 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 |
|---|---|---|---|---|---|
| 2025 | $17,351,932 | $37,073 | $300 | $22,000 | — |
| 2024 | $3,662 | $15,381 | $300 | $35,500 | — |
| 2023 | -$24,324 | $6,621 | $600 | — | — |
| 2022 | $9,338 | $5,197 | — | — | — |