Oceaneering International, Inc. 401(k) Review & Grade
Oceaneering Retirement Investment Plan
Houston, TXProfessional, Scientific & Technical Services3,834 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,387Employer $ per active participant
$9,895Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$828.6MNet plan assets, end of year
$162,338Average balance per account
Score breakdown
- Employer generosity41.7 / 5083th percentile for employer $ per participant
- Low cost19.2 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 77th |
| Employee saving | 54th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,852 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $231 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Oceaneering International put in about $6,387 per active participant, more than the typical peer ($2,951). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $24,486,221 |
| Participant (employee) contributions | $37,931,134 |
| Other contributions (incl. rollovers in) | $4,585,353 |
| Administrative expenses paid from the plan | $417,130 |
| Contract administrator fees | $900 |
| Other admin expenses | $97,882 |
| Benefits paid out | $88,900,858 |
| Net assets, start / end of year | $734.2M / $828.6M |
| Active participants, start / end of year | 3,744 / 3,923 |
| Participants with account balances | 5,104 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Harper & Pearson Company P.C. |
| Employer stock held by plan | $116,718,835 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $288,648 reported compensation |
| Cook Street | $73,411 reported compensation |
| Harper & Pearson Company, P.C. | $30,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250724210936NAL0003049139001, received 2025-07-24, EIN 95-2628227, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.