Seadrill Americas Inc. 401(k) Review & Grade
Seadrill Americas Inc. 401(k) Retirement Savings Plan
Houston, TXMining, Oil & Gas539 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,290Employer $ per active participant
$9,272Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$146.6MNet plan assets, end of year
$145,541Average balance per account
Score breakdown
- Employer generosity38.7 / 5077th percentile for employer $ per participant
- Low cost24.8 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 99th |
| Employee saving | 70th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,528 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Seadrill Americas put in about $8,290 per active participant, more than the typical peer ($4,357). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $4,468,317 |
| Participant (employee) contributions | $4,997,369 |
| Other contributions (incl. rollovers in) | $2,372,317 |
| Administrative expenses paid from the plan | $3,662 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $15,381 |
| Other admin expenses | $75,000 |
| Benefits paid out | $14,944,081 |
| Net assets, start / end of year | $129.3M / $146.6M |
| Active participants, start / end of year | 435 / 643 |
| Participants with account balances | 1,007 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Melton & Melton |
Largest service providers (Schedule C)
| Morgan Stanley- the Mott Group | $75,000 reported compensation |
| Melton & Melton L.L.P. | $35,500 reported compensation |
| Strategic Advisors, Inc. | $15,381 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731091354NAL0005790369001, received 2025-07-31, EIN 20-8468993, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.