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MCDERMOTT (U.S.) RETIREMENT PLAN 401k Plan overview

Plan NameMCDERMOTT (U.S.) RETIREMENT PLAN
Plan identification number 003

MCDERMOTT (U.S.) RETIREMENT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

J. RAY MCDERMOTT HOLDINGS, LLC has sponsored the creation of one or more 401k plans.

Company Name:J. RAY MCDERMOTT HOLDINGS, LLC
Employer identification number (EIN):721280625
NAIC Classification:237990
NAIC Description:Other Heavy and Civil Engineering Construction

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MCDERMOTT (U.S.) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01
0032021-01-01
0032020-01-01
0032019-01-01
0032018-01-01
0032017-01-01ANDREW LEYS
0032017-01-01ANDREW LEYS
0032016-01-01ANDREW LEYS
0032015-01-01ANDREW LEYS
0032014-01-01STEVE ALLEN
0032013-01-01STEVE ALLEN
0032012-01-01GARY L. CARLSON
0032011-01-01GARY L. CARLSON
0032010-01-01GARY L. CARLSON
0032009-01-01ROCHELLE WALD ROCHELLE WALD2010-10-15

Plan Statistics for MCDERMOTT (U.S.) RETIREMENT PLAN

401k plan membership statisitcs for MCDERMOTT (U.S.) RETIREMENT PLAN

Measure Date Value
2022: MCDERMOTT (U.S.) RETIREMENT PLAN 2022 401k membership
Market value of plan assets2022-12-31491,717,099
Acturial value of plan assets2022-12-31491,717,099
Funding target for retired participants and beneficiaries receiving payment2022-12-31413,664,562
Number of terminated vested participants2022-12-31509
Fundng target for terminated vested participants2022-12-3133,998,400
Active participant vested funding target2022-12-319,411,901
Number of active participants2022-12-3159
Total funding liabilities for active participants2022-12-319,416,446
Total participant count2022-12-314,185
Total funding target for all participants2022-12-31457,079,408
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-316,422,328
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-316,422,328
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-316,441,595
Total employer contributions2022-12-310
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31900,000
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-014,185
Total number of active participants reported on line 7a of the Form 55002022-01-0112
Number of retired or separated participants receiving benefits2022-01-012,562
Number of other retired or separated participants entitled to future benefits2022-01-01199
Total of all active and inactive participants2022-01-012,773
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011,053
Total participants2022-01-013,826
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: MCDERMOTT (U.S.) RETIREMENT PLAN 2021 401k membership
Market value of plan assets2021-12-31517,954,888
Acturial value of plan assets2021-12-31517,954,888
Funding target for retired participants and beneficiaries receiving payment2021-12-31445,937,928
Number of terminated vested participants2021-12-31521
Fundng target for terminated vested participants2021-12-3139,392,855
Active participant vested funding target2021-12-3111,396,246
Number of active participants2021-12-3167
Total funding liabilities for active participants2021-12-3111,402,037
Total participant count2021-12-314,158
Total funding target for all participants2021-12-31496,732,820
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3110,414,085
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-314,847,362
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-315,566,723
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-316,422,328
Total employer contributions2021-12-310
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31700,000
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-014,158
Total number of active participants reported on line 7a of the Form 55002021-01-0159
Number of retired or separated participants receiving benefits2021-01-012,642
Number of other retired or separated participants entitled to future benefits2021-01-01483
Total of all active and inactive participants2021-01-013,184
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011,001
Total participants2021-01-014,185
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: MCDERMOTT (U.S.) RETIREMENT PLAN 2020 401k membership
Market value of plan assets2020-12-31481,496,209
Acturial value of plan assets2020-12-31481,496,209
Funding target for retired participants and beneficiaries receiving payment2020-12-31434,336,731
Number of terminated vested participants2020-12-31564
Fundng target for terminated vested participants2020-12-3138,815,150
Active participant vested funding target2020-12-3111,762,956
Number of active participants2020-12-3175
Total funding liabilities for active participants2020-12-3111,777,591
Total participant count2020-12-314,293
Total funding target for all participants2020-12-31484,929,472
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3115,465,262
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-316,666,610
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-318,798,652
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-3110,414,085
Total employer contributions2020-12-310
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-310
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31700,000
Net shortfall amortization installment of oustanding balance2020-12-3113,847,348
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-314,847,362
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-314,847,362
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-014,293
Total number of active participants reported on line 7a of the Form 55002020-01-0167
Number of retired or separated participants receiving benefits2020-01-012,639
Number of other retired or separated participants entitled to future benefits2020-01-01482
Total of all active and inactive participants2020-01-013,188
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-01970
Total participants2020-01-014,158
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: MCDERMOTT (U.S.) RETIREMENT PLAN 2019 401k membership
Market value of plan assets2019-12-31439,801,455
Acturial value of plan assets2019-12-31439,801,455
Funding target for retired participants and beneficiaries receiving payment2019-12-31404,703,494
Number of terminated vested participants2019-12-31608
Fundng target for terminated vested participants2019-12-3135,480,105
Active participant vested funding target2019-12-3110,737,671
Number of active participants2019-12-3177
Total funding liabilities for active participants2019-12-3110,806,344
Total participant count2019-12-314,384
Total funding target for all participants2019-12-31450,989,943
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3119,602,464
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-313,425,412
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-3116,177,052
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-3115,465,262
Total employer contributions2019-12-310
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-310
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-311,200,000
Net shortfall amortization installment of oustanding balance2019-12-3126,653,750
Total funding amount beforereflecting carryover/prefunding balances2019-12-316,666,610
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-316,666,610
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-01-014,384
Total number of active participants reported on line 7a of the Form 55002019-01-0175
Number of retired or separated participants receiving benefits2019-01-012,721
Number of other retired or separated participants entitled to future benefits2019-01-01522
Total of all active and inactive participants2019-01-013,318
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-01975
Total participants2019-01-014,293
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: MCDERMOTT (U.S.) RETIREMENT PLAN 2018 401k membership
Market value of plan assets2018-12-31496,831,537
Acturial value of plan assets2018-12-31496,831,537
Funding target for retired participants and beneficiaries receiving payment2018-12-31429,620,961
Number of terminated vested participants2018-12-31668
Fundng target for terminated vested participants2018-12-3142,696,144
Active participant vested funding target2018-12-3112,420,240
Number of active participants2018-12-3179
Total funding liabilities for active participants2018-12-3112,483,017
Total participant count2018-12-314,548
Total funding target for all participants2018-12-31484,800,122
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-3122,471,029
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-314,731,243
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-3117,739,786
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-3119,602,464
Total employer contributions2018-12-310
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-310
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-311,300,000
Net shortfall amortization installment of oustanding balance2018-12-317,571,049
Total funding amount beforereflecting carryover/prefunding balances2018-12-313,425,412
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-313,425,412
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
Total participants, beginning-of-year2018-01-014,478
Total number of active participants reported on line 7a of the Form 55002018-01-0177
Number of retired or separated participants receiving benefits2018-01-012,782
Number of other retired or separated participants entitled to future benefits2018-01-01567
Total of all active and inactive participants2018-01-013,426
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-01958
Total participants2018-01-014,384
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: MCDERMOTT (U.S.) RETIREMENT PLAN 2017 401k membership
Market value of plan assets2017-12-31484,960,539
Acturial value of plan assets2017-12-31484,960,539
Funding target for retired participants and beneficiaries receiving payment2017-12-31425,972,427
Number of terminated vested participants2017-12-31727
Fundng target for terminated vested participants2017-12-3144,251,459
Active participant vested funding target2017-12-3112,748,342
Number of active participants2017-12-3189
Total funding liabilities for active participants2017-12-3112,864,579
Total participant count2017-12-314,643
Total funding target for all participants2017-12-31483,088,465
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3125,735,221
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-314,512,111
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-3121,223,110
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-3122,471,029
Total employer contributions2017-12-310
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-310
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-311,100,000
Net shortfall amortization installment of oustanding balance2017-12-3120,598,955
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-314,731,243
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-314,731,243
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
Total participants, beginning-of-year2017-01-014,571
Total number of active participants reported on line 7a of the Form 55002017-01-0179
Number of retired or separated participants receiving benefits2017-01-012,853
Number of other retired or separated participants entitled to future benefits2017-01-01617
Total of all active and inactive participants2017-01-013,549
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-01929
Total participants2017-01-014,478
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: MCDERMOTT (U.S.) RETIREMENT PLAN 2016 401k membership
Market value of plan assets2016-12-31494,145,306
Acturial value of plan assets2016-12-31494,145,306
Funding target for retired participants and beneficiaries receiving payment2016-12-31425,328,479
Number of terminated vested participants2016-12-31767
Fundng target for terminated vested participants2016-12-3146,170,556
Active participant vested funding target2016-12-3120,322,451
Number of active participants2016-12-31146
Total funding liabilities for active participants2016-12-3120,540,920
Total participant count2016-12-314,750
Total funding target for all participants2016-12-31492,039,955
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-3126,754,570
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-3126,754,570
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-3125,735,221
Total employer contributions2016-12-310
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31900,000
Net shortfall amortization installment of oustanding balance2016-12-3123,629,870
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-314,512,111
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-314,512,111
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-014,680
Total number of active participants reported on line 7a of the Form 55002016-01-0189
Number of retired or separated participants receiving benefits2016-01-012,904
Number of other retired or separated participants entitled to future benefits2016-01-01674
Total of all active and inactive participants2016-01-013,667
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-01904
Total participants2016-01-014,571
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: MCDERMOTT (U.S.) RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-014,762
Total number of active participants reported on line 7a of the Form 55002015-01-01146
Number of retired or separated participants receiving benefits2015-01-012,932
Number of other retired or separated participants entitled to future benefits2015-01-01698
Total of all active and inactive participants2015-01-013,776
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-01904
Total participants2015-01-014,680
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: MCDERMOTT (U.S.) RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-016,132
Total number of active participants reported on line 7a of the Form 55002014-01-01202
Number of retired or separated participants receiving benefits2014-01-012,940
Number of other retired or separated participants entitled to future benefits2014-01-01766
Total of all active and inactive participants2014-01-013,908
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-01854
Total participants2014-01-014,762
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: MCDERMOTT (U.S.) RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-016,224
Total number of active participants reported on line 7a of the Form 55002013-01-01325
Number of retired or separated participants receiving benefits2013-01-012,845
Number of other retired or separated participants entitled to future benefits2013-01-012,122
Total of all active and inactive participants2013-01-015,292
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-01840
Total participants2013-01-016,132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: MCDERMOTT (U.S.) RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-016,285
Total number of active participants reported on line 7a of the Form 55002012-01-01566
Number of retired or separated participants receiving benefits2012-01-012,791
Number of other retired or separated participants entitled to future benefits2012-01-012,086
Total of all active and inactive participants2012-01-015,443
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-01781
Total participants2012-01-016,224
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-011
2011: MCDERMOTT (U.S.) RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-016,348
Total number of active participants reported on line 7a of the Form 55002011-01-01594
Number of retired or separated participants receiving benefits2011-01-012,756
Number of other retired or separated participants entitled to future benefits2011-01-012,212
Total of all active and inactive participants2011-01-015,562
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-01723
Total participants2011-01-016,285
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: MCDERMOTT (U.S.) RETIREMENT PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-012,925
Total number of active participants reported on line 7a of the Form 55002010-01-01609
Number of retired or separated participants receiving benefits2010-01-012,693
Number of other retired or separated participants entitled to future benefits2010-01-012,322
Total of all active and inactive participants2010-01-015,624
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-01724
Total participants2010-01-016,348
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: MCDERMOTT (U.S.) RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-012,933
Total number of active participants reported on line 7a of the Form 55002009-01-01643
Number of retired or separated participants receiving benefits2009-01-01827
Number of other retired or separated participants entitled to future benefits2009-01-011,350
Total of all active and inactive participants2009-01-012,820
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-01105
Total participants2009-01-012,925
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on MCDERMOTT (U.S.) RETIREMENT PLAN

Measure Date Value
2022 : MCDERMOTT (U.S.) RETIREMENT PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-90,796,945
Total unrealized appreciation/depreciation of assets2022-12-31$-90,796,945
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$811,287
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$3,768,540
Total income from all sources (including contributions)2022-12-31$-68,074,877
Total loss/gain on sale of assets2022-12-31$12,039,101
Total of all expenses incurred2022-12-31$56,614,438
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$55,588,922
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$0
Value of total assets at end of year2022-12-31$365,820,056
Value of total assets at beginning of year2022-12-31$493,466,624
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$1,025,516
Total interest from all sources2022-12-31$11,291,303
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2022-12-31$0
Administrative expenses professional fees incurred2022-12-31$446,625
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$10,000,000
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Assets. Other investments not covered elsewhere at end of year2022-12-31$7,281,226
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$10,224,348
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$3,182,892
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$9,056,857
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$811,287
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$1,771,108
Other income not declared elsewhere2022-12-31$141,441
Administrative expenses (other) incurred2022-12-31$375,492
Liabilities. Value of operating payables at beginning of year2022-12-31$1,997,432
Total non interest bearing cash at end of year2022-12-31$632,276
Total non interest bearing cash at beginning of year2022-12-31$632,233
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-124,689,315
Value of net assets at end of year (total assets less liabilities)2022-12-31$365,008,769
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$489,698,084
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$203,399
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$22,299,946
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$77,913,800
Value of interest in pooled separate accounts at end of year2022-12-31$3,922,033
Interest earned on other investments2022-12-31$435,865
Income. Interest from US Government securities2022-12-31$4,750,149
Income. Interest from corporate debt instruments2022-12-31$6,109,098
Value of interest in common/collective trusts at beginning of year2022-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$175,225
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$-163,447
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$-163,447
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$-3,809
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$571,554
Asset value of US Government securities at end of year2022-12-31$211,061,054
Asset value of US Government securities at beginning of year2022-12-31$240,721,286
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$632,189
Net investment gain/loss from pooled separate accounts2022-12-31$-1,381,966
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31Yes
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$55,588,922
Asset. Corporate debt instrument preferred debt at end of year2022-12-31$59,280,793
Asset. Corporate debt instrument preferred debt at beginning of year2022-12-31$77,030,143
Asset. Corporate debt instrument debt (other) at end of year2022-12-31$57,413,057
Asset. Corporate debt instrument debt (other) at beginning of year2022-12-31$78,051,403
Assets. Corporate common stocks other than exployer securities at beginning of year2022-12-31$1
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$138,833,435
Aggregate carrying amount (costs) on sale of assets2022-12-31$126,794,334
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31CALVETTI FERGUSON
Accountancy firm EIN2022-12-31134255527
2021 : MCDERMOTT (U.S.) RETIREMENT PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$-12,274,233
Total unrealized appreciation/depreciation of assets2021-12-31$-12,274,233
Total transfer of assets to this plan2021-12-31$6,272,405
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$3,768,540
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$2,335,053
Total income from all sources (including contributions)2021-12-31$2,983,040
Total loss/gain on sale of assets2021-12-31$4,366,295
Total of all expenses incurred2021-12-31$37,139,549
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$33,442,783
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$0
Value of total assets at end of year2021-12-31$493,466,624
Value of total assets at beginning of year2021-12-31$519,917,241
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$3,696,766
Total interest from all sources2021-12-31$11,005,434
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$2,247
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2021-12-31$0
Administrative expenses professional fees incurred2021-12-31$1,553,969
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Assets. Other investments not covered elsewhere at end of year2021-12-31$10,224,348
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$11,776,042
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$9,056,857
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$3,341,954
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$1,771,108
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$1,962,354
Other income not declared elsewhere2021-12-31$-119,010
Administrative expenses (other) incurred2021-12-31$848,560
Liabilities. Value of operating payables at end of year2021-12-31$1,997,432
Liabilities. Value of operating payables at beginning of year2021-12-31$372,699
Total non interest bearing cash at end of year2021-12-31$632,233
Total non interest bearing cash at beginning of year2021-12-31$1,144,376
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-34,156,509
Value of net assets at end of year (total assets less liabilities)2021-12-31$489,698,084
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$517,582,188
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$1,294,237
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$77,913,800
Interest earned on other investments2021-12-31$434,165
Income. Interest from US Government securities2021-12-31$3,635,865
Income. Interest from corporate debt instruments2021-12-31$6,938,831
Value of interest in common/collective trusts at end of year2021-12-31$0
Value of interest in common/collective trusts at beginning of year2021-12-31$84,782,587
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$-163,447
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$6,053,731
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$6,053,731
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$-3,427
Asset value of US Government securities at end of year2021-12-31$240,721,286
Asset value of US Government securities at beginning of year2021-12-31$170,110,051
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$2,307
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31Yes
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Income. Dividends from common stock2021-12-31$2,247
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$33,442,783
Asset. Corporate debt instrument preferred debt at end of year2021-12-31$77,030,143
Asset. Corporate debt instrument preferred debt at beginning of year2021-12-31$96,998,053
Asset. Corporate debt instrument debt (other) at end of year2021-12-31$78,051,403
Asset. Corporate debt instrument debt (other) at beginning of year2021-12-31$145,488,382
Assets. Corporate common stocks other than exployer securities at end of year2021-12-31$1
Assets. Corporate common stocks other than exployer securities at beginning of year2021-12-31$222,065
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Aggregate proceeds on sale of assets2021-12-31$351,835,346
Aggregate carrying amount (costs) on sale of assets2021-12-31$347,469,051
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31CALVETTI FERGUSON
Accountancy firm EIN2021-12-31134255527
2020 : MCDERMOTT (U.S.) RETIREMENT PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$27,372,688
Total unrealized appreciation/depreciation of assets2020-12-31$27,372,688
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$2,335,053
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$1,723,520
Total income from all sources (including contributions)2020-12-31$72,952,824
Total loss/gain on sale of assets2020-12-31$20,229,039
Total of all expenses incurred2020-12-31$36,453,613
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$34,147,560
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$0
Value of total assets at end of year2020-12-31$519,917,241
Value of total assets at beginning of year2020-12-31$482,806,497
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$2,306,053
Total interest from all sources2020-12-31$13,100,034
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Administrative expenses professional fees incurred2020-12-31$549,790
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Assets. Other investments not covered elsewhere at end of year2020-12-31$11,776,042
Assets. Other investments not covered elsewhere at beginning of year2020-12-31$8,298,470
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$3,341,954
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$3,595,013
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2020-12-31$1,962,354
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$1,310,288
Other income not declared elsewhere2020-12-31$110,517
Administrative expenses (other) incurred2020-12-31$645,937
Liabilities. Value of operating payables at end of year2020-12-31$372,699
Liabilities. Value of operating payables at beginning of year2020-12-31$413,232
Total non interest bearing cash at end of year2020-12-31$1,144,376
Total non interest bearing cash at beginning of year2020-12-31$1,054,989
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$36,499,211
Value of net assets at end of year (total assets less liabilities)2020-12-31$517,582,188
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$481,082,977
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$1,110,326
Interest earned on other investments2020-12-31$419,891
Income. Interest from US Government securities2020-12-31$2,130,795
Income. Interest from corporate debt instruments2020-12-31$10,531,410
Value of interest in common/collective trusts at end of year2020-12-31$84,782,587
Value of interest in common/collective trusts at beginning of year2020-12-31$72,642,041
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$6,053,731
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$8,916,238
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$8,916,238
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$17,938
Asset value of US Government securities at end of year2020-12-31$170,110,051
Asset value of US Government securities at beginning of year2020-12-31$170,528,366
Net investment gain or loss from common/collective trusts2020-12-31$12,140,546
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31Yes
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$34,147,560
Asset. Corporate debt instrument preferred debt at end of year2020-12-31$96,998,053
Asset. Corporate debt instrument preferred debt at beginning of year2020-12-31$88,389,820
Asset. Corporate debt instrument debt (other) at end of year2020-12-31$145,488,382
Asset. Corporate debt instrument debt (other) at beginning of year2020-12-31$129,381,556
Assets. Corporate common stocks other than exployer securities at end of year2020-12-31$222,065
Assets. Corporate common stocks other than exployer securities at beginning of year2020-12-31$4
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$317,997,728
Aggregate carrying amount (costs) on sale of assets2020-12-31$297,768,689
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31CALVETTI FERGUSON
Accountancy firm EIN2020-12-31134255527
2019 : MCDERMOTT (U.S.) RETIREMENT PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$35,519,622
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$35,519,622
Total unrealized appreciation/depreciation of assets2019-12-31$35,519,622
Total unrealized appreciation/depreciation of assets2019-12-31$35,519,622
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$1,723,520
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$1,723,520
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$740,318
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$740,318
Total income from all sources (including contributions)2019-12-31$78,511,150
Total income from all sources (including contributions)2019-12-31$78,511,150
Total loss/gain on sale of assets2019-12-31$12,817,062
Total loss/gain on sale of assets2019-12-31$12,817,062
Total of all expenses incurred2019-12-31$37,229,627
Total of all expenses incurred2019-12-31$37,229,627
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$34,692,303
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$34,692,303
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$0
Value of total assets at end of year2019-12-31$482,806,497
Value of total assets at end of year2019-12-31$482,806,497
Value of total assets at beginning of year2019-12-31$440,541,772
Value of total assets at beginning of year2019-12-31$440,541,772
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$2,537,324
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$2,537,324
Total interest from all sources2019-12-31$14,600,278
Total interest from all sources2019-12-31$14,600,278
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Administrative expenses professional fees incurred2019-12-31$466,054
Administrative expenses professional fees incurred2019-12-31$466,054
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$10,000,000
Value of fidelity bond cover2019-12-31$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Assets. Other investments not covered elsewhere at end of year2019-12-31$8,298,470
Assets. Other investments not covered elsewhere at end of year2019-12-31$8,298,470
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$9,443,130
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$9,443,130
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$3,595,013
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$3,595,013
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$4,002,056
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$4,002,056
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$1,310,288
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$1,310,288
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$740,318
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$740,318
Other income not declared elsewhere2019-12-31$61,296
Other income not declared elsewhere2019-12-31$61,296
Administrative expenses (other) incurred2019-12-31$962,775
Administrative expenses (other) incurred2019-12-31$962,775
Liabilities. Value of operating payables at end of year2019-12-31$413,232
Liabilities. Value of operating payables at end of year2019-12-31$413,232
Liabilities. Value of operating payables at beginning of year2019-12-31$0
Liabilities. Value of operating payables at beginning of year2019-12-31$0
Total non interest bearing cash at end of year2019-12-31$1,054,989
Total non interest bearing cash at end of year2019-12-31$1,054,989
Total non interest bearing cash at beginning of year2019-12-31$430,669
Total non interest bearing cash at beginning of year2019-12-31$430,669
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$41,281,523
Value of net income/loss2019-12-31$41,281,523
Value of net assets at end of year (total assets less liabilities)2019-12-31$481,082,977
Value of net assets at end of year (total assets less liabilities)2019-12-31$481,082,977
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$439,801,454
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$439,801,454
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$1,108,495
Investment advisory and management fees2019-12-31$1,108,495
Interest earned on other investments2019-12-31$398,444
Interest earned on other investments2019-12-31$398,444
Income. Interest from US Government securities2019-12-31$2,961,069
Income. Interest from US Government securities2019-12-31$2,961,069
Income. Interest from corporate debt instruments2019-12-31$11,119,791
Income. Interest from corporate debt instruments2019-12-31$11,119,791
Value of interest in common/collective trusts at end of year2019-12-31$72,642,041
Value of interest in common/collective trusts at end of year2019-12-31$72,642,041
Value of interest in common/collective trusts at beginning of year2019-12-31$57,129,149
Value of interest in common/collective trusts at beginning of year2019-12-31$57,129,149
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$8,916,238
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$8,916,238
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$7,564,240
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$7,564,240
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$7,564,240
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$7,564,240
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$120,974
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$120,974
Asset value of US Government securities at end of year2019-12-31$170,528,366
Asset value of US Government securities at end of year2019-12-31$170,528,366
Asset value of US Government securities at beginning of year2019-12-31$148,054,666
Asset value of US Government securities at beginning of year2019-12-31$148,054,666
Net investment gain or loss from common/collective trusts2019-12-31$15,512,892
Net investment gain or loss from common/collective trusts2019-12-31$15,512,892
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$34,692,303
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$34,692,303
Asset. Corporate debt instrument preferred debt at end of year2019-12-31$88,389,820
Asset. Corporate debt instrument preferred debt at end of year2019-12-31$88,389,820
Asset. Corporate debt instrument preferred debt at beginning of year2019-12-31$89,931,858
Asset. Corporate debt instrument preferred debt at beginning of year2019-12-31$89,931,858
Asset. Corporate debt instrument debt (other) at end of year2019-12-31$129,381,556
Asset. Corporate debt instrument debt (other) at end of year2019-12-31$129,381,556
Asset. Corporate debt instrument debt (other) at beginning of year2019-12-31$123,811,958
Asset. Corporate debt instrument debt (other) at beginning of year2019-12-31$123,811,958
Assets. Corporate common stocks other than exployer securities at end of year2019-12-31$4
Assets. Corporate common stocks other than exployer securities at end of year2019-12-31$4
Assets. Corporate common stocks other than exployer securities at beginning of year2019-12-31$174,046
Assets. Corporate common stocks other than exployer securities at beginning of year2019-12-31$174,046
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Aggregate proceeds on sale of assets2019-12-31$318,869,608
Aggregate proceeds on sale of assets2019-12-31$318,869,608
Aggregate carrying amount (costs) on sale of assets2019-12-31$306,052,546
Aggregate carrying amount (costs) on sale of assets2019-12-31$306,052,546
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31CALVETTI FERGUSON
Accountancy firm name2019-12-31CALVETTI FERGUSON
Accountancy firm EIN2019-12-31134255527
Accountancy firm EIN2019-12-31134255527
2018 : MCDERMOTT (U.S.) RETIREMENT PLAN 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$-21,195,214
Total unrealized appreciation/depreciation of assets2018-12-31$-21,195,214
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$740,318
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$208,841
Total income from all sources (including contributions)2018-12-31$-19,444,048
Total loss/gain on sale of assets2018-12-31$-8,195,918
Total of all expenses incurred2018-12-31$37,586,036
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$35,218,366
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$0
Value of total assets at end of year2018-12-31$440,541,772
Value of total assets at beginning of year2018-12-31$497,040,379
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$2,367,670
Total interest from all sources2018-12-31$15,379,531
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Administrative expenses professional fees incurred2018-12-31$518,863
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Assets. Other investments not covered elsewhere at end of year2018-12-31$9,443,130
Assets. Other investments not covered elsewhere at beginning of year2018-12-31$9,959,284
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$4,002,056
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$4,069,710
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-31$740,318
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$208,841
Other income not declared elsewhere2018-12-31$70,844
Administrative expenses (other) incurred2018-12-31$533,450
Total non interest bearing cash at end of year2018-12-31$430,669
Total non interest bearing cash at beginning of year2018-12-31$836,181
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-57,030,084
Value of net assets at end of year (total assets less liabilities)2018-12-31$439,801,454
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$496,831,538
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$1,315,357
Interest earned on other investments2018-12-31$459,967
Income. Interest from US Government securities2018-12-31$3,201,280
Income. Interest from corporate debt instruments2018-12-31$11,619,560
Value of interest in common/collective trusts at end of year2018-12-31$57,129,149
Value of interest in common/collective trusts at beginning of year2018-12-31$72,132,441
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$7,564,240
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$8,311,904
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$8,311,904
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$98,724
Asset value of US Government securities at end of year2018-12-31$148,054,666
Asset value of US Government securities at beginning of year2018-12-31$162,111,427
Net investment gain or loss from common/collective trusts2018-12-31$-5,503,291
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31Yes
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$35,218,366
Asset. Corporate debt instrument preferred debt at end of year2018-12-31$89,931,858
Asset. Corporate debt instrument preferred debt at beginning of year2018-12-31$98,836,732
Asset. Corporate debt instrument debt (other) at end of year2018-12-31$123,811,958
Asset. Corporate debt instrument debt (other) at beginning of year2018-12-31$140,362,033
Assets. Corporate common stocks other than exployer securities at end of year2018-12-31$174,046
Assets. Corporate common stocks other than exployer securities at beginning of year2018-12-31$420,667
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Aggregate proceeds on sale of assets2018-12-31$285,648,121
Aggregate carrying amount (costs) on sale of assets2018-12-31$293,844,039
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31L.J. MOSBY
Accountancy firm EIN2018-12-31841656069
2017 : MCDERMOTT (U.S.) RETIREMENT PLAN 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$14,728,086
Total unrealized appreciation/depreciation of assets2017-12-31$14,728,086
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$208,841
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$707,351
Total income from all sources (including contributions)2017-12-31$49,806,489
Total loss/gain on sale of assets2017-12-31$3,154,039
Total of all expenses incurred2017-12-31$37,935,490
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$35,846,362
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$0
Value of total assets at end of year2017-12-31$497,040,379
Value of total assets at beginning of year2017-12-31$485,667,890
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$2,089,128
Total interest from all sources2017-12-31$15,638,756
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Administrative expenses professional fees incurred2017-12-31$644,291
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Assets. Other investments not covered elsewhere at end of year2017-12-31$9,959,284
Assets. Other investments not covered elsewhere at beginning of year2017-12-31$10,824,480
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$4,069,710
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$4,229,403
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$208,841
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$707,351
Other income not declared elsewhere2017-12-31$62,611
Administrative expenses (other) incurred2017-12-31$555,532
Total non interest bearing cash at end of year2017-12-31$836,181
Total non interest bearing cash at beginning of year2017-12-31$-1,571
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$11,870,999
Value of net assets at end of year (total assets less liabilities)2017-12-31$496,831,538
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$484,960,539
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$889,305
Interest earned on other investments2017-12-31$506,060
Income. Interest from US Government securities2017-12-31$3,065,316
Income. Interest from corporate debt instruments2017-12-31$11,971,368
Value of interest in common/collective trusts at end of year2017-12-31$72,132,441
Value of interest in common/collective trusts at beginning of year2017-12-31$72,409,444
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$8,311,904
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$9,225,537
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$9,225,537
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$96,012
Asset value of US Government securities at end of year2017-12-31$162,111,427
Asset value of US Government securities at beginning of year2017-12-31$152,566,366
Net investment gain or loss from common/collective trusts2017-12-31$16,222,997
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31Yes
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$35,846,362
Asset. Corporate debt instrument preferred debt at end of year2017-12-31$98,836,732
Asset. Corporate debt instrument preferred debt at beginning of year2017-12-31$94,675,859
Asset. Corporate debt instrument debt (other) at end of year2017-12-31$140,362,033
Asset. Corporate debt instrument debt (other) at beginning of year2017-12-31$141,611,570
Assets. Corporate common stocks other than exployer securities at end of year2017-12-31$420,667
Assets. Corporate common stocks other than exployer securities at beginning of year2017-12-31$126,802
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Aggregate proceeds on sale of assets2017-12-31$327,699,118
Aggregate carrying amount (costs) on sale of assets2017-12-31$324,545,079
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31L.J. MOSBY
Accountancy firm EIN2017-12-31841656069
2016 : MCDERMOTT (U.S.) RETIREMENT PLAN 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$1,175,374
Total unrealized appreciation/depreciation of assets2016-12-31$1,175,374
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$707,351
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$1,428,869
Total income from all sources (including contributions)2016-12-31$29,025,120
Total loss/gain on sale of assets2016-12-31$4,407,654
Total of all expenses incurred2016-12-31$38,209,888
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$36,076,158
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$0
Value of total assets at end of year2016-12-31$485,667,890
Value of total assets at beginning of year2016-12-31$495,574,176
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$2,133,730
Total interest from all sources2016-12-31$17,218,123
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$50,286
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Administrative expenses professional fees incurred2016-12-31$41,723
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Assets. Other investments not covered elsewhere at end of year2016-12-31$10,824,480
Assets. Other investments not covered elsewhere at beginning of year2016-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$4,229,403
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$6,473,956
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$707,351
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$1,428,869
Other income not declared elsewhere2016-12-31$122,280
Administrative expenses (other) incurred2016-12-31$1,089,278
Liabilities. Value of operating payables at end of year2016-12-31$0
Liabilities. Value of operating payables at beginning of year2016-12-31$0
Total non interest bearing cash at end of year2016-12-31$-1,571
Total non interest bearing cash at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-9,184,768
Value of net assets at end of year (total assets less liabilities)2016-12-31$484,960,539
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$494,145,307
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$1,002,729
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$0
Interest earned on other investments2016-12-31$774,996
Income. Interest from US Government securities2016-12-31$2,805,433
Income. Interest from corporate debt instruments2016-12-31$13,617,762
Value of interest in common/collective trusts at end of year2016-12-31$72,409,444
Value of interest in common/collective trusts at beginning of year2016-12-31$72,858,041
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$9,225,537
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$6,085,634
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$6,085,634
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$19,932
Asset value of US Government securities at end of year2016-12-31$152,566,366
Asset value of US Government securities at beginning of year2016-12-31$60,128,324
Net investment gain or loss from common/collective trusts2016-12-31$6,051,403
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31Yes
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Employer contributions (assets) at beginning of year2016-12-31$0
Income. Dividends from common stock2016-12-31$50,286
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$36,076,158
Asset. Corporate debt instrument preferred debt at end of year2016-12-31$94,675,859
Asset. Corporate debt instrument preferred debt at beginning of year2016-12-31$12,278
Asset. Corporate debt instrument debt (other) at end of year2016-12-31$141,611,570
Asset. Corporate debt instrument debt (other) at beginning of year2016-12-31$350,015,942
Assets. Corporate common stocks other than exployer securities at end of year2016-12-31$126,802
Assets. Corporate common stocks other than exployer securities at beginning of year2016-12-31$1
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Aggregate proceeds on sale of assets2016-12-31$513,951,707
Aggregate carrying amount (costs) on sale of assets2016-12-31$509,544,053
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31L.J. MOSBY
Accountancy firm EIN2016-12-31841656069
2015 : MCDERMOTT (U.S.) RETIREMENT PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$-40,310,252
Total unrealized appreciation/depreciation of assets2015-12-31$-40,310,252
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$1,428,869
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$1,074,991
Total income from all sources (including contributions)2015-12-31$-19,031,492
Total loss/gain on sale of assets2015-12-31$2,633,103
Total of all expenses incurred2015-12-31$38,116,274
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$35,786,351
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$0
Value of total assets at end of year2015-12-31$495,574,176
Value of total assets at beginning of year2015-12-31$552,368,064
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$2,329,923
Total interest from all sources2015-12-31$21,803,243
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$8,937
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Administrative expenses professional fees incurred2015-12-31$764,306
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$6,473,956
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$6,454,286
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$1,428,869
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$547,991
Other income not declared elsewhere2015-12-31$27,574
Administrative expenses (other) incurred2015-12-31$376,437
Liabilities. Value of operating payables at end of year2015-12-31$0
Liabilities. Value of operating payables at beginning of year2015-12-31$527,000
Total non interest bearing cash at end of year2015-12-31$0
Total non interest bearing cash at beginning of year2015-12-31$566,258
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-57,147,766
Value of net assets at end of year (total assets less liabilities)2015-12-31$494,145,307
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$551,293,073
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$1,189,180
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$11
Income. Interest from US Government securities2015-12-31$1,761,141
Income. Interest from corporate debt instruments2015-12-31$20,042,100
Value of interest in common/collective trusts at end of year2015-12-31$72,858,041
Value of interest in common/collective trusts at beginning of year2015-12-31$79,521,413
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$6,085,634
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$5,881,841
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$5,881,841
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$2
Asset value of US Government securities at end of year2015-12-31$60,128,324
Asset value of US Government securities at beginning of year2015-12-31$64,575,014
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$1
Net investment gain or loss from common/collective trusts2015-12-31$-3,194,098
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31Yes
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Employer contributions (assets) at end of year2015-12-31$0
Employer contributions (assets) at beginning of year2015-12-31$0
Income. Dividends from common stock2015-12-31$8,937
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$35,786,351
Asset. Corporate debt instrument preferred debt at end of year2015-12-31$12,278
Asset. Corporate debt instrument preferred debt at beginning of year2015-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2015-12-31$350,015,942
Asset. Corporate debt instrument debt (other) at beginning of year2015-12-31$395,369,241
Assets. Corporate common stocks other than exployer securities at end of year2015-12-31$1
Assets. Corporate common stocks other than exployer securities at beginning of year2015-12-31$0
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Aggregate proceeds on sale of assets2015-12-31$442,009,199
Aggregate carrying amount (costs) on sale of assets2015-12-31$439,376,096
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31L.J. MOSBY
Accountancy firm EIN2015-12-31841656069
2014 : MCDERMOTT (U.S.) RETIREMENT PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$12,566,437
Total unrealized appreciation/depreciation of assets2014-12-31$12,566,437
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$1,074,991
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$1,239,914
Total income from all sources (including contributions)2014-12-31$75,613,797
Total loss/gain on sale of assets2014-12-31$12,110,268
Total of all expenses incurred2014-12-31$92,120,659
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$89,094,170
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$0
Value of total assets at end of year2014-12-31$552,368,064
Value of total assets at beginning of year2014-12-31$569,039,849
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$3,026,489
Total interest from all sources2014-12-31$24,230,695
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$14,122
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$14,122
Administrative expenses professional fees incurred2014-12-31$1,380,844
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$6,454,286
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$6,722,848
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$547,991
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$1,239,914
Other income not declared elsewhere2014-12-31$20,199
Administrative expenses (other) incurred2014-12-31$368,946
Liabilities. Value of operating payables at end of year2014-12-31$527,000
Liabilities. Value of operating payables at beginning of year2014-12-31$0
Total non interest bearing cash at end of year2014-12-31$566,258
Total non interest bearing cash at beginning of year2014-12-31$138,720
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-16,506,862
Value of net assets at end of year (total assets less liabilities)2014-12-31$551,293,073
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$567,799,935
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$1,276,699
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$11
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$86,910,224
Income. Interest from US Government securities2014-12-31$6,702,611
Income. Interest from corporate debt instruments2014-12-31$17,528,084
Value of interest in common/collective trusts at end of year2014-12-31$79,521,413
Value of interest in common/collective trusts at beginning of year2014-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$5,881,841
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$5,852,156
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$5,852,156
Asset value of US Government securities at end of year2014-12-31$64,575,014
Asset value of US Government securities at beginning of year2014-12-31$57,057,517
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$11
Net investment gain or loss from common/collective trusts2014-12-31$26,672,065
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$0
Employer contributions (assets) at end of year2014-12-31$0
Employer contributions (assets) at beginning of year2014-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$89,094,170
Asset. Corporate debt instrument debt (other) at end of year2014-12-31$395,369,241
Asset. Corporate debt instrument debt (other) at beginning of year2014-12-31$412,358,384
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Aggregate proceeds on sale of assets2014-12-31$563,764,775
Aggregate carrying amount (costs) on sale of assets2014-12-31$551,654,507
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31L.J. MOSBY
Accountancy firm EIN2014-12-31841656069
2013 : MCDERMOTT (U.S.) RETIREMENT PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$-53,990,103
Total unrealized appreciation/depreciation of assets2013-12-31$-53,990,103
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$1,239,914
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$82,881
Total income from all sources (including contributions)2013-12-31$-2,772,059
Total loss/gain on sale of assets2013-12-31$7,206,418
Total of all expenses incurred2013-12-31$35,317,745
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$33,203,727
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$6,334
Value of total assets at end of year2013-12-31$569,039,849
Value of total assets at beginning of year2013-12-31$605,972,620
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$2,114,018
Total interest from all sources2013-12-31$24,784,423
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$83,114
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$83,114
Administrative expenses professional fees incurred2013-12-31$609,865
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$6,722,848
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$7,157,043
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$1,239,914
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$82,881
Other income not declared elsewhere2013-12-31$120,916
Administrative expenses (other) incurred2013-12-31$302,324
Total non interest bearing cash at end of year2013-12-31$138,720
Total non interest bearing cash at beginning of year2013-12-31$108
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$-38,089,804
Value of net assets at end of year (total assets less liabilities)2013-12-31$567,799,935
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$605,889,739
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$1,201,829
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$86,910,224
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$90,196,452
Interest earned on other investments2013-12-31$20,425
Income. Interest from US Government securities2013-12-31$2,790,265
Income. Interest from corporate debt instruments2013-12-31$21,973,733
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$5,852,156
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$4,649,494
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$4,649,494
Asset value of US Government securities at end of year2013-12-31$57,057,517
Asset value of US Government securities at beginning of year2013-12-31$80,676,481
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$19,016,839
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31Yes
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$6,334
Employer contributions (assets) at end of year2013-12-31$0
Employer contributions (assets) at beginning of year2013-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$33,203,727
Asset. Corporate debt instrument debt (other) at end of year2013-12-31$412,358,384
Asset. Corporate debt instrument debt (other) at beginning of year2013-12-31$423,293,042
Contract administrator fees2013-12-31$0
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$524,420,696
Aggregate carrying amount (costs) on sale of assets2013-12-31$517,214,278
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31L.J. MOSBY
Accountancy firm EIN2013-12-31841656069
2012 : MCDERMOTT (U.S.) RETIREMENT PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$14,104,545
Total unrealized appreciation/depreciation of assets2012-12-31$14,104,545
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$82,881
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$1,175,961
Total income from all sources (including contributions)2012-12-31$73,336,707
Total loss/gain on sale of assets2012-12-31$20,771,792
Total of all expenses incurred2012-12-31$34,819,936
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$32,591,218
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$0
Value of total assets at end of year2012-12-31$605,972,620
Value of total assets at beginning of year2012-12-31$568,548,929
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$2,228,718
Total interest from all sources2012-12-31$25,586,710
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$106,527
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$106,527
Administrative expenses professional fees incurred2012-12-31$780,977
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$7,157,043
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$7,610,187
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$82,881
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$1,175,961
Other income not declared elsewhere2012-12-31$57,090
Administrative expenses (other) incurred2012-12-31$238,000
Total non interest bearing cash at end of year2012-12-31$108
Total non interest bearing cash at beginning of year2012-12-31$75
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Income. Non cash contributions2012-12-31$0
Value of net income/loss2012-12-31$38,516,771
Value of net assets at end of year (total assets less liabilities)2012-12-31$605,889,739
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$567,372,968
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$1,209,741
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$90,196,452
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$80,579,836
Interest earned on other investments2012-12-31$110,027
Income. Interest from US Government securities2012-12-31$2,365,508
Income. Interest from corporate debt instruments2012-12-31$23,111,175
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$4,649,494
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$9,324,951
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$9,324,951
Asset value of US Government securities at end of year2012-12-31$80,676,481
Asset value of US Government securities at beginning of year2012-12-31$61,374,116
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$12,710,043
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31Yes
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$0
Employer contributions (assets) at end of year2012-12-31$0
Employer contributions (assets) at beginning of year2012-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$32,591,218
Asset. Corporate debt instrument debt (other) at end of year2012-12-31$423,293,042
Asset. Corporate debt instrument debt (other) at beginning of year2012-12-31$409,659,764
Contract administrator fees2012-12-31$0
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$676,602,730
Aggregate carrying amount (costs) on sale of assets2012-12-31$655,830,938
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31L.J. MOSBY
Accountancy firm EIN2012-12-31841656069
2011 : MCDERMOTT (U.S.) RETIREMENT PLAN 2011 401k financial data
Unrealized appreciation/depreciation of real estate assets2011-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$28,020,539
Total unrealized appreciation/depreciation of assets2011-12-31$28,020,539
Total transfer of assets to this plan2011-12-31$0
Total transfer of assets from this plan2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$1,175,961
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$344,157
Expenses. Interest paid2011-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022011-12-31$0
Total income from all sources (including contributions)2011-12-31$92,781,420
Total loss/gain on sale of assets2011-12-31$40,881,545
Total of all expenses incurred2011-12-31$34,072,638
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$32,028,406
Expenses. Certain deemed distributions of participant loans2011-12-31$0
Value of total corrective distributions2011-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$0
Value of total assets at end of year2011-12-31$568,548,929
Value of total assets at beginning of year2011-12-31$509,008,343
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$2,044,232
Total interest from all sources2011-12-31$23,723,948
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$34,288
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$34,288
Administrative expenses professional fees incurred2011-12-31$615,346
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$7,610,187
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$6,270,570
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$1,175,961
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$344,157
Other income not declared elsewhere2011-12-31$0
Administrative expenses (other) incurred2011-12-31$320,557
Total non interest bearing cash at end of year2011-12-31$75
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Income. Non cash contributions2011-12-31$0
Value of net income/loss2011-12-31$58,708,782
Value of net assets at end of year (total assets less liabilities)2011-12-31$567,372,968
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$508,664,186
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$1,108,329
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$80,579,836
Interest on participant loans2011-12-31$0
Income. Interest from loans (other than to participants)2011-12-31$0
Interest earned on other investments2011-12-31$188,081
Income. Interest from US Government securities2011-12-31$9,982,182
Income. Interest from corporate debt instruments2011-12-31$13,553,685
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$9,324,951
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$3,867,794
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$3,867,794
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2011-12-31$0
Asset value of US Government securities at end of year2011-12-31$61,374,116
Asset value of US Government securities at beginning of year2011-12-31$242,987,259
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$121,100
Net investment gain/loss from pooled separate accounts2011-12-31$0
Net investment gain or loss from common/collective trusts2011-12-31$0
Net gain/loss from 103.12 investment entities2011-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31Yes
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$0
Employer contributions (assets) at end of year2011-12-31$0
Employer contributions (assets) at beginning of year2011-12-31$3,155,990
Income. Dividends from preferred stock2011-12-31$0
Income. Dividends from common stock2011-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$32,028,406
Asset. Corporate debt instrument debt (other) at end of year2011-12-31$409,659,764
Asset. Corporate debt instrument debt (other) at beginning of year2011-12-31$252,726,730
Contract administrator fees2011-12-31$0
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$1,303,039,867
Aggregate carrying amount (costs) on sale of assets2011-12-31$1,262,158,322
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31L.J. MOSBY
Accountancy firm EIN2011-12-31841656069
2010 : MCDERMOTT (U.S.) RETIREMENT PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$-10,847,613
Total unrealized appreciation/depreciation of assets2010-12-31$-10,847,613
Total transfer of assets to this plan2010-12-31$209,951,291
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$344,157
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$35,111,922
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$24,091,405
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$22,199,830
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$3,155,990
Value of total assets at end of year2010-12-31$509,008,343
Value of total assets at beginning of year2010-12-31$287,692,378
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$1,891,575
Total interest from all sources2010-12-31$8,130,595
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$649,355
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$6,270,570
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$344,157
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$0
Administrative expenses (other) incurred2010-12-31$737,286
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$11,020,517
Value of net assets at end of year (total assets less liabilities)2010-12-31$508,664,186
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$287,692,378
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$459,231
Income. Interest from US Government securities2010-12-31$4,903,829
Income. Interest from corporate debt instruments2010-12-31$3,226,616
Value of interest in master investment trust accounts at beginning of year2010-12-31$203,692,378
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$3,867,794
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$150
Asset value of US Government securities at end of year2010-12-31$242,987,259
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$3,155,990
Employer contributions (assets) at end of year2010-12-31$3,155,990
Employer contributions (assets) at beginning of year2010-12-31$84,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$22,199,830
Asset. Corporate debt instrument debt (other) at end of year2010-12-31$252,726,730
Contract administrator fees2010-12-31$45,703
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31L. J. MOSBY
Accountancy firm EIN2010-12-31841656069

Form 5500 Responses for MCDERMOTT (U.S.) RETIREMENT PLAN

2022: MCDERMOTT (U.S.) RETIREMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: MCDERMOTT (U.S.) RETIREMENT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: MCDERMOTT (U.S.) RETIREMENT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: MCDERMOTT (U.S.) RETIREMENT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: MCDERMOTT (U.S.) RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: MCDERMOTT (U.S.) RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: MCDERMOTT (U.S.) RETIREMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: MCDERMOTT (U.S.) RETIREMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: MCDERMOTT (U.S.) RETIREMENT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: MCDERMOTT (U.S.) RETIREMENT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: MCDERMOTT (U.S.) RETIREMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: MCDERMOTT (U.S.) RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: MCDERMOTT (U.S.) RETIREMENT PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: MCDERMOTT (U.S.) RETIREMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number016968
Policy instance 1
Insurance contract or identification number016968
Number of Individuals Covered65
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number016969
Policy instance 2
Insurance contract or identification number016969
Number of Individuals Covered65
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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