401k Plan data: LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN plan

LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN 401k Plan overview

Plan Name	LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN
Plan identification number	007

LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN Benefits

401k Plan Type	Defined 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) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ROWAN COMPANIES, INC. has sponsored the creation of one or more 401k plans.

Company Name: ROWAN COMPANIES, INC.

Employer identification number (EIN): 750759420

NAIC Classification: 211120
NAIC Description: Crude Petroleum Extraction

Additional information about ROWAN COMPANIES, INC.

Jurisdiction of Incorporation: State of Delaware Division of Corporations

Incorporation Date:

Company Identification Number: 0418601

More information about ROWAN COMPANIES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
007 2013-01-01 GARY L. MARSH JOHN KEVIN BARTOL 2014-10-09
007 2012-01-01 GARY L. MARSH JOHN KEVIN BARTOL 2013-10-15
007 2011-01-01 GARY L. MARSH JOHN KEVIN BARTOL 2012-10-15

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
007	2013-01-01	GARY L. MARSH	JOHN KEVIN BARTOL	2014-10-09
007	2012-01-01	GARY L. MARSH	JOHN KEVIN BARTOL	2013-10-15
007	2011-01-01	GARY L. MARSH	JOHN KEVIN BARTOL	2012-10-15

Plan Statistics for LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN

401k plan membership statisitcs for LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN

Measure Date Value
2013: LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 0
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 0
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 0
Total of all active and inactive participants 2013-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 0
2012: LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 2,297
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 0
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 0
Total of all active and inactive participants 2012-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 0
Number of participants with account balances 2012-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 2,679
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 0
Number of retired or separated participants receiving benefits 2011-01-01 481
Number of other retired or separated participants entitled to future benefits 2011-01-01 1,720
Total of all active and inactive participants 2011-01-01 2,201
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 96
Total participants 2011-01-01 2,297
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 364

Measure	Date	Value
2013: LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	0
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	0
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	0
Total of all active and inactive participants	2013-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	0
2012: LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	2,297
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	0
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	0
Total of all active and inactive participants	2012-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	0
Number of participants with account balances	2012-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	2,679
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	0
Number of retired or separated participants receiving benefits	2011-01-01	481
Number of other retired or separated participants entitled to future benefits	2011-01-01	1,720
Total of all active and inactive participants	2011-01-01	2,201
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	96
Total participants	2011-01-01	2,297
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	364

Financial Data on LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN

Measure	Date	Value
2013 : LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN 2013 401k financial data
Transfers to/from the plan	2013-12-31	$-45,912,045
Total income from all sources	2013-12-31	$0
Expenses. Total of all expenses incurred	2013-12-31	$0
Total plan assets at end of year	2013-12-31	$0
Total plan assets at beginning of year	2013-12-31	$45,912,045
Value of fidelity bond covering the plan	2013-12-31	$2,500,000
Net income (gross income less expenses)	2013-12-31	$0
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$0
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$45,912,045
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
2012 : LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets	2012-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total income from all sources (including contributions)	2012-12-31	$6,650,625
Total loss/gain on sale of assets	2012-12-31	$0
Total of all expenses incurred	2012-12-31	$23,248,987
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$22,901,709
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$0
Value of total assets at end of year	2012-12-31	$45,912,045
Value of total assets at beginning of year	2012-12-31	$62,510,407
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$347,278
Total interest from all sources	2012-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Administrative expenses professional fees incurred	2012-12-31	$134,393
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$2,500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Administrative expenses (other) incurred	2012-12-31	$212,885
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$-16,598,362
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$45,912,045
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$62,510,407
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Value of interest in master investment trust accounts at end of year	2012-12-31	$45,912,045
Value of interest in master investment trust accounts at beginning of year	2012-12-31	$58,695,867
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2012-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2012-12-31	$240,540
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Employer contributions (assets) at end of year	2012-12-31	$0
Employer contributions (assets) at beginning of year	2012-12-31	$3,574,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$22,901,709
Did the plan have assets held for investment	2012-12-31	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2012-12-31	Disclaimer
Accountancy firm name	2012-12-31	MCCONNELL & JONES L.L.P.
Accountancy firm EIN	2012-12-31	760488832
2011 : LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total income from all sources (including contributions)	2011-12-31	$3,470,768
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$3,150,597
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$2,803,725
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$3,574,000
Value of total assets at end of year	2011-12-31	$62,510,407
Value of total assets at beginning of year	2011-12-31	$62,190,236
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$346,872
Total interest from all sources	2011-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Administrative expenses professional fees incurred	2011-12-31	$209,547
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$2,500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Other income not declared elsewhere	2011-12-31	$5,570
Administrative expenses (other) incurred	2011-12-31	$137,325
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$320,171
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$62,510,407
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$62,190,236
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in master investment trust accounts at end of year	2011-12-31	$58,695,867
Value of interest in master investment trust accounts at beginning of year	2011-12-31	$55,647,533
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2011-12-31	$240,540
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2011-12-31	$258,703
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$3,574,000
Employer contributions (assets) at end of year	2011-12-31	$3,574,000
Employer contributions (assets) at beginning of year	2011-12-31	$6,284,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$2,803,725
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	MCCONNELL & JONES L.L.P.
Accountancy firm EIN	2011-12-31	760488832
2010 : LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
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	$17,464,106
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$2,671,451
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$2,296,993
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$10,778,000
Value of total assets at end of year	2010-12-31	$62,190,236
Value of total assets at beginning of year	2010-12-31	$47,397,581
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$374,458
Total interest from all sources	2010-12-31	$0
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 year	2010-12-31	No
Administrative expenses professional fees incurred	2010-12-31	$196,005
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$2,500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Other income not declared elsewhere	2010-12-31	$7,785
Administrative expenses (other) incurred	2010-12-31	$178,453
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$14,792,655
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$62,190,236
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$47,397,581
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in master investment trust accounts at end of year	2010-12-31	$55,647,533
Value of interest in master investment trust accounts at beginning of year	2010-12-31	$42,213,978
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2010-12-31	$258,703
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2010-12-31	$277,603
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$10,778,000
Employer contributions (assets) at end of year	2010-12-31	$6,284,000
Employer contributions (assets) at beginning of year	2010-12-31	$4,906,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$2,296,993
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	MCCONNELL & JONES L.L.P.
Accountancy firm EIN	2010-12-31	760488832

Form 5500 Responses for LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN

2013: LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	Yes
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: LETOURNEAU TECHNOLOGIES, INC. RETIREMENT INCOME PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	ROWAN COMPANIES, INC.
Employer identification number (EIN):	750759420
NAIC Classification:	211120
NAIC Description:	Crude Petroleum Extraction

Jurisdiction of Incorporation:	State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number:	0418601