McDermott Investments401(k)
MCDERMOTT SAVINGS PLAN · HOUSTON, TX · plan year 2024
McDermott Investments's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $1,353,429,851 across 8,951 participant accounts, with employer contributions averaging $2,033 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other construction employers. By assets it is the 89th-largest of 5,688 plans among Texas employers on file, and the 38th of 5,337 in construction. In 2024, employees put in $2.30 for every $1.00 the employer contributed; active participation has grown from 3,316 to 5,104 since 2022.
McDermott Investments's 2024 employer contribution ran below the $5,259 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 741032246 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.