SBM Offshore USA 401(k) match, vesting and fees
What SBM Offshore USA's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | The Vanguard Group, Inc. | Schedule C ↗ |
| Independent auditor | Weinstein Spira &Company ,p.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 356 defined-contribution plans in mining, quarrying, and oil and gas extraction with 100 to 499 participants.
| SBM Offshore USA: employer contribution per participant | $756 | |
| Peer median | $3,000 |
| SBM Offshore USA: average balance | $283,074 | |
| Peer median | $70,698 |
| SBM Offshore USA: admin expenses ÷ assets | 0.08% | |
| Peer median | 0.32% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $110M at the end of plan year 2021 to $88M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 316 | $88M | $235K | $756 | 0.08% | Not published | Form 5500 ↗ |
| 2023 | 348 | $90.7M | $183K | $532 | 0.09% | Not published | Form 5500 ↗ |
| 2022 | 382 | $84.7M | $231K | $611 | 0.08% | Not published | Form 5500 ↗ |
| 2021 | 417 | $110M | $452K | $1,096 | 0.07% | Not published | Form 5500 ↗ |
Common questions
Does SBM Offshore USA match 401(k) contributions?
The match terms for the Sbm Offshore USA, Inc. Savings and Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $235K in employer contributions, about $756 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the SBM Offshore USA 401(k) match vested?
The vesting schedule for the Sbm Offshore USA, Inc. Savings and Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the SBM Offshore USA 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is The Vanguard Group, Inc.. The plan administrator is Sbm Offshore USA, Inc..
I left SBM Offshore USA. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Sbm Offshore USA, Inc., (281) 848-6000) or the recordkeeper, The Vanguard Group, Inc.. The SBM Offshore USA old 401(k) page lists the contacts from every plan filing. Find an old SBM Offshore USA 401(k)
Data from the public Form 5500 annual reports SBM Offshore USA filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with SBM Offshore USA. Not financial advice. Report a correction · Methodology