Defined Benefit (Pension) · DOL Form 5500 · 2022

National Oilwell Varco, L.P. Pension Plan

Data updated 2026-08-25

$200M
Total assets Near avg plan size
182
Participants Below avg headcount
96th
Percentile by assets National rank
$1.1M
Avg per participant High balance/head
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Official DOL plan name: National-Oilwell Defined Benefit Pension Plan · Sponsored by National Oilwell Varco, L.P. · Texas · Manufacturing

$200M in assets, 182 participants

National Oilwell Varco, L.P.'s National-Oilwell Defined Benefit Pension Plan reported $200M in total assets and 182 participants in its 2022 DOL Form 5500 filing, ranking in the 96th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #19,178 in Manufacturing (20,602 peers)

Coverage in Texas

National-Oilwell Defined Benefit Pension Plan covers 182 participants in Texas, about 26% of the average Texas filer (state average ~688 per filing). Assets: $200M.

#19,178
in Manufacturing (20,602 peers)
-30.6%
assets change YoY
2.0×
vs typical plan assets (national mean)

The plan reported a net loss of $88M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

National-Oilwell Defined Benefit Pension Plan's outsized position by total assets

National-Oilwell Defined Benefit Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$199,503,631 Top 4% higher than 96% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

National-Oilwell Defined Benefit Pension Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. National-Oilwell Defined Benefit Pension Plan sits mid-pack in the medium band (182 participants).

EBSA filing schedule strip

Filing strip 760488987 · National Oilwell Varco, L.P. PY 2022 · Defined Benefit (Pension)

National-Oilwell Defined Benefit Pension Plan · $200M · 182 · 96th

  • 5500 $200M
  • 5500 182
  • 5500 96th
  • 5500 Defined Benefit (Pension)
  • 5500 near Ropes & Gray LLP Supplemental Retirement Shares Plan
  • 5500 ind #19178

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Texas →

National-Oilwell Defined Benefit Pension Plan in the asset neighbourhood

National-Oilwell Defined Benefit Pension PlanNational-Oilwell Defined Ben…$200MRopes & Gray LLP Supplemental Retirement Shares PlanRopes & Gray LLP Supplementa…$199MMcasf Local 725 Pension Plan$199MThe Maersk Inc. Pension Plan$199MSouthern California Lumber Industry Retirement FundSouthern California Lumber I…$199M
End-of-year total assets ($M) among National-Oilwell Defined Benefit Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Texas filing particulars

Total Assets (Beginning of Year)$288M
Net Assets (End of Year)$200M
Net Income-$88M
Employer EIN760488987
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (National Oilwell Varco, L.P.)

Sponsor-wide plan assets over time

All National Oilwell Varco, L.P. plans reported in each filing year

Latest sponsor-wide plan assets
$198K 99.9005216100553% vs 2022
2023 filing year
$0M$100M$200M$300M 20222023 $200M $0.2M ▼ -99.9%
Year Plans Participants Total Assets
2022 1 182 $200M
2023 1 33 $198K

Nearby Defined Benefit (Pension) Plans in Texas

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

National-Oilwell Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants National-Oilwell Defined Benefit Pension Plan, Total assets ($B): 0.199503631 · Participants: 182National-Oilwell Defined Benefit Pension PlanAT&T Pension Benefit Plan, Total assets ($B): 40.998144 · Participants: 119463AT&T Pension Benefit PlanShell Pension Plan, Total assets ($B): 14.642588618 · Participants: 12912Shell Pension PlanExxonmobil Pension Plan, Total assets ($B): 11.599 · Participants: 23661Exxonmobil Pension PlanCaterpillar Inc. Retirement Income Plan, Total assets ($B): 9.541187279 · Participants: 12815Caterpillar Inc. Retirement Income PlanBp Retirement Accumulation Plan, Total assets ($B): 5.371602289 · Participants: 9156Bp Retirement Accumulation Plan
National-Oilwell Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants
Compare National-Oilwell Defined Benefit Pension Plan side-by-side with 3 peers →

National-Oilwell Defined Benefit Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Texas, the nearest Defined Benefit (Pension) by assets is Ropes & Gray LLP Supplemental Retirement Shares Plan in MA ($199M); by covered participants it is Linode LLC Cash Balance Pension Plan in PA (182 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($200M here).

Similar participant headcount

Nearest other-state filings by covered participants (182 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did National-Oilwell Defined Benefit Pension Plan assets move in 2022? ▼
National-Oilwell Defined Benefit Pension Plan contracted severely - down 30.6% during 2022, from $288M to $200M. Reported net income was -$88M.
How have National Oilwell Varco, L.P. plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), National Oilwell Varco, L.P.'s sponsor-wide assets declined 99.9%, from $200M to $198K.
Where does National-Oilwell Defined Benefit Pension Plan rank by assets among Form 5500 filers? ▼
National-Oilwell Defined Benefit Pension Plan ranks in the 96th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to National-Oilwell Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Ropes & Gray LLP Supplemental Retirement Shares Plan in MA ($199M, 313 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to National-Oilwell Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Linode LLC Cash Balance Pension Plan in PA (182 participants, $337K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 760488987.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.