401(k) · DOL Form 5500 · 2022

Maersk Drilling USA 401(k) Plan

ERISA Form 5500 plan record drawn from DOL EBSA, verify with linked source filings below.

$22M
Total assets
92
Participants
65th
Percentile by assets

Sponsored by Maersk Drilling USA, Inc. · Texas · Mining & Oil Extraction

What the 2022 filing shows

Maersk Drilling USA 401(k) Plan holds $22M for 92 participants - about $237,592 per participant, above the median plan by assets, down 25.8% over the 2022 plan year.

$22M
total plan assets (2022 EOY)
92
covered participants
65th
percentile by assets (of 84,055 plans)
$237,592
avg assets per participant

The plan reported a net loss of $8M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$22M
Participants
92
State
Industry
Mining & Oil Extraction

What the Filing Says About Maersk Drilling USA 401(k) Plan

Maersk Drilling USA 401(k) Plan is a 401(k) retirement plan sponsored by Maersk Drilling USA, Inc., headquartered in Texas. As of the 2022 Form 5500 filing, the plan reports $22M in total end-of-year assets and covers 92 participants across the Mining & Oil Extraction industry. The sponsor's EIN on file with the U.S. Department of Labor is 205899943, and the plan has been effective since 2010-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $29M at the beginning of 2022 to $22M at year-end - a decline of 25.8%. Net assets (after liabilities) closed the year at $22M, with reported net income of $-7,594,868 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$29M
Total Assets (End of Year)$22M
Net Assets (End of Year)$22M
Net Income$-7,594,868
Plan Type401(k)
Employer EIN205899943
Plan Effective Date2010-01-01
Filing StatusFILING RECEIVED

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Frequently Asked Questions

How much money is in the Maersk Drilling USA 401(k) Plan?
As of the 2022 Form 5500 filing, Maersk Drilling USA 401(k) Plan holds $22M in total assets with 92 participants. It is sponsored by Maersk Drilling USA, Inc..
What type of plan is Maersk Drilling USA 401(k) Plan?
Maersk Drilling USA 401(k) Plan is a 401(k) plan. It has been effective since 2010-01-01. The plan is filed with the U.S. Department of Labor under EIN 205899943.
Who sponsors the Maersk Drilling USA 401(k) Plan?
Maersk Drilling USA 401(k) Plan is sponsored by Maersk Drilling USA, Inc., located in Texas. The sponsor's EIN is 205899943 and the plan operates in the Mining & Oil Extraction industry.
How did Maersk Drilling USA 401(k) Plan perform in 2022?
Maersk Drilling USA 401(k) Plan declined by 25.8% during 2022, moving from $29M to $22M in total assets. Net income was $-7,594,868.
Where can I find official filings for Maersk Drilling USA 401(k) Plan?
Official Form 5500 filings for Maersk Drilling USA 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 205899943 or plan name at efast.dol.gov.
How does Maersk Drilling USA 401(k) Plan compare to other plans?
You can compare Maersk Drilling USA 401(k) Plan against other 401(k) plans on the plan type page, or view plans in Texas on the state page. PlainRetire tracks all 402,674 ERISA-covered retirement plans in the U.S. that filed a Form 5500 for the 2023 plan year.

Explore PlainRetire

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 205899943.

Reference: IRS Publication 560, Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B, Distributions from IRAs, RMD rules under SECURE Act 2.0.

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