Defined Benefit (Pension) · DOL Form 5500 · 2022

J. Ray Mcdermott Holdings, LLC Pension Plan

Data updated 2026-08-11

$366M
Total assets
59
Participants
97th
Percentile by assets
$6.2M
Avg per participant
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Official DOL plan name: Mcdermott (U.S.) Retirement Plan · Sponsored by J. Ray Mcdermott Holdings, LLC · Texas · Construction

$366M in assets, 59 participants

J. Ray Mcdermott Holdings, LLC's Mcdermott (U.S.) Retirement Plan reported $366M in total assets and 59 participants in its 2022 DOL Form 5500 filing, ranking in the 97th 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.

  • 97th percentile by assets (of 139,126 plans)
  • #9,620 in Construction (9,927 peers)

Where Mcdermott (U.S.) Retirement Plan sits by assets

Mcdermott (U.S.) Retirement Plan sits in the top 5% of all filed plans by assets, $366M for 59 participants (~$6.2M/participant), down 25.9% in 2022.

$366M
total plan assets (2022 EOY)
59
covered participants
97th
percentile by assets (of 139,126 plans)
$6.2M
avg assets per participant

The plan reported a net loss of $125M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Mcdermott (U.S.) Retirement Plan sits by total assets

Mcdermott (U.S.) Retirement Plan vs every filed plan by assets

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

$365,820,056 Top 3% higher than 97% of 139,123 filed plans

This plan $0 $2,010,000,000 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

State
Texas
Industry
Construction

Mcdermott (U.S.) Retirement Plan vs the 2022 asset distribution

By assets, Mcdermott (U.S.) Retirement Plan outranks 97% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 3.7x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$493M
Net Assets (End of Year)$365M
Net Income-$125M
Employer EIN721280625
Plan Effective Date1995-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (J. Ray Mcdermott Holdings, LLC)

$-200M$0M$200M$400M$600M 20222023 $366M $0.55M ▼ -99.8%
Total plan assets by year, all J. Ray Mcdermott Holdings, LLC plans on file
Year Plans Participants Total Assets
2022 1 59 $366M
2023 1 12 $546K

Nearby Defined Benefit (Pension) Plans in Texas

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

Mcdermott (U.S.) Retirement Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Mcdermott (U.S.) Ret…, Total assets ($B): 0.365820056 · Participants: 59Mcdermott (U.S.) Ret…AT&T Pension Benefit…, Total assets ($B): 40.998144 · Participants: 119463AT&T Pension Benefit…Shell Pension Plan, Total assets ($B): 14.642588618 · Participants: 12912Shell Pension PlanExxonmobil Pension P…, Total assets ($B): 11.599 · Participants: 23661Exxonmobil Pension P…Caterpillar Inc. Ret…, Total assets ($B): 9.541187279 · Participants: 12815Caterpillar Inc. Ret…Bp Retirement Accumu…, Total assets ($B): 5.371602289 · Participants: 9156Bp Retirement Accumu…
Mcdermott (U.S.) Retirement Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants
Compare Mcdermott (U.S.) Retirement Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Mcdermott (U.S.) Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did Mcdermott (U.S.) Retirement Plan assets move in 2022? ▼
Mcdermott (U.S.) Retirement Plan declined sharply - down 25.9% during 2022, from $493M to $366M. Reported net income was -$125M.
How have J. Ray Mcdermott Holdings, LLC plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), J. Ray Mcdermott Holdings, LLC's sponsor-wide assets declined 99.9%, from $366M to $546K.
Where does Mcdermott (U.S.) Retirement Plan rank by assets among Form 5500 filers? ▼
Mcdermott (U.S.) Retirement Plan ranks in the 97th 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 Mcdermott (U.S.) Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is California Teachers Association Employees Retirement Benefits Plan in CA ($366M, 502 participants).

Next read for Mcdermott (U.S.) Retirement Plan

Scale reading

Ways to act on Mcdermott (U.S.) Retirement Plan's numbers.

  • By total assets, Mcdermott (U.S.) Retirement Plan ranks in the top 5% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Texas. Compare plans
  • J. Ray Mcdermott Holdings, LLC's sponsor-wide assets have declined 99.9% since 2022 across 2 plan years on file. More Construction plans

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 721280625.

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.