401(k) · DOL Form 5500 · 2023

Parker Drilling Company 401(k) Plan

Data updated 2026-08-25

$86M
Total assets Below avg plan size
831
Participants Near avg headcount
90th
Percentile by assets National rank
$102,941
Avg per participant Below avg balance/head
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Official DOL plan name: Parker Wellbore 401(k) Retirement Savings Plan · Sponsored by Parker Drilling Company · Texas · Mining & Oil Extraction

$86M in assets, 831 participants

Parker Drilling Company's Parker Wellbore 401(k) Retirement Savings Plan reported $86M in total assets and 831 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #651 in Mining & Oil Extraction (811 peers)

Where Parker Wellbore 401(k) Retirement Savings Plan sits by assets

Parker Wellbore 401(k) Retirement Savings Plan sits in the top 10% of all filed plans by assets, $86M for 831 participants (~$102,941/participant), up 18.3% in 2023.

#651
in Mining & Oil Extraction (811 peers)
+18.3%
assets growth YoY
0.9×
vs typical plan assets (national mean)

Parker Wellbore 401(k) Retirement Savings Plan's outsized position by total assets

Parker Wellbore 401(k) Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$85,544,086 Top 10% higher than 90% of 127,068 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 2023

Parker Wellbore 401(k) Retirement Savings Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Parker Wellbore 401(k) Retirement Savings Plan sits mid-pack in the medium band (831 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Parker Wellbore 401(k) Retirement Savings Plan reported net income rose from -$17M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • Parker Wellbore 401(k) Retirement Savings Plan end-of-year assets rose from $72M in the plan year 2022 filing to $86M in the plan year 2023 filing.
  • Parker Wellbore 401(k) Retirement Savings Plan reported participants rose from 719 in the plan year 2022 filing to 831 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 730618660 · Parker Drilling Company PY 2023 · 401(k)

Parker Wellbore 401(k) Retirement Savings Plan · $86M · 831 · 90th

  • BOY $86M
  • SCH 831
  • EBSA 90th
  • PART 401(k)
  • TYPE near Plumbing & Pipefitting Industry Retirement Plan of Kansas
  • NET ind #651

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 Mining & Oil Extraction retirement plans → · Plans in Texas →

Parker Wellbore 401(k) Retirement Savings Plan in the asset neighbourhood

Quincy Mutual Fire Insurance Company 401(k) Profit Sharing Plan and TrustQuincy Mutual Fire Insurance…$86MPlumbing & Pipefitting Industry Retirement Plan of KansasPlumbing & Pipefitting Indus…$86MParker Wellbore 401(k) Retirement Savings PlanParker Wellbore 401(k) Retir…$86MJordano's, Inc. 401(k) Plan$86MNcino, Inc. 401(k) Plan$86M
End-of-year total assets ($M) among Parker Wellbore 401(k) Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$72M
Net Assets (End of Year)$86M
Net Income$13M
Employer EIN730618660
Plan Effective Date1980-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Parker Drilling Company)

Sponsor-wide plan assets over time

All Parker Drilling Company plans reported in each filing year

Latest sponsor-wide plan assets
$96M 33.45973228291081% vs 2022
2024 filing year
$60M$70M$80M$90M$100M 202220232024 $72.3M $96.5M ▲ +33.5%
Year Plans Participants Total Assets
2022 1 719 $72M
2023 1 831 $86M
2024 1 991 $96M

Nearby 401(k) Plans in Texas

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Parker Wellbore 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Parker Wellbore 401(k) Retirement Savings Plan, Total assets ($B): 0.085544086 · Participants: 831Parker Wellbore 401(k) Retirement Savings PlanAT&T Retirement Savings Plan, Total assets ($B): 40.012012 · Participants: 119854AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 21.917 · Participants: 23477Exxonmobil Savings PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 16.496476432 · Participants: 41679Caterpillar 401(k) Savings PlanAmerican Airlines, Inc. 401(k) Plan, Total assets ($B): 14.680189879 · Participants: 88792American Airlines, Inc. 401(k) PlanDell Inc. 401(k) Plan, Total assets ($B): 13.529835 · Participants: 45686Dell Inc. 401(k) Plan
Parker Wellbore 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Texas, assets vs. participants
Compare Parker Wellbore 401(k) Retirement Savings Plan side-by-side with 3 peers →

Parker Wellbore 401(k) Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Texas, the nearest 401(k) by assets is Plumbing & Pipefitting Industry Retirement Plan of Kansas in IL ($86M); by covered participants it is Marcou Transportation Group 401(k) Plan in MA (831 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (831 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Parker Wellbore 401(k) Retirement Savings Plan assets move in 2023? ▼
Parker Wellbore 401(k) Retirement Savings Plan grew sharply - up 18.3% during 2023, from $72M to $86M. Reported net income was $13M.
How have Parker Drilling Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Parker Drilling Company's sponsor-wide assets grew 33.5%, from $72M to $96M.
Where does Parker Wellbore 401(k) Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Parker Wellbore 401(k) Retirement Savings Plan ranks in the 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Parker Wellbore 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Plumbing & Pipefitting Industry Retirement Plan of Kansas in IL ($86M, 1,239 participants).
Which 401(k) plans cover a similar participant headcount to Parker Wellbore 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Marcou Transportation Group 401(k) Plan in MA (831 participants, $23M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 730618660.

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.