401(k) · DOL Form 5500 · 2023
Parker Drilling Company 401(k) Plan
Data updated 2026-08-11
- $86M
- Total assets
- 831
- Participants
- 90th
- Percentile by assets
- $102,941
- Avg per participant
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.
- 90th percentile by assets (of 127,072 plans)
- #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.
- $86M
- total plan assets (2023 EOY)
- 831
- covered participants
- 90th
- percentile by assets (of 127,072 plans)
- $102,941
- avg assets per participant
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.
Parker Wellbore 401(k) Retirement Savings Plan vs the 2023 asset distribution
By assets, Parker Wellbore 401(k) Retirement Savings Plan outranks 90% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.9x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $72M |
|---|---|
| Net Assets (End of Year) | $86M |
| Net Income | $13M |
| Employer EIN | 730618660 |
| Plan Effective Date | 1980-09-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Parker Drilling Company)
| 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
- AT&T Retirement Savings Plan $40.0B · 119,854
- Exxonmobil Savings Plan $21.9B · 23,477
- Caterpillar 401(k) Savings Plan $16.5B · 41,679
- American Airlines, Inc. 401(k) Plan $14.7B · 88,792
- Dell Inc. 401(k) Plan $13.5B · 45,686
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Parker Wellbore 401(k) Retirement Savings Plan by total assets, not by location.
- Plumbing & Pipefitting Industry Retirement Plan of Kansas (IL) $86M · 1,239
- Quincy Mutual Fire Insurance Company 401(k) Profit Sharing Plan and Trust (MA) $86M · 218
- Jordano's, Inc. 401(k) Plan (CA) $86M · 495
- Ncino, Inc. 401(k) Plan (NC) $86M · 1,487
Frequently Asked Questions
How did Parker Wellbore 401(k) Retirement Savings Plan assets move in 2023? ▼
How have Parker Drilling Company plan assets changed over time? ▼
Where does Parker Wellbore 401(k) Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Parker Wellbore 401(k) Retirement Savings Plan? ▼
Next read for Parker Wellbore 401(k) Retirement Saving…
Scale reading
Ways to act on Parker Wellbore 401(k) Retirement Savings Plan's numbers.
- By total assets, Parker Wellbore 401(k) Retirement Savings Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Texas. Compare plans
- Parker Drilling Company's sponsor-wide assets have grown 33.5% since 2022 across 3 plan years on file. More Mining & Oil Extraction plans