NATIONAL-OILWELL DEFINED BENEFIT PENSION PLAN
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
NATIONAL OILWELL VARCO, L.P.
This Defined Benefit (Pension) plan holds $198K in total assets and serves 33 participants as of 2023. It is sponsored by NATIONAL OILWELL VARCO, L.P. in Texas. The plan reported a net loss of $199M for the year.
What the Filing Says About NATIONAL-OILWELL DEFINED BENEFIT PENSION PLAN
NATIONAL-OILWELL DEFINED BENEFIT PENSION PLAN is a Defined Benefit (Pension) retirement plan sponsored by NATIONAL OILWELL VARCO, L.P., headquartered in Texas. As of the 2023 Form 5500 filing, the plan reports $198K in total end-of-year assets and covers 33 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 760488987, and the plan has been effective since 1988-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $200M at the beginning of 2023 to $198K at year-end — a decline of 99.9%. Net assets (after liabilities) closed the year at $198K, with reported net income of $-199,305,168 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 and can be compared against 1 prior plan-year filing from the same sponsor shown below.
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) | $200M |
| Total Assets (End of Year) | $198K |
| Net Assets (End of Year) | $198K |
| Net Income | $-199,305,168 |
| Plan Type | Defined Benefit (Pension) |
| Employer EIN | 760488987 |
| Plan Effective Date | 1988-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (NATIONAL OILWELL VARCO, L.P.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 182 | $200M |
| 2023 | 1 | 33 | $198K |
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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 760488987.
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.
Read our methodology — how this data is sourced, computed, and verified.