401(k) · DOL Form 5500 · 2024

Mcdermott Investments 401(k) Plan

Data updated 2026-08-25

$1.4B
Total assets Very large vs avg
3,605
Participants Above avg headcount
99th
Percentile by assets National rank
$375,431
Avg per participant High balance/head
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Official DOL plan name: Mcdermott Savings Plan · Sponsored by Mcdermott Investments · Texas · Construction

$1.4B in assets, 3,605 participants

Mcdermott Investments's Mcdermott Savings Plan reported $1.4B in total assets and 3,605 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.

  • #8,943 in Construction (9,039 peers)

Coverage in Texas

Mcdermott Savings Plan covers 3,605 participants in Texas, 5.2x the typical Texas plan (state average ~688 per filing). Assets: $1.4B.

#8,943
in Construction (9,039 peers)
+3.4%
assets growth YoY
14×
vs typical plan assets (national mean)

Mcdermott Savings Plan's outsized position by total assets

Mcdermott Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$1,353,429,851 Top 1% higher than 99% of 123,620 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 2024

Mcdermott Savings Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mcdermott Savings Plan lands in the large band (3,605 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Mcdermott Savings Plan reported net income fell from $108M in the plan year 2023 filing to $44M in the plan year 2024 filing.
  • Mcdermott Savings Plan reported participants rose from 3,316 in the plan year 2023 filing to 3,605 in the plan year 2024 filing.
  • Mcdermott Savings Plan end-of-year assets rose from $1.3B in the plan year 2023 filing to $1.4B in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 741032246 · Mcdermott Investments PY 2024 · 401(k)

Mcdermott Savings Plan · $1.4B · 3,605 · 99th

  • IND $1.4B
  • IND 3,605
  • IND 99th
  • IND 401(k)
  • IND near Erie Insurance Group Employee Savings Plan
  • IND ind #8943

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 Construction retirement plans → · Plans in Texas →

Mcdermott Savings Plan in the asset neighbourhood

Renesas Electronics America Inc. 401(k) PlanRenesas Electronics America …$1.4BMcdermott Savings Plan$1.4BErie Insurance Group Employee Savings PlanErie Insurance Group Employe…$1.4BThe Milliken Retirement Plan$1.4BThe Savings Investment Plan for Employees of Reckitt Benckiser LLCThe Savings Investment Plan …$1.3B
End-of-year total assets ($B) among Mcdermott Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Texas filing particulars

Total Assets (Beginning of Year)$1.3B
Net Assets (End of Year)$1.4B
Net Income$44M
Employer EIN741032246
Plan Effective Date1978-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mcdermott Investments)

Sponsor-wide plan assets over time

All Mcdermott Investments plans reported in each filing year

Latest sponsor-wide plan assets
$1.4B 12.089219391063247% vs 2022
2024 filing year
$1.15B$1.2B$1.25B$1.3B$1.35B$1.4B 202220232024 $1.21B $1.35B ▲ +11.6%
Year Plans Participants Total Assets
2022 2 3,793 $1.2B
2023 2 3,353 $1.3B
2024 1 3,605 $1.4B

Nearby 401(k) Plans in Texas

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

Mcdermott Savings Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Mcdermott Savings Plan, Total assets ($B): 1.353429851 · Participants: 3605Mcdermott Savings PlanAT&T Retirement Savings Plan, Total assets ($B): 43.121795 · Participants: 109889AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 23.711 · Participants: 21990Exxonmobil Savings PlanChevron Employee Savings Investment Plan, Total assets ($B): 20.378704663 · Participants: 21505Chevron Employee Savings Investment PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 18.81200478 · Participants: 43873Caterpillar 401(k) Savings PlanSouthwest Airlines Co. Retirement Savings Plan, Total assets ($B): 16.991748637 · Participants: 67820Southwest Airlines Co. Retirement Savings Plan
Mcdermott Savings Plan vs. nearby 401(k) plans in Texas, assets vs. participants
Compare Mcdermott Savings Plan side-by-side with 3 peers →

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

Outside Texas, the nearest 401(k) by assets is Erie Insurance Group Employee Savings Plan in PA ($1.4B); by covered participants it is Utz Quality Foods, LLC Profit Sharing/401(k) Plan in PA (3,605 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.4B here).

Similar participant headcount

Nearest other-state filings by covered participants (3,605 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Mcdermott Savings Plan assets move in 2024? ▼
Mcdermott Savings Plan edged up modestly - up 3.4% during 2024, from $1.3B to $1.4B. Reported net income was $44M.
How have Mcdermott Investments plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mcdermott Investments's sponsor-wide assets grew 12.1%, from $1.2B to $1.4B.
Where does Mcdermott Savings Plan rank by assets among Form 5500 filers? ▼
Mcdermott Savings Plan ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Mcdermott Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Erie Insurance Group Employee Savings Plan in PA ($1.4B, 6,484 participants).
Which 401(k) plans cover a similar participant headcount to Mcdermott Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Utz Quality Foods, LLC Profit Sharing/401(k) Plan in PA (3,605 participants, $274M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 741032246.

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.