Retirement plan

DIAMOND OFFSHORE 401(K) PLAN

Name: DIAMOND OFFSHORE MANAGEMENT COMPANY - DIAMOND OFFSHORE 401(K) PLAN (2021) Form 5500
Creator: DIAMOND OFFSHORE MANAGEMENT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DIAMOND OFFSHORE 401(K) PLAN, DIAMOND OFFSHORE MANAGEMENT COMPANY

DIAMOND OFFSHORE MANAGEMENT COMPANYEIN 13-3560049Plan #001PY 2021

15415 KATY FREEWAY, SUITE 100 - HOUSTON, TX 770941812281-492-5300

Prospect flagsHigh assets / participantLow employer contributionFailed to provide benefit

How to read this page

Total assets (EOY)

$420.7M

+11.5% from 2016

Total participants

1,457

+22.2% from 2016

Average account balance

$309,814

-5.6% from 2016

Annual return

14.58%

-5.45 pp from 2016

Benchmarks

See 65 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants1,000-4,999

Cohort65 peers

Snapshot2021

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$377.43M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$282K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,340

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19.90M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.96%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$270

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.7+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$286,962
WEAVER AND TIDWELL, LLP1 year Filed as: WEAVER AND TIDWELL LLP Service code 10 · EIN 75-0786316	Accounting	$21,000
PRIME CAPITAL INVESTMENT ADVISORS1 year Service code 27 · EIN 82-1364595	Advisory (Plan)	$18,743
FIDELITY INVESTMENTS INSTITUTIONAL7+ years Service code 37 · EIN 04-2647786	Loan Processing	-$38,182

Plan features & details

Pension benefit codes2K2T2E2F2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$326K

$313 / participant

Investment mgmt$287K88.0%
Other / not subdivided$39K12.0%

% of EOY assets

0.077%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WEAVER & TIDWELL LLP
Auditor EIN: 750786316
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$309,814

$142,386+117.6%

$152,473+103.2%

$93,010+233.1%

Participation rate

90.5%

85.6%+4.9pp

78.2%+12.3pp

73.9%+16.6pp

Annual return

14.58%

18.07%-3.5pp

757.59%-743.0pp

158.70%-144.1pp

Employer contribution / active EE

$5,485-100.0%

$4,326-100.0%

$2,705-100.0%

Participant deferral / active EE

$10,056

$6,872+46.3%

$5,817+72.9%

$4,561+120.5%

Admin fee / account holder

$240

$108+122.5%

$15,811-98.5%

$152+58.3%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.7+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$286,962

WEAVER AND TIDWELL, LLP1 year

Filed as: WEAVER AND TIDWELL LLP

Service code 10 · EIN 75-0786316

Accounting

$21,000

PRIME CAPITAL INVESTMENT ADVISORS1 year

Service code 27 · EIN 82-1364595

Advisory (Plan)

$18,743

FIDELITY INVESTMENTS INSTITUTIONAL7+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$38,182

DIAMOND OFFSHORE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DIAMOND OFFSHORE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion