Subsea 7 (US) LLC 401(k) Review & Grade
Subsea 7 401(k) Retirement Plan
Houston, TXProfessional, Scientific & Technical Services664 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,804Employer $ per active participant
$12,419Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$153.4MNet plan assets, end of year
$197,195Average balance per account
Score breakdown
- Employer generosity43.0 / 5086th percentile for employer $ per participant
- Low cost20.5 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving11.5 / 1577th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 82th |
| Employee saving | 77th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Subsea 7 (US) put in about $7,804 per active participant, more than the typical peer ($3,082). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $5,181,975 |
| Participant (employee) contributions | $8,246,268 |
| Other contributions (incl. rollovers in) | $1,653,641 |
| Administrative expenses paid from the plan | $97,038 |
| Investment advisory & management fees | $17,308 |
| Benefits paid out | $10,620,708 |
| Net assets, start / end of year | $128.2M / $153.4M |
| Active participants, start / end of year | 673 / 655 |
| Participants with account balances | 778 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Weaver and Tidwell, LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services Inc | $83,116 reported compensation |
| Prime Capital Inv Adv LLC | $7,786 reported compensation |
| Morningstar Inc | $6,061 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009012028NAL0003618963001, received 2025-10-09, EIN 94-3425630, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.