Transocean International Limited 401(k) Review & Grade
Transocean U.S. Savings Plan
Mining, Oil & Gas2,230 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$13,516Employer $ per active participant
$11,295Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$838.7MNet plan assets, end of year
$246,821Average balance per account
Score breakdown
- Employer generosity46.1 / 5092th percentile for employer $ per participant
- Low cost21.6 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving12.7 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 87th |
| Employee saving | 84th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,387 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Transocean International Limited put in about $13,516 per active participant, more than the typical peer ($4,357). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $30,146,932 |
| Participant (employee) contributions | $25,194,251 |
| Other contributions (incl. rollovers in) | $2,091,631 |
| Administrative expenses paid from the plan | $417,150 |
| Contract administrator fees | $3,900 |
| Investment advisory & management fees | $152,773 |
| Benefits paid out | $73,288,222 |
| Net assets, start / end of year | $746.7M / $838.7M |
| Active participants, start / end of year | 2,151 / 2,310 |
| Participants with account balances | 3,398 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $237,221 reported compensation |
| Strategic Advisors, Inc. | $152,773 reported compensation |
| Ernst & Young | $27,810 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250715155011NAL0002399681001, received 2025-07-15, EIN 66-0582307, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.