THE HELMERICH & PAYNE, INC. 401(K)/THRIFT PLAN
Plan Contact
- Address: 222 N. DETROIT AVE.,TULSA,OK
- Contact person: DEBRA STOCKTON
- Phone: (918) 742-5531
Plan General Information
THE HELMERICH & PAYNE, INC. 401(K)/THRIFT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THE HELMERICH & PAYNE, INC. 401(K)/THRIFT PLAN is $746,418,097.00.This plan was established in 1974.
THE HELMERICH & PAYNE, INC. 401(K)/THRIFT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THE HELMERICH & PAYNE, INC. 401(K)/THRIFT PLAN is 13130
THE HELMERICH & PAYNE, INC. 401(K)/THRIFT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THE HELMERICH & PAYNE, INC. 401(K)/THRIFT PLAN is $56,848.00
THE HELMERICH & PAYNE, INC. 401(K)/THRIFT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THE HELMERICH & PAYNE, INC. 401(K)/THRIFT PLAN is $3,730.00.
THE HELMERICH & PAYNE, INC. 401(K)/THRIFT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THE HELMERICH & PAYNE, INC. 401(K)/THRIFT PLAN is approximately $2,124.00
Investing in this additonal $2,124.00 for 20 years would give you extra $135,971.00, assuming a 10% annual return.
Investing in this additonal $2,124.00 for 20 years would give you extra $135,971.00, assuming a 10% annual return.
THE HELMERICH & PAYNE, INC. 401(K)/THRIFT PLAN Total Employer Contribution and Match Rate
In 2023, THE HELMERICH & PAYNE, INC. 401(K)/THRIFT PLAN allocates $27,895,432.00 to match its employees' contributions, providing an employer match rate of 62.60% of their contributions
THE HELMERICH & PAYNE, INC. 401(K)/THRIFT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THE HELMERICH & PAYNE, INC. 401(K)/THRIFT PLAN is 19.96%.
THE HELMERICH & PAYNE, INC. 401(K)/THRIFT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THE HELMERICH & PAYNE, INC. 401(K)/THRIFT PLAN is 16.92%. This measures the effectiveness of the plan participants' investments in the year.
THE HELMERICH & PAYNE, INC. 401(K)/THRIFT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of THE HELMERICH & PAYNE, INC. 401(K)/THRIFT PLAN is 0.14%.
Enrollment Features
THE HELMERICH & PAYNE, INC. 401(K)/THRIFT PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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