THRIFT PLAN FOR EMPLOYEES OF MCDERMOTT INCORPORATED & PARTICIPATING SUBSIDIARY & AFFILIATED COMPANIES
Plan Contact
- Address: 777 N ELDRIDGE PKWY,HOUSTON,TX
- Contact person: ROCHELLE WALD
- Phone: (281) 870-5574
Plan General Information
THRIFT PLAN FOR EMPLOYEES OF MCDERMOTT INCORPORATED & PARTICIPATING SUBSIDIARY & AFFILIATED COMPANIES Total Retirement Plan Assets
At the end of 2009, the total retirement plan assets of THRIFT PLAN FOR EMPLOYEES OF MCDERMOTT INCORPORATED & PARTICIPATING SUBSIDIARY & AFFILIATED COMPANIES is $925,358,916.00.This plan was established in 1978.
THRIFT PLAN FOR EMPLOYEES OF MCDERMOTT INCORPORATED & PARTICIPATING SUBSIDIARY & AFFILIATED COMPANIES Total Number of Retirement Plan Participants
At the end of 2009, the total number of retirement plan participants in THRIFT PLAN FOR EMPLOYEES OF MCDERMOTT INCORPORATED & PARTICIPATING SUBSIDIARY & AFFILIATED COMPANIES is 10352
THRIFT PLAN FOR EMPLOYEES OF MCDERMOTT INCORPORATED & PARTICIPATING SUBSIDIARY & AFFILIATED COMPANIES Average Participant Retirement Account Value
In 2009, the average participant retirement account value for THRIFT PLAN FOR EMPLOYEES OF MCDERMOTT INCORPORATED & PARTICIPATING SUBSIDIARY & AFFILIATED COMPANIES is $89,389.00
THRIFT PLAN FOR EMPLOYEES OF MCDERMOTT INCORPORATED & PARTICIPATING SUBSIDIARY & AFFILIATED COMPANIES Estimated Average Employee Contribution Amount
In 2009, the estimated average employee contribution amount per participant for THRIFT PLAN FOR EMPLOYEES OF MCDERMOTT INCORPORATED & PARTICIPATING SUBSIDIARY & AFFILIATED COMPANIES is $9,418.00.
THRIFT PLAN FOR EMPLOYEES OF MCDERMOTT INCORPORATED & PARTICIPATING SUBSIDIARY & AFFILIATED COMPANIES Estimated Average Employer Match
In 2009, the estimated average employer match for an employee in THRIFT PLAN FOR EMPLOYEES OF MCDERMOTT INCORPORATED & PARTICIPATING SUBSIDIARY & AFFILIATED COMPANIES is approximately $922.00
Investing in this additonal $922.00 for 20 years would give you extra $59,036.00, assuming a 10% annual return.
Investing in this additonal $922.00 for 20 years would give you extra $59,036.00, assuming a 10% annual return.
THRIFT PLAN FOR EMPLOYEES OF MCDERMOTT INCORPORATED & PARTICIPATING SUBSIDIARY & AFFILIATED COMPANIES Total Employer Contribution and Match Rate
In 2009, THRIFT PLAN FOR EMPLOYEES OF MCDERMOTT INCORPORATED & PARTICIPATING SUBSIDIARY & AFFILIATED COMPANIES allocates $9,549,144.00 to match its employees' contributions, providing an employer match rate of 19.59% of their contributions
THRIFT PLAN FOR EMPLOYEES OF MCDERMOTT INCORPORATED & PARTICIPATING SUBSIDIARY & AFFILIATED COMPANIES Total Retirement Plan Asset Growth Rate
In 2009, the total retirement plan asset growth rate of THRIFT PLAN FOR EMPLOYEES OF MCDERMOTT INCORPORATED & PARTICIPATING SUBSIDIARY & AFFILIATED COMPANIES is 32.68%.
THRIFT PLAN FOR EMPLOYEES OF MCDERMOTT INCORPORATED & PARTICIPATING SUBSIDIARY & AFFILIATED COMPANIES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2009, the estimated aggregate retirement account investment gain/loss for THRIFT PLAN FOR EMPLOYEES OF MCDERMOTT INCORPORATED & PARTICIPATING SUBSIDIARY & AFFILIATED COMPANIES is 27.79%. This measures the effectiveness of the plan participants' investments in the year.
THRIFT PLAN FOR EMPLOYEES OF MCDERMOTT INCORPORATED & PARTICIPATING SUBSIDIARY & AFFILIATED COMPANIES Expense Ratio
In 2009, the investment and administrative expense ratio of THRIFT PLAN FOR EMPLOYEES OF MCDERMOTT INCORPORATED & PARTICIPATING SUBSIDIARY & AFFILIATED COMPANIES is 0.00%.
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