Rowan Companies Incorporated 401(k) Plan: Login, Facts & Contact Information
No Form 5500 has been filed for this plan since plan year 2019. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.
Rowan Companies Incorporated 401(k) Login
Retirement plan providers can change. This information is from the plan's 2019 filing.
Rowan Companies Incorporated 401(k) Plan Facts (plan year 2019)
Source: Form 5500 for plan year 2019 (Jan 1, 2019 – Dec 31, 2019), filed Oct 15, 2020. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2019
- $20.4 million went into the plan in contributions, $7.65 million of it from the employer (38%).
- $39.1 million was paid out to participants.
- Investment and other income added $45.2 million.
- Administrative expenses were $75,956, about $289 per account.
How the Rowan Companies Incorporated 401(k) changed, 2014–2019
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2014 | 1,922 | $178.4 million | $12.9 million | $13.0 million |
| 2015 | 2,257 | $185.7 million | $14.1 million | $25.7 million |
| 2016 | 2,151 | $197.7 million | $10.4 million | $26.1 million |
| 2017 | 1,871 | $217.1 million | $8.51 million | $34.6 million |
| 2018 | 1,792 | $197.2 million | $7.62 million | $26.0 million |
| 2019 | 1,715 | $70.3 million | $7.65 million | $39.1 million |
Rowan Companies Incorporated 401(k) Contact Information
Questions about the Rowan Companies Incorporated 401(k)
Is the Rowan Companies Incorporated 401(k) plan still active?
We can't confirm that. The last Form 5500 on record for this plan covers plan year 2019, and no later filing was found under this employer's EIN.
Does Rowan Companies Incorporated contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2019 the employer contributed $7.65 million, 38% of all contributions.
Does the Rowan Companies Incorporated 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the Rowan Companies Incorporated 401(k) plan?
1,715 participants at the start of plan year 2019, 1,110 of them active employees.
What is the average 401(k) balance at Rowan Companies Incorporated?
About $267,302 per account: $70.3 million in plan assets across 263 accounts with a balance at the end of plan year 2019.
Who manages the Rowan Companies Incorporated 401(k) accounts?
Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.