Sbm Offshore Usa, Inc. 401(k) Plan: Login, Facts & Contact Information

Sbm Offshore Usa, Inc. 401(k) Plan Facts

Plan name
SBM OFFSHORE USA, INC. SAVINGS AND RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SBM OFFSHORE USA, INC.
Participants
348 (29 active employees)
Former employees with a balance
271
Plan assets
$88,036,113 at Dec 31, 2024
Average account balance
$283,074 across 311 accounts
Employer contributions
$235,206 in plan year 2024 (34% of all contributions)
Recordkeeper
The Vanguard Group, Inc.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jul 16, 1990
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Aug 7, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $688,520 went into the plan in contributions, $235,206 of it from the employer (34%).
  • $14.1 million was paid out to participants.
  • Investment and other income added $10.8 million.
  • Administrative expenses were $74,790, about $240 per account.

How the Sbm Offshore Usa, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019535$111.2 million$1.97 million$8.14 million
2020525$111.6 million$1.79 million$17.9 million
2021483$110.2 million$451,672$16.3 million
2022417$84.7 million$231,082$10.6 million
2023382$90.7 million$182,923$7.50 million
2024348$88.0 million$235,206$14.1 million

Sbm Offshore Usa, Inc. 401(k) Contact Information

Phone
281-848-6000
Mailing address
585 N DAIRY ASHFORD RD SUITE 700, HOUSTON TX 77079
Plan sponsor
SBM OFFSHORE USA, INC.
Employer identification number (EIN)
95-4278218
Plan number
001

Questions about the Sbm Offshore Usa, Inc. 401(k)

Does Sbm Offshore Usa, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $235,206, 34% of all contributions.

Does the Sbm Offshore Usa, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Sbm Offshore Usa, Inc 401(k) plan?

348 participants at the start of plan year 2024, 29 of them active employees, and 271 former employees who still had money in the plan.

What is the average 401(k) balance at Sbm Offshore Usa, Inc?

About $283,074 per account: $88.0 million in plan assets across 311 accounts with a balance at the end of plan year 2024.

Who manages the Sbm Offshore Usa, Inc 401(k) accounts?

Vanguard (listed on the filing as THE VANGUARD GROUP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Sbm Offshore Usa, Inc. How do I access my 401(k)?

Your account stays with Vanguard after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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