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Schlumberger Technology Corporation Profit Sharing Plan for Specified Drilling Group Employees
Schlumberger Technology Corporation, Houston TX. Employer ID 221692661, plan number 040. Annual reports on file for 2012 to 2019.
Where the money went
Plans that moved money into this one:
- 2016: money from Schlumberger Technology Corporation Savings and Retirement Plan moved in.
- Filed 2012-2019Schlumberger Technology Corporation Profit Sharing Plan for Specified Drilling Group Employees, Schlumberger Technology Corporation
- 2018Assets transferred to Schlumberger Technology Corporation Savings and Retirement Plan
- TodaySchlumberger Technology Corporation Savings and Retirement Plan still files. That is where to ask.
Left in 2015? Worth asking about employer money
- In plan year 2015, active participants fell from 1,941 to 1,500 (23%), and 127 people left before they were fully vested. When a plan loses about 20% or more of its participants in a year, the IRS presumes a partial plan termination (Revenue Ruling 2007-43). Everyone who left in that period must then be fully vested in the employer's contributions. Filing
This is a reason to ask the plan, not a finding. The plan decides, and it may show the drop was routine.
Worked here?
Check your years. We show whether the plan merged or moved money while you were there, and draft the letter to the plan that holds it now.
Events in the filings
- 2019: The plan filed its last report: it ended, merged into another plan, or paid everyone out.
- 2019: At least a quarter of the plan's money moved to another plan this year, usually in a merger or company split.
- 2019: The employer decided to close the plan.
People in the plan
"Left, still in the plan" counts people who left the employer but still have a benefit in the plan, as reported by the plan.
| Plan year | Participants | Left, still in the plan | Source |
|---|---|---|---|
| 2012 | 2,426 | 0 | Filing |
| 2013 | 2,199 | 0 | Filing |
| 2014 | 2,410 | 0 | Filing |
| 2015 | 2,207 | 0 | Filing |
| 2016 | 2,049 | 0 | Filing |
| 2017 | 1,894 | 652 | Filing |
| 2018 | 1,741 | 576 | Filing |
| 2019 | 0 | 0 | Filing |
Source: U.S. Department of Labor Form 5500 filings. Plan-level facts only; no one's balance. Information only, not legal advice.