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Mcdermott Thrift Plan
Mcdermott Investments, LLC, Houston TX. Employer ID 741032246, plan number 003. Annual reports on file for 2009 to 2018.
Where the money went
Plans that moved money into this one:
- 2009: money from Marine Mechanical Corporation Hourly Employees Savings Plan moved in.
- 2010: money from Bwxt Thrift Plan moved in.
- 2010: money from Nuclear Fuel Services, Inc. Savings Plan moved in.
- 2014: money from Deepsea Engineering and Management 401(k) Profit Sharing Plan & Trust moved in.
- 2018: money from Chicago Bridge & Iron Savings Plan moved in.
- Filed 2009-2018Mcdermott Thrift Plan, Mcdermott Investments, LLC
- 2019Plan renumbered or taken over by a new sponsor to Mcdermott Savings Plan
- TodayMcdermott Savings Plan still files. Fidelity Investments Institutional keeps the records. That is where to ask.
Records are kept by Fidelity Investments Institutional, per the 2024 filing.
Left in 2013? Worth asking about employer money
- In plan year 2013, active participants fell from 1,398 to 904 (35%), and 232 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
- 2010: At least a quarter of the plan's money moved to another plan this year, usually in a merger or company split.
- 2010: Money moved out to another plan, but we couldn't find that plan's reports.
- 2018: Another plan used the same employer ID and plan number, and this plan's report is missing from the government data file most search tools use. That's one reason it can be hard to find.
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 |
|---|---|---|---|
| 2009 | 10,903 | 3,005 | Filing |
| 2010 | 8,223 | 6,982 | Filing |
| 2011 | 7,690 | 6,387 | Filing |
| 2012 | 7,548 | 6,026 | Filing |
| 2013 | 6,930 | 5,883 | Filing |
| 2014 | 4,425 | 3,524 | Filing |
| 2015 | 1,938 | 1,147 | Filing |
| 2016 | 1,777 | 1,099 | Filing |
| 2017 | 1,728 | 988 | Filing |
| 2018 | 1,816 | 988 | Filing |
Source: U.S. Department of Labor Form 5500 filings. Plan-level facts only; no one's balance. Information only, not legal advice.