Industry · Form 5500 business code 211120
Crude Petroleum Extraction: retirement plans
Plans whose sponsor entered this principal business activity code on Form 5500.
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. The business code is chosen by the filer from the list in the Form 5500 instructions.
For plan year 2024, 167 retirement plans in crude petroleum extraction with 100 or more participants filed Form 5500: 151 defined contribution and 16 defined benefit. They reported 249,035 participant records and $43.5B in net assets, counting every plan on the form.
The median defined contribution plan held $106,557 per participant, well above the national median of $53,031, and its employer put in $6,729 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $114 per participant against $123 nationally.
Employers contributed $1.37B and participants $1.32B during the year, and the plans paid out $4.64B in benefits.
In 2018 the same group numbered 171 plans with $26.0B; by 2024 it was 167 plans (down 2%) and $43.5B (up 67%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Medians compared with all US plans
| Median plan, plan year 2024 | Industry: DC | US: DC | Industry: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $106,557 | $53,031 | $136,450 | $86,234 |
| Employer contributions per active participant | $6,729 | $2,174 | $33,173 | $10,244 |
| Schedule C compensation per participant | $114 | $123 | $401 | $344 |
| Schedule C compensation, share of net assets | 0.13% | 0.26% | 0.36% | 0.42% |
| Administrative expenses per participant | $105 | $116 | $697 | $527 |
Medians across plans with 100 or more participants (145 DC and 16 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $49,919 | $106,557 | $180,958 | 145 |
| Employer contributions per active participant | $2,833 | $6,729 | $10,279 | 142 |
| Schedule C compensation per participant | $50.41 | $114 | $264 | 140 |
| Administrative expenses per participant | $47.21 | $105 | $230 | 142 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2025partial | 26 | 36,970 | $12.6B | $346M | $310M | $176,253 | $86.20 |
| 2024 | 167 | 249,035 | $43.5B | $1.37B | $1.32B | $106,557 | $114 |
| 2023 | 180 | 252,259 | $41.4B | $1.36B | $1.26B | $108,322 | $96.54 |
| 2022 | 199 | 259,615 | $37.0B | $1.26B | $1.12B | $77,019 | $104 |
| 2021 | 196 | 243,655 | $43.6B | $904M | $995M | $111,606 | $106 |
| 2020 | 166 | 190,381 | $29.8B | $769M | $785M | $91,859 | $95.83 |
| 2019 | 176 | 226,416 | $30.7B | $1.12B | $968M | $67,472 | $76.32 |
| 2018 | 171 | 227,263 | $26.0B | $1.07B | $904M | $60,285 | $78.18 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 167 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 167 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Halliburton Retirement and Savings Plan | Halliburton Company | TX | DC | 24,712 | $4.54B | $183,555 | $7,298 | $68.21 |
| Conocophillips Savings Plan | Conocophillips Company | TX | DC | 14,304 | $7.84B | $548,101 | $24,188 | $103 |
| Occidental Petroleum Corporation Savings Plan | Occidental Petroleum Corporation | TX | DC | 12,855 | $3.54B | $275,005 | $10,738 | — |
| Occidental Petroleum Corporation Retirement Plan | Occidental Petroleum Corporation | TX | DC | 12,038 | $1.28B | $106,199 | $9,679 | — |
| Patterson-Uti Energy, Inc. 401(k) Profit Sharing Plan | Patterson-Uti Energy, Inc. | TX | DC | 11,429 | $613M | $53,635 | $1,364 | $34.32 |
| The Helmerich & Payne, Inc. 401(K)/THRIFT Plan | Helmerich & Payne, Inc. | OK | DC | 10,578 | $844M | $79,818 | $4,498 | $109 |
| Conocophillips Retirement Plan | Conocophillips Company | TX | DB | 10,055 | $1.42B | $141,210 | $19,385 | $277 |
| Transocean U.S. Retirement Plan | Transocean International Limited | — | DB | 7,081 | $1.16B | $163,527 | — | $205 |
| Nabors Industries, Inc. Retirement Savings Plan | Nabors Industries, Inc. | TX | DC | 5,404 | $371M | $68,634 | $3,053 | $16.12 |
| Championx 401(k) Plan | Championx LLC | TX | DC | 5,329 | $724M | $135,883 | $7,448 | $82.02 |
| Select Water Solutions, Inc. 401(k) Plan | Select Water Solutions, Inc. | TX | DC | 5,261 | $126M | $23,984 | $1,568 | $50.86 |
| PF Holdings Corp. Retirement Plan | Profrac Holdings II, LLC | TX | DC | 4,353 | $104M | $23,871 | $1,970 | $68.57 |
| Hilcorp Energy Company 401(k) Savings Plan | Hilcorp Energy Company | TX | DC | 4,315 | $818M | $189,533 | $9,994 | $66.09 |
| Eog Resources, Inc. Savings and Retirement Plan | Eog Resources, Inc. | TX | DC | 4,124 | $1.54B | $374,035 | $20,297 | $60.56 |
| Aramco U.S. Savings Plan | Aramco Shared Benefits Company | TX | DC | 3,703 | $2.89B | $780,267 | $19,605 | $20.52 |
| Devon Energy Corporation Incentive Savings Plan | Devon Energy Corporation | OK | DC | 3,592 | $1.07B | $298,926 | $18,100 | $300 |
| Transocean U.S. Savings Plan | Transocean International Limited | — | DC | 3,559 | $943M | $264,883 | $13,513 | $130 |
| The Rowan Pension Plan | Ensco International Incorporated | TX | DB | 3,476 | $474M | $136,330 | $60,957 | $522 |
| Pioneer Natural Resources USA, Inc. 401(k) and Matching Plan | Pioneer Natural Resources USA, Inc. | TX | DC | 3,340 | $849M | $254,066 | $16,147 | $171 |
| Oil States International, Inc. Retirement Plan | Oil States International, Inc. | TX | DC | 2,704 | $253M | $93,500 | $3,516 | $44.30 |
| Retirement Plan of Marathon Oil Company | Marathon Oil Company | TX | DB | 2,595 | $240M | $92,390 | $47,193 | $280 |
| Propetro Services, Inc. 401(k) Plan | Propetro Services, Inc. | TX | DC | 2,477 | $57.2M | $23,103 | $2,998 | $50.50 |
| California Resources Corporation Savings Plan | CRC Services, LLC | CA | DC | 2,466 | $501M | $203,337 | $10,136 | $114 |
| Apache Corporation 401(k) Savings Plan | Apache Corporation | TX | DC | 2,409 | $715M | $296,908 | $11,879 | $138 |
| Marathon Oil Company Thrift Plan | Marathon Oil Company | TX | DC | 2,337 | $923M | $395,026 | $12,311 | $132 |
| Apache Corporation Money Purchase Retirement Plan | Apache Corporation | TX | DC | 2,288 | $271M | $118,595 | $9,242 | $56.20 |
| Ranger Energy Services 401(k) Plan | Ranger Energy Services, LLC | TX | DC | 2,192 | $75.5M | $34,463 | $3,423 | $169 |
| Tetra Technologies, Inc. 401(k) Retirement Plan | Tetra Technologies, Inc. | TX | DC | 2,126 | $114M | $53,437 | $1,830 | $26.28 |
| Key Energy Services 401(k) Savings & Retirement Plan | Key Energy Services, Inc. | TX | DC | 2,123 | $99.9M | $47,077 | $2,257 | $74.88 |
| Ovintiv U.S. Retirement Plan | Ovintiv USA, Inc. | CO | DC | 1,916 | $547M | $285,576 | $20,365 | $155 |
| Continental Resources, Inc. 401(k) | Continental Resources, Inc. | OK | DC | 1,803 | $476M | $264,104 | $12,882 | $71.88 |
| Aramco U.S. Retirement Income Plan | Aramco Shared Benefits Company | TX | DB | 1,794 | $1.54B | $860,603 | $0 | $6,846 |
| Precision Drilling (US) Corporation 401(k) Plan | Precision Drilling (US) Corporation | TX | DC | 1,640 | $86.1M | $52,524 | $3,200 | $104 |
| Retirement Plan for Employees of Devon Energy Corporation | Devon Energy Corporation | OK | DB | 1,618 | $434M | $268,428 | — | $940 |
| Coterra Energy Inc. Retirement Savings Plan | Coterra Energy Inc. | TX | DC | 1,616 | $534M | $330,711 | $25,723 | $61.38 |
| Cactus Drilling Company, LLC 401(k) Plan | Cactus Drilling Company, LLC | OK | DC | 1,583 | $123M | $77,665 | $4,218 | $35.83 |
| Dgoc Employee Savings Plan | Diversified Gas & Oil Corporation | AL | DC | 1,545 | $110M | $71,317 | $5,953 | $376 |
| Berry Petroleum Company, LLC 401(k) Plan | Berry Petroleum Company, LLC | CA | DC | 1,507 | $88.7M | $58,852 | $4,642 | $33.89 |
| Occidental Oil & Gas Consolidated Retirement Plan | Occidental Petroleum Corporation | TX | DB | 1,506 | $67.4M | $44,736 | — | $130 |
| Halliburton Retirement Plan | Halliburton Company | TX | DB | 1,496 | $31.6M | $21,096 | $19,538 | $591 |
By plan size
By state
Questions and answers
How many retirement plans are there in crude petroleum extraction?
167 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 260 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in crude petroleum extraction?
The median defined contribution plan reported $106,557 in net assets per participant (middle half of plans: $49,919 to $180,958); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in crude petroleum extraction?
The median defined contribution plan received $6,729 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in crude petroleum extraction?
Among defined contribution plans that report any Schedule C compensation, the median was $114 per participant and 0.13% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.