Texas › Professional, scientific and technical services › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Schlumberger Pension Plan for U.S. Taxpayers Employed Abroad
Sponsored by Schlumberger Technology Corporation, Houston, TX
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. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Schlumberger Pension Plan for U.S. Taxpayers Employed Abroad is a defined benefit pension plan sponsored by Schlumberger Technology Corporation of Houston, Texas. For the plan year ending 31 Dec 2024 it reported 1,234 participants, 336 of them active, and net assets of $223M.
Net assets came to $180,881 per participant, well above the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and close to the $176,808 median for defined benefit plans in professional, scientific and technical services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were $432K.
Across the filings on record, net assets went from $215M in 2016 to $223M in 2024 (up 4%), and participants from 1,399 to 1,234 (down 12%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $180,881 | $87,935 | $176,808 | $86,221 |
| Employer contributions per active participant | — | $10,593 | $35,855 | $10,244 |
| Schedule C compensation per participant | — | $325 | $450 | $344 |
| Schedule C compensation, share of net assets | — | 0.41% | 0.30% | 0.42% |
| Administrative expenses per participant | $350 | $513 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 plans), professional, scientific and technical services (277) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 1,234 | $223M | $180,881 | — | $1.0M | $0 |
| 2023 | 1,220 | $243M | $198,966 | — | $848K | $0 |
| 2022 | 1,216 | $234M | $192,138 | — | $915K | $0 |
| 2021 | 1,208 | $331M | $274,223 | — | $933K | $0 |
| 2020 | 1,200 | $329M | $274,578 | — | $1.1M | $0 |
| 2019 | 1,201 | $281M | $234,278 | — | $1.6M | $0 |
| 2018 | 1,401 | $241M | $171,782 | — | $1.9M | $0 |
| 2017 | 1,393 | $250M | $179,734 | — | $2.3M | $0 |
| 2016 | 1,399 | $215M | $153,382 | — | $3.2M | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$242,737,632
- Employer contributions—
- Participant contributions$1,043,279
- Rollovers and other contributions—
- Total contributions$1,043,279
- Total income, including investment results−$10,633,671
- Benefits paid$8,464,827
- Administrative expenses$432,134
- Total expenses$8,896,961
- Net income−$19,530,632
- Net transfers$0
- Net assets, end of year$223,207,000
Participants
- Active participants336
- Retired or separated, receiving benefits376
- Retired or separated, entitled to future benefits497
- Total participants, end of year1,234
Fees and service providers
No service provider organisations are listed on Schedule C for this plan year.
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$432,134
- Total administrative expenses$432,134
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Master trust investment accounts$223M · 100.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmBDO USA, P.C.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 541990: All Other Professional, Scientific, & Technical Services.
Other plans of Schlumberger Technology Corporation
| Plan | Participants | Net assets |
|---|---|---|
| Schlumberger Technology Corporation Savings and Retirement Plan | 38,251 | $7.44B |
| Schlumberger Technology Corporation Pension Plan | 15,574 | $3.38B |
| Schlumberger Savings and Retirement Plan for U.S. Taxpayers Employed Abroad | 1,672 | $180M |
Similar plans in Texas
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| American Bureau of Shipping Pension Plan | American Bureau of Shipping | 1,543 | $426M | $275,881 |
| Vinson & Elkins LLP Pension Plan | Vinson & Elkins LLP | 800 | $89.6M | $112,043 |
| Aecom Pension Plan | Aecom | 1,816 | $96.9M | $53,373 |
| Durham Retirement Plan | Ratp Dev USA, Inc. | 406 | $20.6M | $50,806 |
| Norton Rose Fulbright US LLP Pension Plan | Norton Rose Fulbright US LLP | 1,832 | $498M | $271,608 |
| Durham Retirement Plan | Ratp Dev USA, Inc. | 406 | $20.6M | $50,806 |
Defined benefit plans in professional, scientific and technical services closest in size.
Questions and answers
How big is Schlumberger Pension Plan for U.S. Taxpayers Employed Abroad?
1,234 participants at the end of the plan year ending 31 Dec 2024, of whom 336 were active employees, with net assets of $223,207,000. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Schlumberger Technology Corporation contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports no provider compensation for the year. Administrative expenses on Schedule H were $432,134. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Schlumberger Technology Corporation. The financial statements were audited by BDO USA, P.C.. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 8 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 22-1692661, plan 011, received 8 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.