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FORM 5500 DATA

The Helmerich & Payne, Inc. 401k/Thrift Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1994
  • Net Assets as of 12/31/2017 $607,854,215
  • Plan Number4
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants7,432
  • Retired or separated participants receiving benefits14
  • Other retired or separated participants entitled to future benefits3,290
  • Subtotal10,736
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits22
  • Total10,758
  • Total number of participants as of 01/01/20177,588
  • Number of participants with account balances10,196
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested1,170

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address1437 S Boulder Ave
  • CityTulsa
  • StateOK
  • Zip74119-3609
  • Telephone(918) 742-5531
  • EIN73-0679879
  • Industry Code211110
  • Named AdministratorAllen Voth

Audit Information

  • Audit StatusAudited
  • AuditorErnst & Young, LLP
  • Auditor EIN34-6565596
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? Yes $401,218
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $1,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $127,988,820
Contributions $54,263,674
Cash Contributions $54,263,674
Cash from Employers $36,392,439
Cash from Participants $17,871,235
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $73,725,146
Total Interest $2,936,748
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,386,192
Interest from Other Investments $1,550,556
Total Dividends $10,048,242
Preferred Stock $0
Common Stock $1,433,059
Rents $0
Net gain (loss) on sale of assets $5,681,391
Aggregate Proceeds $1,745,889
Aggregate Carrying Amount $-3,935,502
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $55,058,765
Other Income $0
Expenses $57,063,140
Total Benefit Payments $56,474,011
Directly to participants or beneficiaries, including direct rollovers $56,474,011
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $589,129
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $589,129
Net Income $70,925,680
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $607,854,215 $536,928,535 13.21%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $2,827,324 $4,026,065 -29.77%
Employer Contributions $1,248,214 $3,707,569 -66.33%
Participant Contributions $1,579,110 $318,496 395.80%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $34,692,495 $32,817,383 5.71%
Value of interest in common/collective trusts $336,743,977 $282,861,526 19.05%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $201,250,969 $176,219,250 14.20%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $32,339,450 $41,004,311 -21.13%
Employer Securities $32,339,450 $41,004,311 -21.13%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $607,854,215 $536,928,535 13.21%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

Other Service Providers Receiving Direct or Indirect Compensation

There are no service providers listed for this plan.

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Vanguard Retirement Savings Trust Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $79,371,465
Vanguard Target Rt 2050 Trust Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $58,346,719
Vanguard Target Rt 2045 Trust Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $53,796,713
Vanguard Target Rt 2040 Trust Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $34,577,755
Vanguard Target Rt 2035 Trust Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $27,987,723
Vanguard Target Rt 2055 Trust Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $22,023,274
Vanguard Target Rt 2025 Trust Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $20,573,394
Vanguard Target Rt 2030 Trust Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $18,666,949
Vanguard Target Rt 2020 Trust Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $11,701,938
Vanguard Target Rt 2060 Trust Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $5,180,951
Vanguard Target Rt 2015 Trust Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $2,668,919
Vanguard Targe Rt Income Trust Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $1,719,580
Vanguard Target Rt 2065 Trust Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $128,597
Total $336,743,977

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.