Plan Snapshot
- Plan Sponsor: Abaco Drilling Technologies LLC
- Sponsor EIN: 272988638
- Sponsor Address: 713 NORTHPARK CENTRAL DRIVE,, HOUSTON, TX, 77073
- Plan Type: 401(k)
- Total Participants: 141
- Total Assets: $12.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 141 | $12.4M | $587,989 | $1.1M |
| 2023 | 146 | $11.8M | $544,568 | $1.0M |
| 2022 | 133 | $8.9M | $496,513 | $921,007 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| GALLAGHER BENEFIT SERVICES | CONSULTANT | $23,506 | — | $23,506 |
| ADP, INC. | RECORD KEEPER | $9,433 | — | $9,433 |
| RYAN & MANN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALLAGHER BENEFIT SERVICES — CONSULTANT
- ADP, INC. — RECORD KEEPER
- RYAN & MANN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,939
- Estimated Expense Ratio: 0.267% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $32,939 | $25,107 | — | — | — |
| 2023 | $26,881 | $20,044 | — | — | — |
| 2022 | $27,230 | — | — | — | — |