# Abaco Drilling Technologies LLC 401(k) Plan
Source: https://planprovider.pro/companies/abaco-drilling-technologies-llc-401k-plan

> Abaco Drilling Technologies LLC's 401(k) plan: 141 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/arthur-j-gallagher-and-co) — CONSULTANT

- [ADP, INC.](https://planprovider.pro/provider/adp-retirement-services) — RECORD KEEPER

- [RYAN & MANN](https://planprovider.pro/provider/ryan-mann-llc) — 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|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/abaco-drilling-technologies-llc-401k-plan)

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