Plan Snapshot
- Plan Sponsor: Cyclone Drilling, INC.
- Sponsor EIN: 830222580
- Sponsor Address: 5800 MOHAN ROAD, GILLETTE, WY, 82718
- Plan Type: 401(k)
- Total Participants: 300
- Total Assets: $19.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 300 | $19.0M | $896,363 | $1.6M |
| 2023 | 292 | $15.1M | $791,937 | $1.4M |
| 2022 | 244 | $12.0M | $642,693 | $1.2M |
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 |
|---|---|---|---|---|
| BENNETT, WEBER & HERMSTAD LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $88,823 | $81,544 | $7,279 | — | — |
| 2023 | $69,113 | $62,004 | $7,109 | — | — |
| 2022 | $65,265 | $58,215 | $7,050 | — | — |