Plan Snapshot
- Plan Sponsor: Falcon Drilling Co LLC
- Sponsor EIN: 251885639
- Sponsor Address: 102 BROADWAY STREET, SUITE 300, CARNEGIE, PA, 151062486
- Plan Type: 401(k)
- Total Participants: 124
- Total Assets: $4.0M
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 | 124 | $4.0M | $223,156 | $298,669 |
| 2023 | 133 | $3.2M | $164,487 | $294,576 |
| 2022 | 154 | $2.6M | $200,291 | $275,477 |
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 |
|---|---|---|---|---|
| R.D. HOAG & ASSOCIATES, LLC | 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 | $34,787 | $17,662 | — | — | — |
| 2023 | $29,365 | $13,806 | — | — | — |
| 2022 | $27,024 | $12,724 | — | — | $14,300 |