Plan Snapshot
- Plan Sponsor: Golden State Drilling, INC.
- Sponsor EIN: 953152814
- Sponsor Address: 3500 FRUITVALE AVENUE, BAKERSFIELD, CA, 93308
- Plan Type: 401(k)
- Total Participants: 9
- Total Assets: $4.6M
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 | 9 | $4.6M | $0 | $108,948 |
| 2023 | 52 | $5.8M | $18,966 | $352,394 |
| 2022 | 111 | $5.3M | $29,490 | $224,534 |
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 |
|---|---|---|---|---|
| BARBICH HOOPER KING | 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 | $2,083,687 | — | $30,301 | — | — |
| 2023 | $33,911 | $22,281 | — | — | — |
| 2022 | $35,602 | — | — | — | — |