# Independence Contract Drilling, INC. 401(k) Plan
Source: https://planprovider.pro/companies/independence-contract-drilling-inc-401k-plan

> Independence Contract Drilling, INC.'s 401(k) plan: 332 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Independence Contract Drilling, INC.

- **Sponsor EIN:** 371653648

- **Sponsor Address:** 20475 STATE HIGHWAY 249 SUITE 300, HOUSTON, TX, 77070

- **Plan Type:** 401(k)

- **Total Participants:** 332

- **Total Assets:** $21.2M

## 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|332|$21.2M|$1.4M|$1.6M|

| 2023|446|$20.0M|$1.5M|$1.8M|

| 2022|503|$17.1M|$1.4M|$1.7M|

## 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|

| CHARLES SCHWAB & CO. INC AND AFFIL|NONE|$24,357|—|$24,357|

| WEAVER AND TIDWELL LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [CHARLES SCHWAB & CO. INC AND AFFIL](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

- [WEAVER AND TIDWELL LLP](https://planprovider.pro/provider/weaver-and-tidwell-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $24,357

- **Estimated Expense Ratio:** 0.115% 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|$25,726|—|—|—|—|

| 2023|$11,588|—|—|—|—|

| 2022|$7,780|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/independence-contract-drilling-inc-401k-plan)

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