Plan Snapshot
- Plan Sponsor: True Drilling LLC
- Sponsor EIN: 830171045
- Sponsor Address: TAX DEPARTMENT, CASPER, WY, 826022360
- Plan Type: DC
- Plan Number: 001
- Total Participants: 1,350
- Total Assets: $148.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 1,350 | $148.6M | $0 | $0 |
| 2024 | 819 | $138.9M | $8.0M | $0 |
| 2023 | 773 | $126.8M | $7.0M | $0 |
| 2022 | 791 | $111.0M | $10.3M | $0 |
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 |
|---|---|---|---|---|
| RAYMOND JAMES | Other Service Provider | $352,785 | — | $352,785 |
| HILLTOP NATIONAL BANK | Custodian / Trustee | $127,567 | — | $127,567 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $480,352
- Estimated Expense Ratio: 0.323% 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 |
|---|---|---|---|---|---|
| 2025 | $13,563,374 | $434,403 | — | — | — |
| 2024 | $431,023 | $431,023 | — | — | — |
| 2023 | $369,629 | $369,577 | — | — | — |
| 2022 | $516,343 | $417,336 | $99,007 | — | — |