401(k) · DOL Form 5500 · 2022

True Drilling LLC 401(k) Plan

Data updated 2026-08-25

$52M
Total assets Below avg plan size
701
Participants Below avg headcount
88th
Percentile by assets National rank
$73,897
Avg per participant Below avg balance/head
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Official DOL plan name: True Companies Employees 401(k) Savings Plan · Sponsored by True Drilling LLC · Wyoming · Mining & Oil Extraction

$52M in assets, 701 participants

True Drilling LLC's True Companies Employees 401(k) Savings Plan reported $52M in total assets and 701 participants in its 2022 DOL Form 5500 filing, ranking in the 88th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #695 in Mining & Oil Extraction (892 peers)

Coverage in Wyoming

True Companies Employees 401(k) Savings Plan covers 701 participants in Wyoming, 7.4x the typical Wyoming plan (state average ~94 per filing). Assets: $52M.

#695
in Mining & Oil Extraction (892 peers)
-21.7%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $14M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

True Companies Employees 401(k) Savings Plan's outsized position by total assets

True Companies Employees 401(k) Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$51,801,653 Top 12% higher than 88% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

True Companies Employees 401(k) Savings Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. True Companies Employees 401(k) Savings Plan sits mid-pack in the medium band (701 participants).

Published 5500 schedule card

Filing strip 830171045 · True Drilling LLC PY 2022 · 401(k)

True Companies Employees 401(k) Savings Plan · $52M · 701 · 88th

  • PCT $52M
  • PCT 701
  • PCT 88th
  • PCT 401(k)
  • PCT near Liqui-Box Corporation 401(k) Plan
  • PCT ind #695

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Mining & Oil Extraction retirement plans → · Plans in Wyoming →

True Companies Employees 401(k) Savings Plan in the asset neighbourhood

Hawaii State Federal Credit Union 401(k) PlanHawaii State Federal Credit …$52MCleveland Brothers Retirement Plan for Union EmployeesCleveland Brothers Retiremen…$52MTrue Companies Employees 401(k) Savings PlanTrue Companies Employees 401…$52MLiqui-Box Corporation 401(k) PlanLiqui-Box Corporation 401(k)…$52MAmphenol Affiliated Companies Employee Savings 401(k) PlanAmphenol Affiliated Companie…$52M
End-of-year total assets ($M) among True Companies Employees 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Wyoming filing particulars

Total Assets (Beginning of Year)$66M
Net Assets (End of Year)$52M
Net Income-$14M
Employer EIN830171045
Plan Effective Date1988-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (True Drilling LLC)

Sponsor-wide plan assets over time

All True Drilling LLC plans reported in each filing year

Latest sponsor-wide plan assets
$211M 29.58502903619869% vs 2022
2024 filing year
$140M$160M$180M$200M$220M 202220232024 $163M $211M ▲ +29.6%
Year Plans Participants Total Assets
2022 2 1,492 $163M
2023 2 1,741 $190M
2024 2 1,738 $211M

Nearby 401(k) Plans in Wyoming

Peer 401(k) plans, same state, same plan type, ranked by total assets.

True Companies Employees 401(k) Savings Plan vs. nearby 401(k) plans in Wyoming, assets vs. participants Scatter plot of 6 data points. 050010001500 050100150 Total assets ($M) Participants True Companies Employees 401(k) Savings Plan, Total assets ($M): 51.801653 · Participants: 701True Companies Employees 401(k) Savings PlanAdmiral Beverage Corporation 401(k) Plan, Total assets ($M): 140.627198 · Participants: 1268Admiral Beverage Corporation 401(k) PlanWyoming Machinery Company Profit Sharing 401(k) Plan, Total assets ($M): 119.599642 · Participants: 668Wyoming Machinery Company Profit Sharing 401(k) PlanTrihydro Corporation 401(k) Plan, Total assets ($M): 91.266859 · Participants: 564Trihydro Corporation 401(k) PlanNeiman Enterprises, Inc. 401(k) Profit Sharing Plan & Trust, Total assets ($M): 41.442051 · Participants: 522Neiman Enterprises, Inc. 401(k) Profit Sharing Plan & TrustWyoming Beverages, Inc. 401(k) Plan, Total assets ($M): 34.748924 · Participants: 311Wyoming Beverages, Inc. 401(k) Plan
True Companies Employees 401(k) Savings Plan vs. nearby 401(k) plans in Wyoming, assets vs. participants
Compare True Companies Employees 401(k) Savings Plan side-by-side with 3 peers →

True Companies Employees 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Wyoming, the nearest 401(k) by assets is Liqui-Box Corporation 401(k) Plan in VA ($52M); by covered participants it is Salo, LLC 401(k) Plan in MN (701 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (701 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did True Companies Employees 401(k) Savings Plan assets move in 2022? ▼
True Companies Employees 401(k) Savings Plan declined sharply - down 21.7% during 2022, from $66M to $52M. Reported net income was -$14M.
How have True Drilling LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), True Drilling LLC's sponsor-wide assets grew 29.6%, from $163M to $211M.
Where does True Companies Employees 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
True Companies Employees 401(k) Savings Plan ranks in the 88th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to True Companies Employees 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Liqui-Box Corporation 401(k) Plan in VA ($52M, 722 participants).
Which 401(k) plans cover a similar participant headcount to True Companies Employees 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Salo, LLC 401(k) Plan in MN (701 participants, $38M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 830171045.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.