Profit Sharing · DOL Form 5500 · 2022

True Drilling LLC Profit Sharing Plan

Data updated 2026-08-11

$111M
Total assets: 791
Participants: 93rd
Percentile by assets: $140,331
Avg per participant

Official DOL plan name: True Companies Employees Profit Sharing Plan · Sponsored by True Drilling LLC · Wyoming · Mining & Oil Extraction

$111M in assets, 791 participants

True Drilling LLC's True Companies Employees Profit Sharing Plan reported $111M in total assets and 791 participants in its 2022 DOL Form 5500 filing, ranking in the 93rd 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.

93rd percentile by assets (of 139,126 plans)
#768 in Mining & Oil Extraction (892 peers)

Coverage in Wyoming

True Companies Employees Profit Sharing Plan covers 791 participants in Wyoming, 8.4x the typical Wyoming plan (state average ~94 per filing). Assets: $111M.

$111M
total plan assets (2022 EOY): 791
covered participants: 93rd
percentile by assets (of 139,126 plans): $140,331
avg assets per participant

The plan reported a net loss of $57M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

State

Wyoming

Industry

Mining & Oil Extraction

Participants vs Wyoming filers

In Wyoming, the average filing covers about 94 participants across 233 plans. True Companies Employees Profit Sharing Plan reports 791 participants - 8.4x that state average ($111M EOY assets).

Wyoming filing particulars

Total Assets (Beginning of Year)	$167M
Net Assets (End of Year)	$110M
Net Income	-$57M
Employer EIN	830171045
Plan Effective Date	1956-12-31
Filing Status	FILING RECEIVED

Sponsor Plan History (True Drilling LLC)

Total plan assets by year, all True Drilling LLC plans on file

Year	Plans	Participants	Total Assets
2022	2	1,492	$163M
2023	2	1,741	$190M
2024	2	1,738	$211M

Nearby Profit Sharing Plans in Wyoming

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

True Companies Employees Profit Sharing Plan vs. nearby Profit Sharing plans in Wyoming, assets vs. participants

North Platte Physical Therapy Services, Inc. Profit Sharing Plan $16M · 125
Pro-Kote Engineering & Supply Profit Sharing Plan $11M · 8
Pronghorn Construction Limited Keogh Plan $10M · 4
Alta Partners Profit Sharing Trust $7M · 9
Keith P. Tyler Profit Sharing Plan $6M · 2

Compare True Companies Employees Profit Sharing … side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to True Companies Employees Profit Sharing Plan by total assets, not by location.

Otterbein University Tax Deferred Annuity and Defined Contribution Retirement Plan (OH) $111M · 400
Byer California Retirement Savings Plan (CA) $111M · 257
The Oriental Bank Coda Profit Sharing Plan (PR) $110M · 2,082
Choate, Hall & Stewart LLP Tax Deferred Savings Plan (MA) $112M · 260

Frequently Asked Questions

How did True Companies Employees Profit Sharing Plan assets move in 2022? ▼

True Companies Employees Profit Sharing Plan contracted severely - down 33.6% during 2022, from $167M to $111M. Reported net income was -$57M.

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 Profit Sharing Plan rank by assets among Form 5500 filers? ▼

True Companies Employees Profit Sharing Plan ranks in the 93rd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).

Which Profit Sharing plans are similar in size to True Companies Employees Profit Sharing Plan? ▼

Among Profit Sharing plans in other states, the closest by assets is Otterbein University Tax Deferred Annuity and Defined Contribution Retirement Plan in OH ($111M, 400 participants).

Next read for True Companies Employees Profit Sharing …

Filing takeaways

Ways to act on True Companies Employees Profit Sharing Plan's numbers.

By total assets, True Companies Employees Profit Sharing Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in Wyoming. Compare plans
True Drilling LLC's sponsor-wide assets have grown 29.6% since 2022 across 3 plan years on file. More Mining & Oil Extraction plans

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.