Profit Sharing · DOL Form 5500 · 2022

True Drilling LLC Profit Sharing Plan

Data updated 2026-08-25

$111M
Total assets Near avg plan size
791
Participants Near avg headcount
93rd
Percentile by assets National rank
$140,331
Avg per participant Near avg balance/head
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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.

  • #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.

#768
in Mining & Oil Extraction (892 peers)
-33.6%
assets change YoY
1.1×
vs typical plan assets (national mean)

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.

True Companies Employees Profit Sharing Plan's outsized position by total assets

True Companies Employees Profit Sharing Plan vs every filed plan by assets

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

$111,002,027 Top 7% higher than 93% 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 Profit Sharing 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 Profit Sharing Plan sits mid-pack in the medium band (791 participants).

Plan-year Form 5500 strip

Filing strip 830171045 · True Drilling LLC PY 2022 · Profit Sharing

True Companies Employees Profit Sharing Plan · $111M · 791 · 93rd

  • RANK $111M
  • PHOTO 791
  • IND 93rd
  • EOY Profit Sharing
  • 5500 near Otterbein University Tax Deferred Annuity and Defined Contribution Retirement Plan
  • ASSETS ind #768

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 Profit Sharing Plan in the asset neighbourhood

Choate, Hall & Stewart LLP Tax Deferred Savings PlanChoate, Hall & Stewart LLP T…$112MTrue Companies Employees Profit Sharing PlanTrue Companies Employees Pro…$111MOtterbein University Tax Deferred Annuity and Defined Contribution Retirement PlanOtterbein University Tax Def…$111MByer California Retirement Savings PlanByer California Retirement S…$111MThe Oriental Bank Coda Profit Sharing PlanThe Oriental Bank Coda Profi…$110M
End-of-year total assets ($M) among True Companies Employees Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

Wyoming filing particulars

Total Assets (Beginning of Year)$167M
Net Assets (End of Year)$110M
Net Income-$57M
Employer EIN830171045
Plan Effective Date1956-12-31
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 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 Scatter plot of 6 data points. -20002004006008001000 050100150 Total assets ($M) Participants True Companies Employees Profit Sharing Plan, Total assets ($M): 111.002027 · Participants: 791True Companies Employees Profit Sharing PlanNorth Platte Physical Therapy Services, Inc. Profit Sharing Plan, Total assets ($M): 15.725145 · Participants: 125North Platte Physical Therapy Services, Inc. Profit Sharing PlanPro-Kote Engineering & Supply Profit Sharing Plan, Total assets ($M): 10.548343 · Participants: 8Pro-Kote Engineering & Supply Profit Sharing PlanPronghorn Construction Limited Keogh Plan, Total assets ($M): 9.632011 · Participants: 4Pronghorn Construction Limited Keogh PlanAlta Partners Profit Sharing Trust, Total assets ($M): 6.846362 · Participants: 9Alta Partners Profit Sharing TrustKeith P. Tyler Profit Sharing Plan, Total assets ($M): 6.471458 · Participants: 2Keith P. Tyler Profit Sharing Plan
True Companies Employees Profit Sharing Plan vs. nearby Profit Sharing plans in Wyoming, assets vs. participants
Compare True Companies Employees Profit Sharing Plan side-by-side with 3 peers →

True Companies Employees Profit Sharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Wyoming, the nearest Profit Sharing by assets is Otterbein University Tax Deferred Annuity and Defined Contribution Retirement Plan in OH ($111M); by covered participants it is Paul, Weiss, Rifkind, Wharton & Garrison LLP Defined Contribution Retirement Plan in NY (792 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (791 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 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).
Which Profit Sharing plans cover a similar participant headcount to True Companies Employees Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Paul, Weiss, Rifkind, Wharton & Garrison LLP Defined Contribution Retirement Plan in NY (792 participants, $33M 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.