ESOP · DOL Form 5500 · 2023

Preferred Drilling Solutions, Inc. ESOP

Data updated 2026-08-25

$3M
Total assets Small plan by assets
59
Participants Small participant base
38th
Percentile by assets National rank
$57,934
Avg per participant Low balance/head
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Official DOL plan name: Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan · Sponsored by Preferred Drilling Solutions, Inc. · Florida · Construction

$3M in assets, 59 participants

Preferred Drilling Solutions, Inc.'s Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan reported $3M in total assets and 59 participants in its 2023 DOL Form 5500 filing, ranking in the 38th 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.

  • #3,222 in Construction (9,030 peers)

What the 2023 filing shows

Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan holds $3M for 59 participants - about $57,934 per participant, in the lower half of filed plans by assets.

#3,222
in Construction (9,030 peers)
+5.7%
assets growth YoY

Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Construction and all filers

Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$3,418,127 38th percentile higher than 38% of 127,068 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 2023

Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan is a small filing (59 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan reported net income rose from $32K in the plan year 2022 filing to $226K in the plan year 2023 filing.
  • Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan reported participants fell from 64 in the plan year 2022 filing to 59 in the plan year 2023 filing.
  • Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan end-of-year assets rose from $3M in the plan year 2022 filing to $3M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 593757298 · Preferred Drilling Solutions, Inc. PY 2023 · ESOP

Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan · $3M · 59 · 38th

  • EIN $3M
  • RANK 59
  • PHOTO 38th
  • IND ESOP
  • EOY near Ranco Fertiservice, Inc. Employee Stock Ownership Plan
  • 5500 ind #3222

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 What is an ESOP? → · Plans in Florida →

Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Preferred Drilling Solutions, Inc. Employee Stock Ownership PlanPreferred Drilling Solutions…$3MRanco Fertiservice, Inc. Employee Stock Ownership PlanRanco Fertiservice, Inc. Emp…$3MBrp Manufacturing Company Employee Stock Ownership PlanBrp Manufacturing Company Em…$3MRhinebeck Bank Employee Stock Ownership PlanRhinebeck Bank Employee Stoc…$3MNmr Group Employee Stock Ownership PlanNmr Group Employee Stock Own…$3M
End-of-year total assets ($M) among Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$3M
Net Income$226K
Employer EIN593757298
Plan Effective Date2008-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Preferred Drilling Solutions, Inc.)

Sponsor-wide plan assets over time

All Preferred Drilling Solutions, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
N/A
2024 filing year
$0M$1M$2M$3M$4M 202220232024 $3.23M $0M ▼ -100.0%
Year Plans Participants Total Assets
2022 1 64 $3M
2023 1 59 $3M
2024 1 47 N/A

Nearby ESOP Plans in Florida

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

Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Florida, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -5051015 Total assets ($B) Participants Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.003418127 · Participants: 59Preferred Drilling Solutions, Inc. Employee Stock Ownership PlanPublix Super Markets, Inc. Employee Stock Ownership Plan & Trust, Total assets ($B): 11.810430673 · Participants: 141229Publix Super Markets, Inc. Employee Stock Ownership Plan & TrustRaymond James Financial, Inc. & Affiliates Employee Stock Ownership Plan, Total assets ($B): 0.836004639 · Participants: 15500Raymond James Financial, Inc. & Affiliates Employee Stock Ownership PlanRsr Employee Stock Ownership Plan, Total assets ($B): 0.390019755 · Participants: 382Rsr Employee Stock Ownership PlanSummit Companies Holdings, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.367604547 · Participants: 233Summit Companies Holdings, Inc. Employee Stock Ownership PlanThirty Fifteen Employee Stock Ownership Plan, Total assets ($B): 0.324400117 · Participants: 5365Thirty Fifteen Employee Stock Ownership Plan
Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Florida, assets vs. participants
Compare Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Florida, the nearest ESOP by assets is Ranco Fertiservice, Inc. Employee Stock Ownership Plan in IA ($3M); by covered participants it is Generations Bank Employee Stock Ownership Plan in NY (59 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (59 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan grew at a solid clip - up 5.7% during 2023, from $3M to $3M. Reported net income was $226K.
Which ESOP plans are similar in size to Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Ranco Fertiservice, Inc. Employee Stock Ownership Plan in IA ($3M, 62 participants).
Which ESOP plans cover a similar participant headcount to Preferred Drilling Solutions, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Generations Bank Employee Stock Ownership Plan in NY (59 participants, $1M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 593757298.

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.