401(k) · DOL Form 5500 · 2023

M & G Drilling Company, Inc. 401(k) Plan

Data updated 2026-08-25

$16M
Total assets Small plan by assets
2
Participants Small participant base
69th
Percentile by assets National rank
$8.2M
Avg per participant High balance/head
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Official DOL plan name: M & G Drilling Company, Inc. 401(k) Profit Sharing Plan · Sponsored by M & G Drilling Company, Inc. · California · Mining & Oil Extraction

$16M in assets, 2 participants

M & G Drilling Company, Inc.'s M & G Drilling Company, Inc. 401(k) Profit Sharing Plan reported $16M in total assets and 2 participants in its 2023 DOL Form 5500 filing, ranking in the 69th 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.

  • #400 in Mining & Oil Extraction (811 peers)

Mining & Oil Extraction sector rank

Within Mining & Oil Extraction, M & G Drilling Company, Inc. 401(k) Profit Sharing Plan ranks #400 of 811 2023 filers by assets (754% of the sector average)-$16M for 2 participants.

#400
in Mining & Oil Extraction (811 peers)
+15.9%
assets growth YoY

M & G Drilling Company, Inc. 401(k) Profit Sharing Plan's outsized position by total assets

M & G Drilling Company, Inc. 401(k) Profit Sharing Plan vs every filed plan by assets

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

$16,306,905 Top 31% higher than 69% 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

M & G Drilling Company, Inc. 401(k) Profit Sharing Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. M & G Drilling Company, Inc. 401(k) Profit Sharing Plan is a micro filing (2 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • M & G Drilling Company, Inc. 401(k) Profit Sharing Plan reported net income rose from -$3M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • M & G Drilling Company, Inc. 401(k) Profit Sharing Plan end-of-year assets rose from $14M in the plan year 2022 filing to $16M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 330451953 · M & G Drilling Company, Inc. PY 2023 · 401(k)

M & G Drilling Company, Inc. 401(k) Profit Sharing Plan · $16M · 2 · 69th

  • SCH $16M
  • SCH 2
  • SCH 69th
  • SCH 401(k)
  • SCH near Mcaneny Brothers, Inc 401(k) Plan
  • SCH ind #400

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 California →

M & G Drilling Company, Inc. 401(k) Profit Sharing Plan in the asset neighbourhood

M & G Drilling Company, Inc. 401(k) Profit Sharing PlanM & G Drilling Company, Inc.…$16MMcaneny Brothers, Inc 401(k) PlanMcaneny Brothers, Inc 401(k)…$16MLogic Technology, Inc. 401(k) PlanLogic Technology, Inc. 401(k…$16MThe Lovesac Company 401(k) PlanThe Lovesac Company 401(k) P…$16MNtt Data Europe & Latam, Branch in USA, Inc. 401(k) Retirement PlanNtt Data Europe & Latam, Bra…$16M
End-of-year total assets ($M) among M & G Drilling Company, Inc. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Mining & Oil Extraction filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$16M
Net Income$2M
Employer EIN330451953
Plan Effective Date1997-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (M & G Drilling Company, Inc.)

Sponsor-wide plan assets over time

All M & G Drilling Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$18M 30.08344235605625% vs 2022
2024 filing year
$12M$14M$16M$18M$20M 202220232024 $14.1M $18.3M ▲ +30.1%
Year Plans Participants Total Assets
2022 1 2 $14M
2023 1 2 $16M
2024 1 2 $18M

Nearby 401(k) Plans in California

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

M & G Drilling Company, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants M & G Drilling Company, Inc. 401(k) Profit Sharing Plan, Total assets ($B): 0.016306905 · Participants: 2M & G Drilling Company, Inc. 401(k) Profit Sharing PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 401(k) Plan
M & G Drilling Company, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare M & G Drilling Company, Inc. 401(k) Profit Sharing Plan side-by-side with 3 peers →

M & G Drilling Company, Inc. 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Mcaneny Brothers, Inc 401(k) Plan in PA ($16M); by covered participants it is Napa Bound Retirement Plan in FL (2 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2 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 M & G Drilling Company, Inc. 401(k) Profit Sharing Plan assets move in 2023? ▼
M & G Drilling Company, Inc. 401(k) Profit Sharing Plan grew sharply - up 15.9% during 2023, from $14M to $16M. Reported net income was $2M.
How have M & G Drilling Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), M & G Drilling Company, Inc.'s sponsor-wide assets grew 30.1%, from $14M to $18M.
Which 401(k) plans are similar in size to M & G Drilling Company, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Mcaneny Brothers, Inc 401(k) Plan in PA ($16M, 397 participants).
Which 401(k) plans cover a similar participant headcount to M & G Drilling Company, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Napa Bound Retirement Plan in FL (2 participants, N/A 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 330451953.

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.