401(k) · DOL Form 5500 · 2023

True Drilling LLC 401(k) Plan

Data updated 2026-08-25

$63M
Total assets Below avg plan size
950
Participants Near avg headcount
88th
Percentile by assets National rank
$66,641
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

$63M in assets, 950 participants

True Drilling LLC's True Companies Employees' 401(k) Savings Plan reported $63M in total assets and 950 participants in its 2023 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.

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

Coverage in Wyoming

True Companies Employees' 401(k) Savings Plan covers 950 participants in Wyoming, 10x the typical Wyoming plan (state average ~94 per filing). Assets: $63M.

#619
in Mining & Oil Extraction (811 peers)
+22.2%
assets growth YoY
0.6×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$63,309,064 Top 12% higher than 88% 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

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

Plan-year 2023 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 (950 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • True Companies Employees' 401(k) Savings Plan reported net income rose from -$14M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • True Companies Employees' 401(k) Savings Plan reported participants rose from 701 in the plan year 2022 filing to 950 in the plan year 2023 filing.
  • True Companies Employees' 401(k) Savings Plan end-of-year assets rose from $52M in the plan year 2022 filing to $63M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 830171045 · True Drilling LLC PY 2023 · 401(k)

True Companies Employees' 401(k) Savings Plan · $63M · 950 · 88th

  • NET $63M
  • BOOK 950
  • VS-ST 88th
  • BOY 401(k)
  • SCH near New Era Cap, LLC Savings & Retirement Plan for Management and Administrative Employees
  • EBSA ind #619

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

Comagine Health Retirement Savings PlanComagine Health Retirement S…$63MPyxus International, Inc. Savings and Profit Sharing PlanPyxus International, Inc. Sa…$63MInterwest Insurance Services, LLC 401(k) Profit Sharing PlanInterwest Insurance Services…$63MTrue Companies Employees' 401(k) Savings PlanTrue Companies Employees' 40…$63MNew Era Cap, LLC Savings & Retirement Plan for Management and Administrative EmployeesNew Era Cap, LLC Savings & R…$63M
End-of-year total assets ($M) among True Companies Employees' 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Wyoming filing particulars

Total Assets (Beginning of Year)$52M
Net Assets (End of Year)$63M
Net Income$12M
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 050100150200 Total assets ($M) Participants True Companies Employees' 401(k) Savings Plan, Total assets ($M): 63.309064 · Participants: 950True Companies Employees' 401(k) Savings PlanAdmiral Beverage Corporation 401(k) Plan, Total assets ($M): 156.224282 · Participants: 1354Admiral Beverage Corporation 401(k) PlanWyoming Machinery Company Profit Sharing 401(k) Plan, Total assets ($M): 136.372631 · Participants: 728Wyoming Machinery Company Profit Sharing 401(k) PlanTrihydro Corporation 401(k) Plan, Total assets ($M): 102.846284 · Participants: 539Trihydro Corporation 401(k) PlanNeiman Enterprises, Inc. 401(k) Profit Sharing Plan & Trust, Total assets ($M): 43.885561 · Participants: 493Neiman Enterprises, Inc. 401(k) Profit Sharing Plan & TrustWyoming Beverages, Inc. 401(k) Plan, Total assets ($M): 38.657949 · Participants: 305Wyoming 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 New Era Cap, LLC Savings & Retirement Plan for Management and Administrative Employees in NY ($63M); by covered participants it is Roy Jorgensen Associates, Inc. Retirement Plan in MD (950 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (950 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 True Companies Employees' 401(k) Savings Plan assets move in 2023? ▼
True Companies Employees' 401(k) Savings Plan grew sharply - up 22.2% during 2023, from $52M to $63M. Reported net income was $12M.
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 127,072 plans that reported assets for plan year 2023 (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 New Era Cap, LLC Savings & Retirement Plan for Management and Administrative Employees in NY ($63M, 460 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 Roy Jorgensen Associates, Inc. Retirement Plan in MD (950 participants, $32M 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 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.