Profit Sharing · DOL Form 5500 · 2023

True Drilling LLC Profit Sharing Plan

Data updated 2026-08-25

$127M
Total assets Near avg plan size
791
Participants Near avg headcount
93rd
Percentile by assets National rank
$160,296
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

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

$127M in assets, 791 participants

True Drilling LLC's True Companies Employees Profit Sharing Plan reported $127M in total assets and 791 participants in its 2023 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.

  • #692 in Mining & Oil Extraction (811 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: $127M.

#692
in Mining & Oil Extraction (811 peers)
+14.2%
assets growth YoY
1.3×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$126,793,761 Top 7% higher than 93% 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 Profit Sharing 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 Profit Sharing Plan sits mid-pack in the medium band (791 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • True Companies Employees Profit Sharing Plan reported net income rose from -$57M in the plan year 2022 filing to $17M in the plan year 2023 filing.
  • True Companies Employees Profit Sharing Plan end-of-year assets rose from $111M in the plan year 2022 filing to $127M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 830171045 · True Drilling LLC PY 2023 · Profit Sharing

True Companies Employees Profit Sharing Plan · $127M · 791 · 93rd

  • EBSA $127M
  • PART 791
  • TYPE 93rd
  • NET Profit Sharing
  • BOOK near Pmta/Ila - Defined Contribution Pension Plan
  • VS-ST ind #692

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

Pmta/Ila - Defined Contribution Pension PlanPmta/Ila - Defined Contribut…$128MTrue Companies Employees Profit Sharing PlanTrue Companies Employees Pro…$127MTreasurers and Ticket Sellers Local 751 Annuity FundTreasurers and Ticket Seller…$125MThe Scoular Company Profit Sharing Retirement PlanThe Scoular Company Profit S…$125MUnited Regional Health Care System Retirement Savings PlanUnited Regional Health Care …$125M
End-of-year total assets ($M) among True Companies Employees Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Wyoming filing particulars

Total Assets (Beginning of Year)$111M
Net Assets (End of Year)$127M
Net Income$17M
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): 126.793761 · Participants: 791True Companies Employees Profit Sharing PlanIvinson Memorial Hospital Retirement Plan, Total assets ($M): 53.399055 · Participants: 581Ivinson Memorial Hospital Retirement PlanNorth Platte Physical Therapy Services, Inc. Profit Sharing Plan, Total assets ($M): 19.640632 · Participants: 115North Platte Physical Therapy Services, Inc. Profit Sharing PlanPro-Kote Engineering & Supply Profit Sharing Plan, Total assets ($M): 10.693375 · Participants: 7Pro-Kote Engineering & Supply Profit Sharing PlanPronghorn Construction Limited Keogh Plan, Total assets ($M): 10.457336 · Participants: 2Pronghorn Construction Limited Keogh PlanKeith P. Tyler Profit Sharing Plan, Total assets ($M): 7.63549 · 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 Pmta/Ila - Defined Contribution Pension Plan in PA ($128M); by covered participants it is Southern Mail Service, Inc. Retirement Plan in TX (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 2023. 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 2023? ▼
True Companies Employees Profit Sharing Plan grew at a solid clip - up 14.2% during 2023, from $111M to $127M. Reported net income was $17M.
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 127,072 plans that reported assets for plan year 2023 (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 Pmta/Ila - Defined Contribution Pension Plan in PA ($128M, 893 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 Southern Mail Service, Inc. Retirement Plan in TX (792 participants, $11M 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.