Profit Sharing · DOL Form 5500 · 2024

True Drilling LLC Profit Sharing Plan

Data updated 2026-07-24

$139M
Total assets: 773
Participants: 93rd
Percentile by assets: $179,739
Avg per participant

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

$139M in assets, 773 participants

True Drilling LLC's True Companies Employees Profit Sharing Plan reported $139M in total assets and 773 participants in its 2024 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.

93rd percentile by assets (of 116,472 plans)

Coverage in Wyoming

True Companies Employees Profit Sharing Plan covers 773 participants in Wyoming, 7.9x the typical Wyoming plan (state average ~98 per filing). Assets: $139M.

$139M
total plan assets (2024 EOY): 773
covered participants: 93rd
percentile by assets (of 116,472 plans): $179,739
avg assets per participant

True Companies Employees Profit Sharing Plan reported net income fell from $17M in the plan year 2023 filing to $12M in the plan year 2024 filing.
True Companies Employees Profit Sharing Plan end-of-year assets rose from $127M in the plan year 2023 filing to $139M in the plan year 2024 filing.
True Companies Employees Profit Sharing Plan reported participants fell from 791 in the plan year 2023 filing to 773 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Wyoming

Industry

Mining & Oil Extraction

Participants vs Wyoming filers

In Wyoming, the average filing covers about 98 participants across 215 plans. True Companies Employees Profit Sharing Plan reports 773 participants - 7.9x that state average ($139M EOY assets).

Wyoming filing particulars

Total Assets (Beginning of Year)	$127M
Net Assets (End of Year)	$139M
Net Income	$12M
Employer EIN	830171045
Plan Effective Date	1956-12-31
Filing Status	FILING RECEIVED

Sponsor Plan History (True Drilling LLC)

Total plan assets by year, all True Drilling LLC plans on file

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

Ivinson Memorial Hospital Retirement Plan $58M · 628
North Platte Physical Therapy Services, Inc. Profit Sharing Plan $23M · 108
Pronghorn Construction Limited Keogh Plan $12M · 3
Hilltop National Bank Profit Sharing Plan $8M · 119
Keith P. Tyler Profit Sharing Plan $7M · 2

Compare True Companies Employees Profit Sharing … side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to True Companies Employees Profit Sharing Plan by total assets, not by location.

Munters Corporation 401(k) Plan (MA) $140M · 1,357
United Regional Health Care System Retirement Savings Plan (TX) $138M · 2,300
St. Louis-Kansas City Carpenters Regional Annuity (MO) $141M · 17,034
General Building Laborers' Local 66 Annuity Fund (NY) $141M · 2,415

Frequently Asked Questions

How did True Companies Employees Profit Sharing Plan assets move in 2024? ▼

True Companies Employees Profit Sharing Plan grew at a solid clip - up 9.6% during 2024, from $127M to $139M. 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 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 116,472 plans that reported assets for plan year 2024 (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 Munters Corporation 401(k) Plan in MA ($140M, 1,357 participants).

Next read for True Companies Employees Profit Sharing …

Filing takeaways

Ways to act on True Companies Employees Profit Sharing Plan's numbers.

By total assets, True Companies Employees Profit Sharing Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in Wyoming. Compare plans
True Drilling LLC's sponsor-wide assets have grown 29.6% since 2022 across 3 plan years on file. More Mining & Oil Extraction plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.