401(k) · DOL Form 5500 · 2024

True Drilling LLC 401(k) Plan

Data updated 2026-08-11

$72M
Total assets: 965
Participants: 88th
Percentile by assets: $74,644
Avg per participant

Official DOL plan name: True Companies Employees' 401(k) Savings Plan · Sponsored by True Drilling LLC · Wyoming · Mining & Oil Extraction

$72M in assets, 965 participants

True Drilling LLC's True Companies Employees' 401(k) Savings Plan reported $72M in total assets and 965 participants in its 2024 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.

88th percentile by assets (of 123,622 plans)
#604 in Mining & Oil Extraction (785 peers)

Coverage in Wyoming

True Companies Employees' 401(k) Savings Plan covers 965 participants in Wyoming, 10x the typical Wyoming plan (state average ~94 per filing). Assets: $72M.

$72M
total plan assets (2024 EOY): 965
covered participants: 88th
percentile by assets (of 123,622 plans): $74,644
avg assets per participant

Where True Companies Employees' 401(k) Savings Plan sits by total assets

True Companies Employees' 401(k) Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$72,031,245 Top 12% higher than 88% of 123,620 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

True Companies Employees' 401(k) Savings Plan reported net income fell from $12M in the plan year 2023 filing to $9M in the plan year 2024 filing.
True Companies Employees' 401(k) Savings Plan end-of-year assets rose from $63M in the plan year 2023 filing to $72M in the plan year 2024 filing.
True Companies Employees' 401(k) Savings Plan reported participants rose from 950 in the plan year 2023 filing to 965 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 94 participants across 233 plans. True Companies Employees' 401(k) Savings Plan reports 965 participants - 10x that state average ($72M EOY assets).

Wyoming filing particulars

Total Assets (Beginning of Year)	$63M
Net Assets (End of Year)	$72M
Net Income	$9M
Employer EIN	830171045
Plan Effective Date	1988-04-01
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 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

Admiral Beverage Corporation 401(k) Plan $169M · 1,570
Wyoming Machinery Company Profit Sharing 401(k) Plan $144M · 741
Trihydro Corporation 401(k) Plan $115M · 599
Neiman Enterprises, Inc. 401(k) Profit Sharing Plan & Trust $48M · 452
Wyoming Beverages, Inc. 401(k) Plan $43M · 347

Compare True Companies Employees' 401(k) Savings… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to True Companies Employees' 401(k) Savings Plan by total assets, not by location.

Liggett Vector Brands Savings Plan (NC) $72M · 337
Pacific Southwest Container, LLC 401(k) Plan (CA) $72M · 991
Lewis Management Corp. 401(k) Plan (CA) $72M · 582
Epic Staffing Group, Inc. 401(k) Plan (CA) $72M · 3,702

Frequently Asked Questions

How did True Companies Employees' 401(k) Savings Plan assets move in 2024? ▼

True Companies Employees' 401(k) Savings Plan grew at a solid clip - up 13.8% during 2024, from $63M to $72M. Reported net income was $9M.

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 123,622 plans that reported assets for plan year 2024 (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 Liggett Vector Brands Savings Plan in NC ($72M, 337 participants).

Next read for True Companies Employees' 401(k) Savings…

Filing takeaways

Ways to act on True Companies Employees' 401(k) Savings Plan's numbers.

By total assets, True Companies Employees' 401(k) Savings Plan ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) 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.