401(k) · DOL Form 5500 · 2024

True Drilling LLC 401(k) Plan

Data updated 2026-08-25

$72M
Total assets Below avg plan size
965
Participants Near avg headcount
88th
Percentile by assets National rank
$74,644
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

$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.

  • #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.

#604
in Mining & Oil Extraction (785 peers)
+13.8%
assets growth YoY
0.7×
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 2024 · DOL Form 5500

$72,031,245 Top 12% higher than 88% of 123,620 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 2024

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

Plan-year 2024 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 (965 participants).

What changed between DOL Form 5500 filings

plan year 2023 → 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 →

EBSA filing schedule strip

Filing strip 830171045 · True Drilling LLC PY 2024 · 401(k)

True Companies Employees' 401(k) Savings Plan · $72M · 965 · 88th

  • PHOTO $72M
  • PHOTO 965
  • PHOTO 88th
  • PHOTO 401(k)
  • PHOTO near Liggett Vector Brands Savings Plan
  • PHOTO ind #604

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

Epic Staffing Group, Inc. 401(k) PlanEpic Staffing Group, Inc. 40…$72MTrue Companies Employees' 401(k) Savings PlanTrue Companies Employees' 40…$72MLiggett Vector Brands Savings PlanLiggett Vector Brands Saving…$72MPacific Southwest Container, LLC 401(k) PlanPacific Southwest Container,…$72MLewis Management Corp. 401(k) PlanLewis Management Corp. 401(k…$72M
End-of-year total assets ($M) among True Companies Employees' 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Wyoming filing particulars

Total Assets (Beginning of Year)$63M
Net Assets (End of Year)$72M
Net Income$9M
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. 0500100015002000 050100150200 Total assets ($M) Participants True Companies Employees' 401(k) Savings Plan, Total assets ($M): 72.031245 · Participants: 965True Companies Employees' 401(k) Savings PlanAdmiral Beverage Corporation 401(k) Plan, Total assets ($M): 168.555174 · Participants: 1570Admiral Beverage Corporation 401(k) PlanWyoming Machinery Company Profit Sharing 401(k) Plan, Total assets ($M): 144.128487 · Participants: 741Wyoming Machinery Company Profit Sharing 401(k) PlanTrihydro Corporation 401(k) Plan, Total assets ($M): 114.600552 · Participants: 599Trihydro Corporation 401(k) PlanNeiman Enterprises, Inc. 401(k) Profit Sharing Plan & Trust, Total assets ($M): 47.753327 · Participants: 452Neiman Enterprises, Inc. 401(k) Profit Sharing Plan & TrustWyoming Beverages, Inc. 401(k) Plan, Total assets ($M): 42.744405 · Participants: 347Wyoming 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 Liggett Vector Brands Savings Plan in NC ($72M); by covered participants it is Univest Financial Corporation Deferred Salary Savings Plan in PA (965 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($72M here).

DOL Form 5500 plan year 2024. 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 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).
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 Univest Financial Corporation Deferred Salary Savings Plan in PA (965 participants, $121M in assets).

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.