401(k) · DOL Form 5500 · 2024

Turbo Drill Industries, Inc. 401(k) Plan

Data updated 2026-08-25

$5M
Total assets Small plan by assets
291
Participants Below avg headcount
41st
Percentile by assets National rank
$16,253
Avg per participant Low balance/head
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Official DOL plan name: Turbo Drill Industries 401(k) Plan · Sponsored by Turbo Drill Industries, Inc. · Texas · Manufacturing

$5M in assets, 291 participants

Turbo Drill Industries, Inc.'s Turbo Drill Industries 401(k) Plan reported $5M in total assets and 291 participants in its 2024 DOL Form 5500 filing, ranking in the 41st 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.

  • #4,270 in Manufacturing (17,777 peers)

Coverage in Texas

Turbo Drill Industries 401(k) Plan covers 291 participants in Texas, about 42% of the average Texas filer (state average ~688 per filing). Assets: $5M.

#4,270
in Manufacturing (17,777 peers)
+35.8%
assets growth YoY

Turbo Drill Industries 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

Turbo Drill Industries 401(k) Plan vs every filed plan by assets

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

$4,729,583 41st percentile higher than 41% 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

Turbo Drill Industries 401(k) 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. Turbo Drill Industries 401(k) Plan sits mid-pack in the medium band (291 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Turbo Drill Industries 401(k) Plan reported net income fell from $2M in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • Turbo Drill Industries 401(k) Plan end-of-year assets rose from $3M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Turbo Drill Industries 401(k) Plan reported participants rose from 246 in the plan year 2023 filing to 291 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 371542579 · Turbo Drill Industries, Inc. PY 2024 · 401(k)

Turbo Drill Industries 401(k) Plan · $5M · 291 · 41st

  • 5500 $5M
  • ASSETS 291
  • PCT 41st
  • EIN 401(k)
  • RANK near Spectra Company Inc 401(k) Profit Sharing Plan & Trust
  • PHOTO ind #4270

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 Manufacturing retirement plans → · Plans in Texas →

Turbo Drill Industries 401(k) Plan in the asset neighbourhood

Turbo Drill Industries 401(k) PlanTurbo Drill Industries 401(k…$5MSpectra Company Inc 401(k) Profit Sharing Plan & TrustSpectra Company Inc 401(k) P…$5MBrown-Wilbert, Inc. Profit Sharing Plan and TrustBrown-Wilbert, Inc. Profit S…$5MAoc, Inc. 401(k) Profit Sharing PlanAoc, Inc. 401(k) Profit Shar…$5MLightforce Orthodontics Inc. 401(k) Profit Sharing Plan and TrustLightforce Orthodontics Inc.…$5M
End-of-year total assets ($M) among Turbo Drill Industries 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Texas filing particulars

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$5M
Net Income$1M
Employer EIN371542579
Plan Effective Date2021-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Turbo Drill Industries, Inc.)

Sponsor-wide plan assets over time

All Turbo Drill Industries, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$5M 245.69563676099216% vs 2022
2024 filing year
$0M$2M$4M$6M 202220232024 $1.37M $4.73M ▲ +245.3%
Year Plans Participants Total Assets
2022 1 184 $1M
2023 1 246 $3M
2024 1 291 $5M

Nearby 401(k) Plans in Texas

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Turbo Drill Industries 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Turbo Drill Industries 401(k) Plan, Total assets ($B): 0.004729583 · Participants: 291Turbo Drill Industries 401(k) PlanAT&T Retirement Savings Plan, Total assets ($B): 43.121795 · Participants: 109889AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 23.711 · Participants: 21990Exxonmobil Savings PlanChevron Employee Savings Investment Plan, Total assets ($B): 20.378704663 · Participants: 21505Chevron Employee Savings Investment PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 18.81200478 · Participants: 43873Caterpillar 401(k) Savings PlanSouthwest Airlines Co. Retirement Savings Plan, Total assets ($B): 16.991748637 · Participants: 67820Southwest Airlines Co. Retirement Savings Plan
Turbo Drill Industries 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants
Compare Turbo Drill Industries 401(k) Plan side-by-side with 3 peers →

Turbo Drill Industries 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Texas, the nearest 401(k) by assets is Spectra Company Inc 401(k) Profit Sharing Plan & Trust in CA ($5M); by covered participants it is Palo Verde Hematology Oncology 401(k) Profit Sharing Plan & Trust in AZ (291 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (291 participants); asset peers above are excluded.

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 Turbo Drill Industries 401(k) Plan assets move in 2024? ▼
Turbo Drill Industries 401(k) Plan surged - up 35.8% during 2024, from $3M to $5M. Reported net income was $1M.
How have Turbo Drill Industries, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Turbo Drill Industries, Inc.'s sponsor-wide assets grew 245.7%, from $1M to $5M.
Which 401(k) plans are similar in size to Turbo Drill Industries 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Spectra Company Inc 401(k) Profit Sharing Plan & Trust in CA ($5M, 143 participants).
Which 401(k) plans cover a similar participant headcount to Turbo Drill Industries 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Palo Verde Hematology Oncology 401(k) Profit Sharing Plan & Trust in AZ (291 participants, $16M 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 371542579.

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.