Drummond 401(k) match, vesting and fees
What Drummond's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Black & Pinckard (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 356 defined-contribution plans in mining, quarrying, and oil and gas extraction with 100 to 499 participants.
| Drummond: employer contribution per participant | $1,271 | |
| Peer median | $3,000 |
| Drummond: average balance | $78,437 | |
| Peer median | $70,698 |
| Drummond: admin expenses ÷ assets | 0.04% | |
| Peer median | 0.32% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $16.8M at the end of plan year 2021 to $18.3M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 264 | $18.3M | $296K | $1,271 | 0.04% | Not published | Form 5500 ↗ |
| 2023 | 254 | $16.9M | $371K | $1,604 | 0.04% | Not published | Form 5500 ↗ |
| 2022 | 256 | $14.8M | $373K | $1,533 | 0.04% | Not published | Form 5500 ↗ |
| 2021 | 259 | $16.8M | $377K | $1,524 | 0.03% | Not published | Form 5500 ↗ |
Other Drummond plans (3)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Drummond Company, Inc. Savings Plan for Salaried Employees
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Vanguard | Schedule C ↗ |
| Independent auditor | Black & Pinckard (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Drummond Company, Inc. Revised Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Black & Pinckard (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Uswa Drummond Company Pension Agreement
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Black & Pinckard (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Drummond match 401(k) contributions?
The match terms for the Drummond Company, Inc. Steelworkers 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $296K in employer contributions, about $1,271 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Drummond 401(k) match vested?
The vesting schedule for the Drummond Company, Inc. Steelworkers 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Drummond 401(k)?
The filing names Drummond Company, Inc. as plan administrator; it does not list a recordkeeper.
I left Drummond. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Drummond Company, Inc., (205) 945-6335). The Drummond old 401(k) page lists the contacts from every plan filing. Find an old Drummond 401(k)
Data from the public Form 5500 annual reports Drummond filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Drummond. Not financial advice. Report a correction · Methodology