Precision Drilling (US) 401(k) match, vesting and fees
What Precision Drilling (US)'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.
| Recordkeeper | Empower Annuity Insurance Company O | Schedule C ↗ |
| Independent auditor | Weaver and Tidwell, L.L.P. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 89 defined-contribution plans in mining, quarrying, and oil and gas extraction with 1,000 to 4,999 participants.
| Precision Drilling (US): employer contribution per participant | $3,618 | |
| Peer median | $4,558 |
| Precision Drilling (US): average balance | $75,495 | |
| Peer median | $124,843 |
| Precision Drilling (US): admin expenses ÷ assets | 0.21% | |
| Peer median | 0.07% |
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 $71.5M at the end of plan year 2021 to $86.1M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,640 | $86.1M | $4.1M | $3,618 | 0.21% | Not published | Form 5500 ↗ |
| 2023 | 1,856 | $75.6M | $4.1M | $3,453 | 0.20% | Not published | Form 5500 ↗ |
| 2022 | 2,087 | $62.5M | $3.5M | $3,028 | 0.18% | Not published | Form 5500 ↗ |
| 2021 | 1,473 | $71.5M | $1.5M | $1,405 | 0.16% | Not published | Form 5500 ↗ |
Common questions
Does Precision Drilling (US) match 401(k) contributions?
The match terms for the Precision Drilling (Us) Corporation 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $4.1M in employer contributions, about $3,618 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Precision Drilling (US) 401(k) match vested?
The vesting schedule for the Precision Drilling (Us) Corporation 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Precision Drilling (US) 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company O. The plan administrator is Precision Drilling (Us) Corporation.
I left Precision Drilling (US). How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Precision Drilling (Us) Corporation, (713) 435-6100) or the recordkeeper, Empower Annuity Insurance Company O. The Precision Drilling (US) old 401(k) page lists the contacts from every plan filing. Find an old Precision Drilling (US) 401(k)
Data from the public Form 5500 annual reports Precision Drilling (US) 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 Precision Drilling (US). Not financial advice. Report a correction · Methodology