True Drilling 401(k) match, vesting and fees
What True Drilling'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 | Epic Retirement Plan Services | Schedule C ↗ |
| Independent auditor | Eide Bailly LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2025 medians for 30 defined-contribution plans in mining, quarrying, and oil and gas extraction with 1,000 to 4,999 participants.
| True Drilling: employer contribution per participant | $1,469 | |
| Peer median | $4,641 |
| True Drilling: average balance | $74,201 | |
| Peer median | $185,916 |
| True Drilling: admin expenses ÷ assets | 0.03% | |
| Peer median | 0.06% |
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 $65.7M at the end of plan year 2021 to $81.5M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 1,144 | $81.5M | $1.6M | $1,469 | 0.03% | Not published | Form 5500 ↗ |
| 2024 | 1,150 | $72M | $1.5M | $1,402 | 0.05% | Not published | Form 5500 ↗ |
| 2023 | 1,154 | $63.3M | $1.5M | $1,356 | 0.04% | Not published | Form 5500 ↗ |
| 2022 | 1,133 | $51.7M | $1.3M | $1,219 | <0.01% | Not published | Form 5500 ↗ |
| 2021 | 856 | $65.7M | $909K | $1,191 | <0.01% | Not published | Form 5500 ↗ |
Other True Drilling plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
True Companies Employees Profit Sharing 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.
| Recordkeeper | Hilltop National Bank | Schedule C ↗ |
| Independent auditor | Eide Bailly LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
Common questions
Does True Drilling match 401(k) contributions?
The match terms for the True Companies Employees' 401(k) Savings Plan have not been published from its filing yet. The plan year 2025 filing reports $1.6M in employer contributions, about $1,469 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the True Drilling 401(k) match vested?
The vesting schedule for the True Companies Employees' 401(k) Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the True Drilling 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Epic Retirement Plan Services. The plan administrator is True Drilling LLC.
I left True Drilling. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (True Drilling LLC, (307) 237-9301) or the recordkeeper, Epic Retirement Plan Services. The True Drilling old 401(k) page lists the contacts from every plan filing. Find an old True Drilling 401(k)
Data from the public Form 5500 annual reports True Drilling filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) 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 True Drilling. Not financial advice. Report a correction · Methodology