Ats Drilling Employees 401(K) Plan — Form 5500 plan (Ats Drilling, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Ats Drilling Employees 401(K) Plan is a benefit plan reported by Ats Drilling, Inc. under EIN 74-2974963 and plan number 001. The latest loaded filing year is 2023. The filing reports 79 participants and $3,775,237 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$3.8MPlan net assets, end of year$3,775,237
Participants79Covered participants reported
Assets / participant$47.8KComputed: assets ÷ participants$47,788 (computed)
Provider compensationNone reported
Plan sponsor
Ats Drilling, Inc.
EIN
74-2974963
Plan number
001
Plan type
2
Location
Pflugerville, TX
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202379I20240918154205NAL0004801249001
Schedule I · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$3.8M total assets
Net assets$3.8MLiabilities$0
Money in vs. money out
Total income / additions$1M
Total expenses$478.8K
Benefits paid / distributions$467.6K
Contributions
Employer$360K
Participant$152.3K
Full reported line items

Net assets

Total assets (EOY)
$3,775,237
Total liabilities (EOY)
$0
Net assets (EOY)
$3,775,237
Net assets (BOY)
$3,222,002

Income & contributions

Employer contributions
$360,000
Participant contributions
$152,281
Total income / additions
$1,032,011

Expenses & distributions

Benefits paid
$467,628
Administrative expenses
$11,148
Total expenses
$478,776
Net increase / (decrease)
$553,235
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 70%Participant 30%
Total expenses ÷ net assets13%Computed ratio
Benefits paid ÷ total income45%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages