Retirement plan

PETERS' DRILLING & PUMP SERVICE, INC. 401(K) PLAN

Name: PETERS' DRILLING & PUMP SERVICE, INC. - PETERS' DRILLING & PUMP SERVICE, INC. 401(K) PLAN (2022) Form 5500
Creator: PETERS' DRILLING & PUMP SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PETERS' DRILLING & PUMP SERVICE, INC. 401(K) PLAN, PETERS' DRILLING & PUMP SERVICE, INC.

PETERS' DRILLING & PUMP SERVICE, INC.EIN 68-0002296Plan #001PY 2022

1005 IDAHO-MARYLAND ROAD - GRASS VALLEY, CA 95945530-273-8136petersdrilling.comLinkedIn11-50 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.6M

-27.2% from 2021

Total participants

+15.6% from 2021

Average account balance

$49,098

-29.4% from 2021

Annual return

-13.74%

-28.80 pp from 2021

Benchmarks

See 17,347 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort17,347 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$2.61M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$93K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

103.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$176K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.95%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$5345

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2J2T3D

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$502K

$15209 / participant

Other / not subdivided$502K100.0%

% of EOY assets

30.977%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,098

$64,716-24.1%

$112,258-56.3%

$68,495-28.3%

Participation rate

87.9%

67.2%+20.7pp

75.1%+12.8pp

67.9%+20.0pp

Annual return

-13.74%

-11.40%-2.3pp

27.47%-41.2pp

-7.84%-5.9pp

Employer contribution / active EE

$2,866

$2,746+4.4%

$3,636-21.2%

$2,596+10.4%

Participant deferral / active EE

$3,251

$3,565-8.8%

$4,728-31.2%

$4,028-19.3%

Admin fee / account holder

$15,209

$5,232+190.7%

$6,411+137.2%

$5,403+181.5%

PETERS' DRILLING & PUMP SERVICE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PETERS' DRILLING & PUMP SERVICE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion