Retirement plan

RUEN DRILLING, INC. 401(K) PLAN

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

RUEN DRILLING, INC.EIN 82-0369196Plan #001PY 2022

P.O. BOX 267 - CLARK FORK, ID 83811208-266-1151ruendrilling.comLinkedIn11-50 employeesrenewables & environment

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$13.4M

-8.8% from 2021

Total participants

159

-0.6% from 2021

Average account balance

$92,838

-6.9% from 2021

Annual return

-14.42%

-29.48 pp from 2021

Benchmarks

See 3,001 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,001 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.68M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

170

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.

87.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+13.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$41

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
DIGITAL RETIREMENT SOLUTIONS, INC.8+ years Service code 12 · EIN 84-1477138	Claims processing; Sub-transfer agenc...	$2,422
NEWPORT GROUP, INC.8+ years Filed as: MATRIX FINANCIAL SOLUTIONS, INC. Service code 18 · EIN 20-1591048	Custodial (other than securities); Sh...	$820

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$3K

$27 / participant

Contract admin$2K74.7%
Other / not subdivided$82025.3%

% of EOY assets

0.024%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRESNELL GAGE, PLLC
Auditor EIN: 201943775
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,838

$64,138+44.7%

$112,258-17.3%

$66,930+38.7%

Participation rate

87.7%

68.5%+19.2pp

75.1%+12.6pp

69.8%+17.9pp

Annual return

-14.42%

-13.81%-0.6pp

27.47%-41.9pp

1.57%-16.0pp

Employer contribution / active EE

$6,177

$3,006+105.5%

$3,636+69.9%

$2,545+142.7%

Participant deferral / active EE

$8,654

$3,694+134.3%

$4,728+83.0%

$4,238+104.2%

Admin fee / account holder

$23

$625-96.4%

$6,411-99.6%

$593-96.2%

Provider

Service type

Compensation

DIGITAL RETIREMENT SOLUTIONS, INC.8+ years

Service code 12 · EIN 84-1477138

Claims processing; Sub-transfer agenc...

$2,422

NEWPORT GROUP, INC.8+ years

Filed as: MATRIX FINANCIAL SOLUTIONS, INC.

Service code 18 · EIN 20-1591048

Custodial (other than securities); Sh...

$820

RUEN DRILLING, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RUEN DRILLING, 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