Plan Ledger DOL Form 5500 · updated monthly

Hall Drilling, LLC401(k)

HALL DRILLING, LLC 401(K) RETIREMENT PLAN · ELLENBORO, WV · plan year 2024

Reported admin expense ratio · 2024
0.60%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Hall Drilling, LLC reported $60,957 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,573 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.75% to 0.60%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is among the smaller plans on file in West Virginia (134th of 265), and 404th of 612 in mining, oil & gas extraction. In 2024, employees put in $1.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,966,054
Participants with balances328
Active participants324
Employer contributions$833,543
Employee contributions$1,023,416
Employer contribution per active participant$2,573
Average account balance$33,433
Benefits paid to participants$1,205,860
Plan auditUnmodified (clean) audit opinion
AuditorSCHNEIDER DOWNS & CO.,INC
Plan history3
Yearassets · accounts · employer contribution
2024$11.0M · 328 accts · $834K emplr
2023$9.2M · 336 accts · $831K emplr
2022$6.9M · 345 accts · $759K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,450
Investment management$22,507
Total administrative$60,957
The Hall Drilling, LLC 401(k) match · 2024
Employer contribution per active participant$2,573
Median for plans this size$2,416
2024$2,573 per active participant
2023$2,534 per active participant
2022$2,271 per active participant

Hall Drilling, LLC's 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
ALLIANCE PENSION CONSULTANTS, LLC · Recordkeeping · Consulting$38,450
CBIZ INVESTMENT ADVISORY SERVICES · Investment advisory (plan)$13,318
CBIZ BENEFITS AND INSURANCE SERVICE · Investment advisory (plan)$9,190
CHARLES SCHWAB TRUST BANK · Custodial (securities)indirect comp
CHARLES SCHWAB & CO., INC. · Custodialindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ALLIANCE PENSION CONSULTANTS, LLC
2023ALLIANCE PENSION CONSULTANTS, LLC

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Administrative cost history3
2024$60,957 · 0.60%
2023$60,448 · 0.75%
2022$52,397 · 0.75%
Same employer
Similar plansMining, Oil & Gas Extraction · West Virginia
Richwood Industries, Inc. WV$18.5M · 0.39%
Xmv, Inc. WV$15.3M · 0.55%
Extra Energy, Inc. WV$14.4M · 0.14%
Century Mining, LLC WV$12.3M · 1.36%
The Baughan Group WV$5.8M · 0.78%
Xinergy Corp. WV$4.7M · 1.72%
Cenergy, LLC WV$4.3M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204722143 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.