Plan Ledger DOL Form 5500 · updated monthly

Timberline Drilling, Inc.401(k)

TIMBERLINE DRILLING, INC. 401(K) PLAN · HAYDEN LAKE, ID · plan year 2024

Reported admin expense ratio · 2024
0.83%

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

Timberline Drilling, Inc. reported $68,468 in plan administrative expenses for 2024: 0.83% of average plan assets, above the peer median. Employer contributions averaged $913 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 rose from 0.24% to 0.83%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is among the smaller plans on file in Idaho (184th of 349), and 436th of 612 in mining, oil & gas extraction. In 2024, employees put in $4.93 for every $1.00 the employer contributed; active participation has shrunk from 289 to 258 since 2022.

Plan summary
Net assets, end of year$9,013,862
Participants with balances278
Active participants258
Employer contributions$235,556
Employee contributions$1,161,213
Employer contribution per active participant$913
Average account balance$32,424
Benefits paid to participants$860,099
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 278 accts · $236K emplr
2023$7.5M · 282 accts · $233K emplr
2022$5.9M · 290 accts · $220K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,468
Total administrative$68,468
The Timberline Drilling, Inc. 401(k) match · 2024
Employer contribution per active participant$913
Median for plans this size$1,313
2024$913 per active participant
2023$801 per active participant
2022$762 per active participant

Timberline Drilling, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$68,468
S B H U LIFE AGENCY INC · Other servicesindirect comp
WILSHIRE ASSOCIATES INCORPORATED · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024$68,468 · 0.83%
2023$31,916 · 0.47%
2022$14,498 · 0.24%
Same employer
Similar plansMining, Oil & Gas Extraction · Idaho
Deatley Company, Inc. ID$50.6M · 0.60%
Small Mine Development, LLC ID$46.4M · 0.37%
U.S. Silver-Idaho, Inc. ID$18.9M · 0.67%
Fdf Energy Services, LLC LA$9.3M · 0.75%
Latshaw Drilling Co., LLC OK$9.2M · 0.40%
Plaisted Companies, Inc. MN$9.1M · 0.29%
Nacg Texas, Inc. TX$9.1M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 820496451 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.