Plan Ledger DOL Form 5500 · updated monthly

Ulterra Drilling Technologies, L.P.401(k)

ULTERRA 401(K) SAVINGS PLAN · FORT WORTH, TX · plan year 2023

Reported admin expense ratio · 2023
0.23%

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

Ulterra Drilling Technologies, L.P. reported $60,839 in plan administrative expenses for 2023: 0.23% of average plan assets, below the peer median. Employer contributions averaged $3,026 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 1 year on file its reported administrative ratio rose from 0.08% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,539th-largest of 5,688 plans among Texas employers on file, and the 4,476th of 13,661 in manufacturing. In 2023, employees put in $2.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,129,563
Participants with balances470
Active participants371
Employer contributions$1,122,718
Employee contributions$3,180,602
Employer contribution per active participant$3,026
Average account balance$64,105
Benefits paid to participants$1,641,037
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $1.3M emplr
2023$30.1M · 470 accts · $1.1M emplr
2022$22.7M · 468 accts · $1.3M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$55,814
Investment management$5,025
Total administrative$60,839
The Ulterra Drilling Technologies, L.P. 401(k) match · 2023
Employer contribution per active participant$3,026
Median for plans this size$2,440
2023$3,026 per active participant
2022$3,404 per active participant

Ulterra Drilling Technologies, L.P.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$55,814
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$5,025

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

Administrative cost history3
2024Not separately reported
2023$60,839 · 0.23%
2022$20,550 · 0.08%
Same employer
Similar plansManufacturing · Texas
Pabst Brewing Company TX$30.7M · 0.21%
Cloeren Incorporated TX$30.6M · 0.37%
Cti Foods Holding Co., LLC TX$30.5M · 0.28%
Blackbeard Operating, LLC TX$29.4M · 0.39%
Nefab Packaging, Inc. TX$29.0M · 0.66%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 751503097 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.