Cactus Drilling Company, LLC 401(k) Review & Grade
Cactus Drilling Company, LLC 401(k) Plan
Oklahoma City, OKMining, Oil & Gas1,542 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,461Employer $ per active participant
$5,428Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$122.9MNet plan assets, end of year
$78,508Average balance per account
Score breakdown
- Employer generosity18.4 / 5037th percentile for employer $ per participant
- Low cost21.8 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 87th |
| Employee saving | 33th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Cactus Drilling Company put in about $3,461 per active participant, below the typical peer ($4,357). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $5,335,356 |
| Participant (employee) contributions | $8,366,935 |
| Other contributions (incl. rollovers in) | $102,233 |
| Administrative expenses paid from the plan | $56,713 |
| Benefits paid out | $7,219,367 |
| Net assets, start / end of year | $102.8M / $122.9M |
| Active participants, start / end of year | 1,818 / 1,265 |
| Participants with account balances | 1,566 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hogantaylor LLP |
Largest service providers (Schedule C)
| Bokf NA | $56,713 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918100042NAL0001254225001, received 2025-09-18, EIN 27-0017663, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.