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DRILLING CONTRACT SERVICES 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameDRILLING CONTRACT SERVICES 401(K) RETIREMENT PLAN
Plan identification number 001

DRILLING CONTRACT SERVICES 401(K) RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

DRILLING CONTRACT SERVICES has sponsored the creation of one or more 401k plans.

Company Name:DRILLING CONTRACT SERVICES
Employer identification number (EIN):631011634
NAIC Classification:238900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DRILLING CONTRACT SERVICES 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01LISA MOJICA2024-10-02
0012022-01-01LISA MOJICA2023-04-24
0012021-01-01LISA MOJICA2022-09-26 LISA MOJICA2022-09-26
0012020-01-01LISA MOJICA2021-04-28
0012018-01-01MICHAEL PATTERSON2019-03-06 LISA MOJICA2019-03-06
0012017-01-01LISA MOJICA2018-05-14 LISA MOJICA2018-05-14
0012016-01-01MICHAEL PATTERSON2017-07-18 MICHAEL PATTERSON2017-07-18
0012015-01-01MICHAEL PATTERSON2016-04-20 MICHAEL PATTERSON2016-04-20
0012014-01-01LISA MOJICA2015-07-27 LISA MOJICA2015-07-27
0012013-01-01MICHAEL PATTERSON2014-02-27 MICHAEL PATTERSON2014-02-27
0012012-01-01MICHAEL PATTERSON2013-03-12 MICHAEL PATTERSON2013-03-12
0012011-01-01MICHAEL PATTERSON2012-01-20 MICHAEL PATTERSON2012-01-20
0012010-01-01MICHAEL PATTERSON2011-02-07 MICHAEL PATTERSON2011-02-07

Plan Statistics for DRILLING CONTRACT SERVICES 401(K) RETIREMENT PLAN

401k plan membership statisitcs for DRILLING CONTRACT SERVICES 401(K) RETIREMENT PLAN

Measure Date Value
2025: DRILLING CONTRACT SERVICES 401(K) RETIREMENT PLAN 2025 401k membership
Total number of particpants at beginning of year2025-10-0130
Total number of particpants at end of year2025-10-0136
Number of Participants With Account Balances2025-10-0133
2024: DRILLING CONTRACT SERVICES 401(K) RETIREMENT PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-0233
Total number of particpants at end of year2024-10-0230
Number of Participants With Account Balances2024-10-0227

Financial Data on DRILLING CONTRACT SERVICES 401(K) RETIREMENT PLAN

Measure Date Value
2025 : DRILLING CONTRACT SERVICES 401(K) RETIREMENT PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-10-010
Total expenses incurred by plan in this plan year2025-10-0117355
Net assets as of the end of the plan year2025-10-011021604
Total assets as of the beginning of the plan year2025-10-01847163
Value of plan covered by a fidelity bond2025-10-01150000
Participant contributions to plan in this plan year2025-10-0142994
Value of participant loans at end of plan year2025-10-0115855
Other contributions to plan in this plan year2025-10-016592
Other income to plan in this plan year2025-10-01105020
Plan net income in this plan year2025-10-01174441
Net assets as of the end of the plan year2025-10-011021604
Net assets as of the beginning of the plan year2025-10-01847163
Employer contributions to plan in this plan year2025-10-0137190
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-01450
2024 : DRILLING CONTRACT SERVICES 401(K) RETIREMENT PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-020
Total liabilities as of the end of the plan year2024-10-020
Total liabilities as of the beginning of the plan year2024-10-020
Total expenses incurred by plan in this plan year2024-10-0224738
Net assets as of the end of the plan year2024-10-02847163
Total assets as of the beginning of the plan year2024-10-02704860
Value of plan covered by a fidelity bond2024-10-0225000
Participant contributions to plan in this plan year2024-10-0236538
Value of participant loans at end of plan year2024-10-0213031
Other expenses paid from plan in this plan year2024-10-020
Other contributions to plan in this plan year2024-10-020
Other income to plan in this plan year2024-10-02103218
Plan net income in this plan year2024-10-02142303
Net assets as of the end of the plan year2024-10-02847163
Net assets as of the beginning of the plan year2024-10-02704860
Employer contributions to plan in this plan year2024-10-0227285
Fees paid to broker by Benefit Provider2024-10-022094
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-022412

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