Cascade Drilling LP, and Its Subsidiaries 401(k) Review & Grade
Cascade Drilling LP and Its Subsidiaries 401(k) Retirement Plan and Trust
Bothell, WAConstruction773 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$981Employer $ per active participant
$6,339Employee $ saved per active participant
0.55%Direct admin cost, % of plan assets
$50.8MNet plan assets, end of year
$50,907Average balance per account
Score breakdown
- Employer generosity15.6 / 5031th percentile for employer $ per participant
- Low cost5.0 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 20th |
| Employee saving | 78th |
| Peers that auto-enroll | 44% |
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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
- Cascade Drilling LP, and Its Subsidiaries put in about $981 per active participant, below the typical peer ($1,672). 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.
- Direct plan expenses (0.55% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $758,645 |
| Participant (employee) contributions | $4,900,075 |
| Other contributions (incl. rollovers in) | $721,751 |
| Administrative expenses paid from the plan | $257,719 |
| Investment advisory & management fees | $54,376 |
| Benefits paid out | $4,288,639 |
| Net assets, start / end of year | $42.6M / $50.8M |
| Active participants, start / end of year | 755 / 791 |
| Participants with account balances | 997 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $203,343 reported compensation |
| Sageview Advisory Group, LLC | $54,376 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731180439NAL0007469104001, received 2025-07-31, EIN 27-0642404, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.