Independence Contract Drilling 401(k) Plan: Login, Facts & Contact Information
Independence Contract Drilling 401(k) Login
191 former Independence Contract Drilling employees still have money in this plan.
Retirement plan providers can change. This information is from the plan's 2024 filing.
Independence Contract Drilling 401(k) Plan Facts
Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 15, 2025. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2024
- $3.02 million went into the plan in contributions, $1.39 million of it from the employer (46%).
- $4.30 million was paid out to participants.
- Investment and other income added $2.55 million.
- Administrative expenses were $25,726, about $55 per account.
How the Independence Contract Drilling 401(k) changed, 2019–2024
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2019 | 604 | $28.1 million | $2.24 million | $5.56 million |
| 2020 | 911 | $20.6 million | $591,632 | $12.3 million |
| 2021 | 563 | $19.4 million | $0 | $4.68 million |
| 2022 | 793 | $17.1 million | $1.44 million | $2.08 million |
| 2023 | 768 | $20.0 million | $1.53 million | $3.71 million |
| 2024 | 673 | $21.2 million | $1.39 million | $4.30 million |
Independence Contract Drilling 401(k) Contact Information
Questions about the Independence Contract Drilling 401(k)
Does Independence Contract Drilling contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.39 million, 46% of all contributions.
Does the Independence Contract Drilling 401(k) have automatic enrollment?
Yes. The plan reports automatic enrollment of eligible employees.
How many people are in the Independence Contract Drilling 401(k) plan?
673 participants at the start of plan year 2024, 332 of them active employees, and 191 former employees who still had money in the plan.
What is the average 401(k) balance at Independence Contract Drilling?
About $45,024 per account: $21.2 million in plan assets across 471 accounts with a balance at the end of plan year 2024.
Who manages the Independence Contract Drilling 401(k) accounts?
Schwab Retirement Plan Services (listed on the filing as CHARLES SCHWAB & CO. INC AND AFFIL) is the plan's recordkeeper, which is where participants log in to see their balance.
I no longer work at Independence Contract Drilling. How do I access my 401(k)?
Your account stays with Schwab Retirement Plan Services after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.