Amerigas Propane, Inc. 401(k) Review & Grade
Amerigas Propane, Inc. Savings Plan
King of Prussia, PARetail Trade4,772 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,315Employer $ per active participant
$4,300Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$481.8MNet plan assets, end of year
$64,573Average balance per account
Score breakdown
- Employer generosity45.6 / 5091th percentile for employer $ per participant
- Low cost14.1 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 56th |
| Employee saving | 82th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Corrective distributions: the plan refunded $19,597 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Amerigas Propane put in about $2,315 per active participant, more than the typical peer ($650). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- 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 | $11,047,054 |
| Participant (employee) contributions | $20,523,815 |
| Other contributions (incl. rollovers in) | $1,180,435 |
| Administrative expenses paid from the plan | $487,050 |
| Other admin expenses | $487,050 |
| Benefits paid out | $75,371,727 |
| Net assets, start / end of year | $458.8M / $481.8M |
| Active participants, start / end of year | 5,004 / 4,541 |
| Participants with account balances | 7,461 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wipfli LLP |
| Employer stock held by plan | $9,663,019 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $345,051 reported compensation |
| Strategic Advisors, Inc. | $104,426 reported compensation |
| Willis Towers Watson | $27,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250630080201NAL0011591809001, received 2025-06-30, EIN 23-2786294, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.