BP Corporation North America Inc. 401(k) Review & Grade
BP Directsave Plan
Houston, TXManufacturing3,866 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$299Employer $ per active participant
$491Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$37.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.5 / 503th percentile for employer $ per participant
- Low cost19.2 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving0.1 / 151th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 77th |
| Employee saving | 1th |
| Peers that auto-enroll | 70% |
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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
- BP Corporation North America put in about $299 per active participant, below the typical peer ($3,452). 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.
- 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 | $1,157,500 |
| Participant (employee) contributions | $1,899,447 |
| Other contributions (incl. rollovers in) | $77,269 |
| Administrative expenses paid from the plan | $19,581 |
| Investment advisory & management fees | $2,456 |
| Benefits paid out | $4,596,542 |
| Net assets, start / end of year | $35.1M / $37.9M |
| Active participants, start / end of year | 3,342 / 4,390 |
| Participants with account balances | 1,012 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Fidelity Invmts. Inst. Operations | $17,125 reported compensation |
| Strategic Advisors, Inc | $2,456 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008152140NAL0003108947001, received 2025-10-08, EIN 36-1812780, plan #052, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.