Buckeye Pipe Line Services Company 401(k) Review & Grade
Buckeye Pipe Line Services Company Retirement and Savings Plan
Houston, TXTransportation & Warehousing1,786 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$13,335Employer $ per active participant
$12,655Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$630.7MNet plan assets, end of year
$280,298Average balance per account
Score breakdown
- Employer generosity49.9 / 50100th percentile for employer $ per participant
- Low cost20.1 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving14.8 / 1598th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 80th |
| Employee saving | 98th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($906,003 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $53,045 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Buckeye Pipe Line Services put in about $13,335 per active participant, more than the typical peer ($1,070). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $23,815,643 |
| Participant (employee) contributions | $22,601,556 |
| Other contributions (incl. rollovers in) | $4,980,684 |
| Administrative expenses paid from the plan | $445,633 |
| Investment advisory & management fees | $396,777 |
| Benefits paid out | $58,647,858 |
| Net assets, start / end of year | $552.5M / $630.7M |
| Active participants, start / end of year | 1,818 / 1,754 |
| Participants with account balances | 2,250 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $396,777 reported compensation |
| Fidelity Investments Institutional | $49,639 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010094159NAL0004117683001, received 2025-10-10, EIN 23-2873501, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.