Citgo Petroleum Corporation 401(k) Review & Grade
Citgo Petroleum Corporation Employees' Retirement and Savings Plan
Houston, TXManufacturing2,399 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$13,902Employer $ per active participant
$14,115Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$1.0BNet plan assets, end of year
$314,623Average balance per account
Score breakdown
- Employer generosity49.6 / 5099th percentile for employer $ per participant
- Low cost24.0 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving14.6 / 1597th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score88 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 96th |
| Employee saving | 97th |
| Peers that auto-enroll | 59% |
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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
- Citgo Petroleum put in about $13,902 per active participant, more than the typical peer ($2,320). 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 | $33,350,763 |
| Participant (employee) contributions | $33,862,840 |
| Other contributions (incl. rollovers in) | $4,266,929 |
| Administrative expenses paid from the plan | $167,276 |
| Investment advisory & management fees | $136,327 |
| Benefits paid out | $103,419,459 |
| Net assets, start / end of year | $925.0M / $1.0B |
| Active participants, start / end of year | 2,369 / 2,429 |
| Participants with account balances | 3,274 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | KPMG LLP |
Largest service providers (Schedule C)
| Strategic Advisors | $136,327 reported compensation |
| Fiioc, Inc. | $30,949 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014180102NAL0007084898001, received 2025-10-14, EIN 73-1173881, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.