Ethosenergy GTS Holdings (US) LLC 401(k) Review & Grade
Ethosenergy 401(k) Plan
Houston, TXOther Services1,344 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,260Employer $ per active participant
$10,364Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$337.3MNet plan assets, end of year
$166,509Average balance per account
Score breakdown
- Employer generosity46.4 / 5093th percentile for employer $ per participant
- Low cost23.3 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving14.3 / 1595th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 93th |
| Employee saving | 95th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $5,932 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ethosenergy GTS Holdings (US) put in about $6,260 per active participant, more than the typical peer ($1,257). 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.
- 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 | $8,416,419 |
| Participant (employee) contributions | $13,934,795 |
| Other contributions (incl. rollovers in) | $4,750,197 |
| Administrative expenses paid from the plan | $95,012 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $141,234 |
| Benefits paid out | $38,126,349 |
| Net assets, start / end of year | $306.3M / $337.3M |
| Active participants, start / end of year | 1,347 / 1,342 |
| Participants with account balances | 2,026 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Morgan Stanley | $93,489 reported compensation |
| Strategic Advisors, Inc. | $47,746 reported compensation |
| Whittlesey PC | $27,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013153411NAL0000780403001, received 2025-10-13, EIN 76-0466008, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.