HF Sinclair Corporation 401(k) Review & Grade
HF Sinclair Corporation 401(k) Retirement Savings Plan
Dallas, TXManufacturing4,076 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$16,178Employer $ per active participant
$13,853Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$1.2BNet plan assets, end of year
$234,645Average balance per account
Score breakdown
- Employer generosity49.8 / 50100th percentile for employer $ per participant
- Low cost18.0 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving14.1 / 1594th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score89 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 72th |
| Employee saving | 94th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $266,769 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- HF Sinclair put in about $16,178 per active participant, more than the typical peer ($3,452). 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 | $65,941,184 |
| Participant (employee) contributions | $56,466,085 |
| Other contributions (incl. rollovers in) | $10,814,650 |
| Administrative expenses paid from the plan | $686,613 |
| Contract administrator fees | $439,090 |
| Investment advisory & management fees | $247,523 |
| Benefits paid out | $117,482,363 |
| Net assets, start / end of year | $1.0B / $1.2B |
| Active participants, start / end of year | 4,013 / 4,139 |
| Participants with account balances | 4,984 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | The CJ CPA Group, PLLC |
| Employer stock held by plan | $32,541,529 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $466,431 reported compensation |
| Edelman Financial Engines, LLC | $247,523 reported compensation |
| Charles Schwab & Co, Inc. | $6,811 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014130934NAL0005983794001, received 2025-10-14, EIN 87-2092143, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.