Plains All American GP LLC 401(k) Review & Grade
Plains All American 401(k) Plan
Houston, TXTransportation & Warehousing3,052 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,479Employer $ per active participant
$9,348Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$625.2MNet plan assets, end of year
$184,485Average balance per account
Score breakdown
- Employer generosity43.4 / 5087th percentile for employer $ per participant
- Low cost19.7 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving13.2 / 1588th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 79th |
| Employee saving | 88th |
| Peers that auto-enroll | 46% |
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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
- Plains All American GP put in about $6,479 per active participant, more than the typical peer ($1,834). 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 | $19,774,828 |
| Participant (employee) contributions | $28,529,773 |
| Other contributions (incl. rollovers in) | $2,665,524 |
| Administrative expenses paid from the plan | $294,347 |
| Contract administrator fees | $2,100 |
| Investment advisory & management fees | $1,144 |
| Other admin expenses | $123,217 |
| Benefits paid out | $80,298,229 |
| Net assets, start / end of year | $569.7M / $625.2M |
| Active participants, start / end of year | 3,051 / 3,053 |
| Participants with account balances | 3,389 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Weaver and Tidwell, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $169,986 reported compensation |
| Captrust Financial Advisors | $123,217 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013130254NAL0002021712001, received 2025-10-13, EIN 76-0680801, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.