Texas Petroleum Group, LLC 401(k) Review & Grade
Texas Petroleum Group, LLC 401(k) Plan
Houston, TXRetail Trade1,311 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$284Employer $ per active participant
$813Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$9.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.4 / 5021th percentile for employer $ per participant
- Low cost9.6 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 38th |
| Employee saving | 11th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $13,499 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Texas Petroleum Group put in about $284 per active participant, below the typical peer ($743). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $371,991 |
| Participant (employee) contributions | $1,065,694 |
| Other contributions (incl. rollovers in) | $45,681 |
| Administrative expenses paid from the plan | $28,767 |
| Investment advisory & management fees | $14,625 |
| Benefits paid out | $2,043,733 |
| Net assets, start / end of year | $8.8M / $9.3M |
| Active participants, start / end of year | 1,360 / 1,262 |
| Participants with account balances | 314 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pricekubecka PLLC |
Largest service providers (Schedule C)
| LPL Financial Corporation Rpcp | $14,624 reported compensation |
| Adp, Inc. | $14,142 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015061226NAL0005489888001, received 2025-10-15, EIN 26-2459491, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.