BW Gas & Convenience Holdings, LLC 401(k) Review & Grade
BW Gas & Convenience Holdings, LLC 401(k) Plan
Fort Worth, TXRetail Trade3,844 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$327Employer $ per active participant
$1,018Employee $ saved per active participant
0.47%Direct admin cost, % of plan assets
$26.9MNet plan assets, end of year
$6,589Average balance per account
Score breakdown
- Employer generosity12.4 / 5025th percentile for employer $ per participant
- Low cost3.4 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 14th |
| Employee saving | 20th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Corrective distributions: the plan refunded $50,629 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- BW Gas & Convenience Holdings put in about $327 per active participant, below the typical peer ($650). 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.
- Direct plan expenses (0.47% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,255,674 |
| Participant (employee) contributions | $3,914,700 |
| Other contributions (incl. rollovers in) | $69,742 |
| Administrative expenses paid from the plan | $123,324 |
| Contract administrator fees | $98,562 |
| Benefits paid out | $5,631,009 |
| Net assets, start / end of year | $25.1M / $26.9M |
| Active participants, start / end of year | 4,239 / 3,450 |
| Participants with account balances | 4,086 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Gray, Gray & Gray LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $98,562 reported compensation |
| Empower Advisory Group, LLC | $23,784 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008145133NAL0005718545001, received 2025-10-08, EIN 47-4202707, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.