Enbridge Employee Services, Inc. 401(k) Review & Grade
Enbridge Employee Services, Inc. Employees' Savings Plan
Houston, TXAdministrative, Support & Staffing Services5,444 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,063Employer $ per active participant
$10,671Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$1.8BNet plan assets, end of year
$221,815Average balance per account
Score breakdown
- Employer generosity48.8 / 5098th percentile for employer $ per participant
- Low cost22.4 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving14.6 / 1598th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score96 / 100 · Grade A
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 90th |
| Employee saving | 98th |
| Peers that auto-enroll | 22% |
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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
- Enbridge Employee Services put in about $6,063 per active participant, more than the typical peer ($342). 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 | $33,008,000 |
| Participant (employee) contributions | $58,092,000 |
| Other contributions (incl. rollovers in) | $408,182,000 |
| Administrative expenses paid from the plan | $474,000 |
| Investment advisory & management fees | $72,000 |
| Benefits paid out | $165,327,000 |
| Net assets, start / end of year | $1.3B / $1.8B |
| Active participants, start / end of year | 3,772 / 7,116 |
| Participants with account balances | 8,309 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mcconnell & Jones LLP |
| Employer stock held by plan | $384,904,000 |
Largest service providers (Schedule C)
| T Rowe Price Trust Company | $247,000 reported compensation |
| Voya Institutional Plan Services | $155,000 reported compensation |
| Fiduciary Investment Advisors | $48,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250627121811NAL0009401921001, received 2025-06-27, EIN 76-0697621, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.