Freeport LNG Development, L.P. 401(k) Review & Grade
Freeport LNG 401(k) Plan
Houston, TXManufacturing518 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$10,986Employer $ per active participant
$16,297Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$113.2MNet plan assets, end of year
$187,729Average balance per account
Score breakdown
- Employer generosity48.8 / 5098th percentile for employer $ per participant
- Low cost24.0 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving14.8 / 1598th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score91 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 96th |
| Employee saving | 98th |
| Peers that auto-enroll | 59% |
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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
- Freeport LNG Development, L.P. put in about $10,986 per active participant, more than the typical peer ($2,320). 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 | $5,696,121 |
| Participant (employee) contributions | $8,450,013 |
| Other contributions (incl. rollovers in) | $2,659,679 |
| Administrative expenses paid from the plan | $18,412 |
| Contract administrator fees | $300 |
| Benefits paid out | $12,793,297 |
| Net assets, start / end of year | $94.4M / $113.2M |
| Active participants, start / end of year | 496 / 541 |
| Participants with account balances | 603 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Weinstein Spira & Company, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $21,497 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250728141520NAL0001667281001, received 2025-07-28, EIN 27-0030411, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.