Genesis Energy, LLC 401(k) Review & Grade
Genesis Energy, LLC Profit Sharing & Retirement Savings Plan
Houston, TXMining, Oil & Gas1,041 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$15,060Employer $ per active participant
$8,800Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$184.7MNet plan assets, end of year
$147,758Average balance per account
Score breakdown
- Employer generosity47.3 / 5095th percentile for employer $ per participant
- Low cost21.1 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving9.8 / 1566th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score88 / 100 · Grade A
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 84th |
| Employee saving | 66th |
| Peers that auto-enroll | 60% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Genesis Energy put in about $15,060 per active participant, more than the typical peer ($4,357). 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 | $15,677,862 |
| Participant (employee) contributions | $9,160,670 |
| Other contributions (incl. rollovers in) | $1,115,046 |
| Administrative expenses paid from the plan | $101,591 |
| Contract administrator fees | $300 |
| Benefits paid out | $17,796,954 |
| Net assets, start / end of year | $153.7M / $184.7M |
| Active participants, start / end of year | 1,018 / 1,064 |
| Participants with account balances | 1,250 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mcconnell & Jones LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $101,591 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010112944NAL0008057937001, received 2025-10-10, EIN 80-0321477, plan #014, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.