Genesis Energy, LLC 401(k) Review & Grade
Genesis Alkali, LLC Savings Investment Plan
Houston, TXMining, Oil & Gas1,038 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,817Employer $ per active participant
$9,621Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$126.8MNet plan assets, end of year
$117,603Average balance per account
Score breakdown
- Employer generosity34.8 / 5070th percentile for employer $ per participant
- Low cost20.9 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 83th |
| Employee saving | 76th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
Corrective distributions: the plan refunded $586 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Genesis Energy put in about $6,817 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 | $7,072,154 |
| Participant (employee) contributions | $9,981,538 |
| Other contributions (incl. rollovers in) | $1,329,734 |
| Administrative expenses paid from the plan | $73,365 |
| Contract administrator fees | $1,800 |
| Benefits paid out | $14,776,365 |
| Net assets, start / end of year | $105.8M / $126.8M |
| Active participants, start / end of year | 1,060 / 1,015 |
| Participants with account balances | 1,078 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mcconnell & Jones, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $73,365 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014112417NAL0005677586001, received 2025-10-14, EIN 80-0321477, plan #015, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.