National Fuel Gas Company 401(k) Review & Grade
National Fuel Gas Company Tax Deferred Savings Plan for Non-Union Employees
Williamsville, NYManagement of Companies1,197 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$9,733Employer $ per active participant
$13,635Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$438.4MNet plan assets, end of year
$276,607Average balance per account
Score breakdown
- Employer generosity47.7 / 5095th percentile for employer $ per participant
- Low cost24.9 / 25100th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 100th |
| Employee saving | 95th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- National Fuel Gas put in about $9,733 per active participant, more than the typical peer ($2,492). 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 | $11,650,503 |
| Participant (employee) contributions | $16,321,324 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $7,880 |
| Other admin expenses | $7,880 |
| Benefits paid out | $43,566,567 |
| Net assets, start / end of year | $387.4M / $438.4M |
| Active participants, start / end of year | 1,178 / 1,216 |
| Participants with account balances | 1,585 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bonadio & Co., LLP |
| Employer stock held by plan | $83,549,187 |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $11,835 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002100609NAL0000226819001, received 2025-10-02, EIN 13-1086010, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.