Parkland (U.S.) People Corp. 401(k) Review & Grade
Parkland USA 401(k) Plan
Houston, TXWholesale Trade2,286 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,805Employer $ per active participant
$3,166Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$67.8MNet plan assets, end of year
$58,332Average balance per account
Score breakdown
- Employer generosity25.2 / 5050th percentile for employer $ per participant
- Low cost10.1 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving3.7 / 1525th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 40th |
| Employee saving | 25th |
| Peers that auto-enroll | 53% |
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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
- Parkland (U.S.) People put in about $1,805 per active participant, more than the typical peer ($1,792). 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 | $4,128,075 |
| Participant (employee) contributions | $7,238,643 |
| Other contributions (incl. rollovers in) | $246,414 |
| Administrative expenses paid from the plan | $190,880 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $70,627 |
| Benefits paid out | $10,136,411 |
| Net assets, start / end of year | $59.2M / $67.8M |
| Active participants, start / end of year | 2,209 / 2,364 |
| Participants with account balances | 1,163 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Brady, Martz & Associates, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $120,253 reported compensation |
| Onedigital Investment Advisors LLC | $70,627 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916125639NAL0003058800001, received 2025-09-16, EIN 83-2255506, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.