Petroleum Heat and Power Co., Inc. 401(k) Review & Grade
Retirement Savings Plan
Stamford, CTRetail Trade2,614 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,322Employer $ per active participant
$4,875Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$351.5MNet plan assets, end of year
$104,034Average balance per account
Score breakdown
- Employer generosity47.5 / 5095th percentile for employer $ per participant
- Low cost14.5 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving13.1 / 1587th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 58th |
| Employee saving | 87th |
| Peers that auto-enroll | 42% |
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
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Petroleum Heat and Power Co. put in about $3,322 per active participant, more than the typical peer ($650). 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 | $8,680,784 |
| Participant (employee) contributions | $12,739,554 |
| Other contributions (incl. rollovers in) | $1,547,336 |
| Administrative expenses paid from the plan | $328,745 |
| Investment advisory & management fees | $104,646 |
| Benefits paid out | $36,982,570 |
| Net assets, start / end of year | $316.0M / $351.5M |
| Active participants, start / end of year | 2,342 / 2,885 |
| Participants with account balances | 3,379 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | PKF O'connor Davies, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $197,649 reported compensation |
| Strategic Advisors, Inc. | $104,646 reported compensation |
| PKF O'connor Davies, LLP | $26,450 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250828140130NAL0010520241001, received 2025-08-28, EIN 06-1183025, plan #010, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.