Sixth Street Partners, LLC 401(k) Review & Grade
Sixth Street Retirement Plan
Dallas, TXProfessional, Scientific & Technical Services568 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$17,307Employer $ per active participant
$18,071Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$143.5MNet plan assets, end of year
$191,077Average balance per account
Score breakdown
- Employer generosity49.4 / 5099th percentile for employer $ per participant
- Low cost20.9 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 84th |
| Employee saving | 96th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($549,341 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $69,256 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sixth Street Partners put in about $17,307 per active participant, more than the typical peer ($3,082). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $9,830,564 |
| Participant (employee) contributions | $10,264,209 |
| Other contributions (incl. rollovers in) | $3,088,595 |
| Administrative expenses paid from the plan | $79,043 |
| Investment advisory & management fees | $13,023 |
| Benefits paid out | $6,552,023 |
| Net assets, start / end of year | $108.2M / $143.5M |
| Active participants, start / end of year | 532 / 604 |
| Participants with account balances | 751 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | KPMG, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $66,020 reported compensation |
| Strategic Advisors, Inc. | $13,023 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010163846NAL0018512098001, received 2025-10-10, EIN 46-3735749, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.