Suburban Propane L.P. 401(k) Review & Grade
Suburban Propane Retirement Savings and Investment Plan
Whippany, NJRetail Trade3,371 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,310Employer $ per active participant
$4,311Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$254.0MNet plan assets, end of year
$58,709Average balance per account
Score breakdown
- Employer generosity37.9 / 5076th percentile for employer $ per participant
- Low cost8.9 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 36th |
| Employee saving | 84th |
| 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
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Suburban Propane L.P. put in about $1,310 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.
- Direct plan expenses (0.19% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $4,416,629 |
| Participant (employee) contributions | $14,533,129 |
| Other contributions (incl. rollovers in) | $1,850,662 |
| Administrative expenses paid from the plan | $474,576 |
| Investment advisory & management fees | $208,544 |
| Benefits paid out | $28,740,392 |
| Net assets, start / end of year | $235.3M / $254.0M |
| Active participants, start / end of year | 3,381 / 3,361 |
| Participants with account balances | 4,327 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cohnreznick, LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $230,854 reported compensation |
| Edelman Financial Engines | $152,264 reported compensation |
| Capfinancial Partners LLC | $56,280 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009092756NAL0011152000001, received 2025-10-09, EIN 22-3410352, plan #060, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.