Suncor Energy (U.S.A.) Inc. 401(k) Review & Grade
Suncor Energy 401(k) Savings Plan
Denver, COManufacturing590 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$9,919Employer $ per active participant
$14,298Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$200.3MNet plan assets, end of year
$255,859Average balance per account
Score breakdown
- Employer generosity48.1 / 5096th percentile for employer $ per participant
- Low cost22.7 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving14.6 / 1597th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score85 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 91th |
| Employee saving | 97th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,855 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Suncor Energy (U.S.A.) put in about $9,919 per active participant, more than the typical peer ($2,320). 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 | $5,847,495 |
| Participant (employee) contributions | $8,428,750 |
| Other contributions (incl. rollovers in) | $257,108 |
| Administrative expenses paid from the plan | $70,947 |
| Benefits paid out | $14,631,280 |
| Net assets, start / end of year | $174.2M / $200.3M |
| Active participants, start / end of year | 561 / 618 |
| Participants with account balances | 783 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $70,947 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250912123205NAL0001290880001, received 2025-09-12, EIN 51-0403125, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.