Adams Resources and Energy, Inc. 401(k) Review & Grade
Adams Resources and Energy, Inc., and Subsidiaries 401k Plan
Houston, TXWholesale Trade684 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,841Employer $ per active participant
$3,479Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$33.0MNet plan assets, end of year
$61,597Average balance per account
Score breakdown
- Employer generosity26.0 / 5052th percentile for employer $ per participant
- Low cost17.5 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 70th |
| Employee saving | 31th |
| Peers that auto-enroll | 53% |
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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 ($184,947 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Adams Resources and Energy put in about $1,841 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.
- 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 | $1,260,149 |
| Participant (employee) contributions | $2,381,237 |
| Other contributions (incl. rollovers in) | $207,969 |
| Administrative expenses paid from the plan | $37,457 |
| Benefits paid out | $4,576,660 |
| Net assets, start / end of year | $30.1M / $33.0M |
| Active participants, start / end of year | 743 / 626 |
| Participants with account balances | 536 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Doeren Mayhew Assurance |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015133354NAL0006425248001, received 2025-10-15, EIN 74-1753147, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.