Atmos Energy Corporation 401(k) Review & Grade
Atmos Energy Corporation Retirement Savings Plan and Trust
Dallas, TXUtilities5,148 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,425Employer $ per active participant
$7,782Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$183,829Average balance per account
Score breakdown
- Employer generosity20.3 / 5041th percentile for employer $ per participant
- Low cost22.7 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Utilities plans with 2,500–9,999 active participants (38 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 91th |
| Employee saving | 24th |
| Peers that auto-enroll | 82% |
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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
- Atmos Energy put in about $5,425 per active participant, below the typical peer ($6,490). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $27,928,929 |
| Participant (employee) contributions | $40,059,894 |
| Other contributions (incl. rollovers in) | $2,721,241 |
| Administrative expenses paid from the plan | $308,591 |
| Investment advisory & management fees | $161,106 |
| Other admin expenses | $34,369 |
| Benefits paid out | $115,881,108 |
| Net assets, start / end of year | $1.0B / $1.1B |
| Active participants, start / end of year | 5,009 / 5,287 |
| Participants with account balances | 6,183 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Whitley Penn LLP |
| Employer stock held by plan | $258,032,081 |
Largest service providers (Schedule C)
| Guided Choice | $161,016 reported compensation |
| T. Rowe Price | $148,285 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930141202NAL0013341616001, received 2025-09-30, EIN 75-1743247, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.