Boardwalk Pipeline Partners, LP 401(k) Review & Grade
Boardwalk Pipeline Partners, LP Savings Plan
Owensboro, KYTransportation & Warehousing1,278 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$11,685Employer $ per active participant
$11,729Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$454.0MNet plan assets, end of year
$289,898Average balance per account
Score breakdown
- Employer generosity49.7 / 5099th percentile for employer $ per participant
- Low cost22.1 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving14.6 / 1597th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score93 / 100 · Grade A
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 88th |
| Employee saving | 97th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $770 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Boardwalk Pipeline Partners, LP put in about $11,685 per active participant, more than the typical peer ($1,070). 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 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 | $14,927,315 |
| Participant (employee) contributions | $14,983,293 |
| Other contributions (incl. rollovers in) | $2,460,807 |
| Administrative expenses paid from the plan | $203,705 |
| Investment advisory & management fees | $80,000 |
| Benefits paid out | $45,707,943 |
| Net assets, start / end of year | $410.1M / $454.0M |
| Active participants, start / end of year | 1,263 / 1,292 |
| Participants with account balances | 1,566 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Dean Dorton Allen Ford, PLLC |
Largest service providers (Schedule C)
| Stegner Investment Associates | $80,000 reported compensation |
| Frost Brown Todd | $51,345 reported compensation |
| T. Rowe Price RPS Inc | $43,054 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250730094721NAL0005302336001, received 2025-07-30, EIN 06-1687421, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.