Calumet GP, LLC 401(k) Review & Grade
Calumet GP, LLC Retirement Savings Plan
Indianapolis, INMining, Oil & Gas1,640 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,750Employer $ per active participant
$8,910Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$307.0MNet plan assets, end of year
$162,678Average balance per account
Score breakdown
- Employer generosity27.3 / 5055th percentile for employer $ per participant
- Low cost23.1 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 92th |
| Employee saving | 68th |
| Peers that auto-enroll | 60% |
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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
- Calumet GP put in about $4,750 per active participant, more than the typical peer ($4,357). 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 | $7,790,752 |
| Participant (employee) contributions | $14,613,007 |
| Other contributions (incl. rollovers in) | $1,450,536 |
| Administrative expenses paid from the plan | $92,660 |
| Contract administrator fees | $900 |
| Investment advisory & management fees | $46,314 |
| Benefits paid out | $32,293,071 |
| Net assets, start / end of year | $275.3M / $307.0M |
| Active participants, start / end of year | 1,555 / 1,725 |
| Participants with account balances | 1,887 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Katz, Sapper & Miller, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $46,634 reported compensation |
| Strategic Advisors, Inc. | $46,314 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013094201NAL0000451667001, received 2025-10-13, EIN 36-4579817, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.