Citgo Petroleum Corporation 401(k) Review & Grade
Employees' Thrift Plan of Citgo Petroleum Corporation
Houston, TXManufacturing1,824 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,610Employer $ per active participant
$8,325Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$320.5MNet plan assets, end of year
$156,250Average balance per account
Score breakdown
- Employer generosity45.1 / 5090th percentile for employer $ per participant
- Low cost23.0 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score80 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 92th |
| Employee saving | 82th |
| Peers that auto-enroll | 59% |
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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
- Citgo Petroleum put in about $6,610 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 | $12,057,239 |
| Participant (employee) contributions | $15,185,641 |
| Other contributions (incl. rollovers in) | $2,240,806 |
| Administrative expenses paid from the plan | $103,751 |
| Investment advisory & management fees | $71,961 |
| Benefits paid out | $40,402,049 |
| Net assets, start / end of year | $290.0M / $320.5M |
| Active participants, start / end of year | 1,809 / 1,839 |
| Participants with account balances | 2,051 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | KPMG LLP |
Largest service providers (Schedule C)
| Strategic Advisors | $71,961 reported compensation |
| Fiioc | $31,790 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014180146NAL0007085938001, received 2025-10-14, EIN 73-1173881, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.