Fluor Federal Petroleum Operations, LLC 401(k) Review & Grade
Strategic Petroleum Reserve Retirement and Savings Plan
New Orleans, LAProfessional, Scientific & Technical Services728 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$9,724Employer $ per active participant
$13,374Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$214.4MNet plan assets, end of year
$214,216Average balance per account
Score breakdown
- Employer generosity45.3 / 5091th percentile for employer $ per participant
- Low cost21.1 / 2585th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score89 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 85th |
| Employee saving | 82th |
| Peers that auto-enroll | 48% |
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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
- Fluor Federal Petroleum Operations put in about $9,724 per active participant, more than the typical peer ($3,082). 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 | $7,074,349 |
| Participant (employee) contributions | $9,729,576 |
| Other contributions (incl. rollovers in) | $1,057,169 |
| Administrative expenses paid from the plan | $120,057 |
| Investment advisory & management fees | $25,551 |
| Benefits paid out | $21,935,680 |
| Net assets, start / end of year | $192.0M / $214.4M |
| Active participants, start / end of year | 755 / 700 |
| Participants with account balances | 1,001 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Kushner Lagraize LLC |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services Inc | $101,948 reported compensation |
| Morningstar Inc | $11,517 reported compensation |
| Capfinancial Partners LLC | $6,193 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251028160652NAL0007096113001, received 2025-10-28, EIN 45-5369207, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.