International-Matex Tank Terminals LLC 401(k) Review & Grade
International-Matex Tank Terminals Retirement Investment Plan
New Orleans, LATransportation & Warehousing718 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,162Employer $ per active participant
$8,205Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$96.2MNet plan assets, end of year
$118,613Average balance per account
Score breakdown
- Employer generosity46.8 / 5094th percentile for employer $ per participant
- Low cost12.8 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving13.8 / 1592th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score80 / 100 · Grade A
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 51th |
| Employee saving | 92th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $55,495 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- International-Matex Tank Terminals put in about $5,162 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 | $3,703,668 |
| Participant (employee) contributions | $5,887,040 |
| Other contributions (incl. rollovers in) | $1,234,185 |
| Administrative expenses paid from the plan | $196,806 |
| Contract administrator fees | $87,088 |
| Investment advisory & management fees | $14,489 |
| Benefits paid out | $7,492,400 |
| Net assets, start / end of year | $81.3M / $96.2M |
| Active participants, start / end of year | 720 / 715 |
| Participants with account balances | 811 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bourgeois Bennett LLC |
Largest service providers (Schedule C)
| Aon Investments USA Inc | $87,088 reported compensation |
| Empower Annuity Insurance Company O | $78,479 reported compensation |
| Bourgeois Bennett LLC | $16,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009144739NAL0011174960001, received 2025-10-09, EIN 72-0771251, plan #334, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.