Maxum Petroleum Operating Company 401(k) Review & Grade
Maxum Petroleum 401(k) Plan
Grapevine, TXTransportation & Warehousing736 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,112Employer $ per active participant
$7,629Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$65.7MNet plan assets, end of year
$56,631Average balance per account
Score breakdown
- Employer generosity43.0 / 5086th percentile for employer $ per participant
- Low cost7.0 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving13.4 / 1590th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 28th |
| Employee saving | 90th |
| Peers that auto-enroll | 37% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,394 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Maxum Petroleum Operating put in about $3,112 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.
- Direct plan expenses (0.43% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,291,712 |
| Participant (employee) contributions | $5,619,083 |
| Other contributions (incl. rollovers in) | $306,245 |
| Administrative expenses paid from the plan | $272,744 |
| Contract administrator fees | $216,959 |
| Investment advisory & management fees | $40,750 |
| Benefits paid out | $9,452,601 |
| Net assets, start / end of year | $60.6M / $65.7M |
| Active participants, start / end of year | 756 / 717 |
| Participants with account balances | 1,160 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Weaver and Tidwell LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $216,959 reported compensation |
| Weaver and Tidwell, LLP | $30,785 reported compensation |
| Rather & Kittrell,inc | $25,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015090503NAL0004139553001, received 2025-10-15, EIN 26-3908405, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.