National Fuel Gas Company 401(k) Review & Grade
National Fuel Gas Company Tax Deferred Savings Plan
Williamsville, NYManagement of Companies1,002 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,988Employer $ per active participant
$5,643Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$132.9MNet plan assets, end of year
$102,527Average balance per account
Score breakdown
- Employer generosity33.6 / 5067th percentile for employer $ per participant
- Low cost24.7 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving7.6 / 1551th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 99th |
| Employee saving | 51th |
| Peers that auto-enroll | 58% |
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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
- National Fuel Gas put in about $3,988 per active participant, more than the typical peer ($2,492). 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 | $3,997,661 |
| Participant (employee) contributions | $5,657,205 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $6,935 |
| Other admin expenses | $6,935 |
| Benefits paid out | $11,354,229 |
| Net assets, start / end of year | $116.6M / $132.9M |
| Active participants, start / end of year | 983 / 1,022 |
| Participants with account balances | 1,296 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bonadio & Co., LLP |
| Employer stock held by plan | $27,624,469 |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $11,455 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002100825NAL0000969714001, received 2025-10-02, EIN 13-1086010, plan #009, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.