Texas United Corporation 401(k) Review & Grade
Texas United Corporation 401(k) Plan
Houston, TXMining, Oil & Gas566 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,648Employer $ per active participant
$7,550Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$80.8MNet plan assets, end of year
$122,099Average balance per account
Score breakdown
- Employer generosity14.1 / 5028th percentile for employer $ per participant
- Low cost18.0 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1555th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 72th |
| Employee saving | 55th |
| Peers that auto-enroll | 60% |
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
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Texas United put in about $2,648 per active participant, below the typical peer ($4,357). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $1,498,606 |
| Participant (employee) contributions | $4,273,069 |
| Other contributions (incl. rollovers in) | $415,683 |
| Administrative expenses paid from the plan | $81,791 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $22,238 |
| Other admin expenses | $33,750 |
| Benefits paid out | $5,067,430 |
| Net assets, start / end of year | $68.6M / $80.8M |
| Active participants, start / end of year | 572 / 560 |
| Participants with account balances | 662 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C.. |
Largest service providers (Schedule C)
| Gallagher Fiduciary Advisors, LLC | $33,750 reported compensation |
| Bdo | $24,976 reported compensation |
| Strategic Advisors, Inc. | $22,238 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013152848NAL0000766019001, received 2025-10-13, EIN 74-1663878, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.