The Williams Companies, Inc. 401(k) Review & Grade
The Williams Investment Plus Plan
Tulsa, OKManagement of Companies5,448 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$12,105Employer $ per active participant
$12,593Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$2.0BNet plan assets, end of year
$268,675Average balance per account
Score breakdown
- Employer generosity49.2 / 5098th percentile for employer $ per participant
- Low cost11.0 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 44th |
| Employee saving | 95th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Prohibited transactions: the plan reported non-exempt transactions with a party in interest.
Corrective distributions: the plan refunded $9,992 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Williams Companies put in about $12,105 per active participant, more than the typical peer ($3,455). 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 | $65,948,743 |
| Participant (employee) contributions | $68,608,219 |
| Other contributions (incl. rollovers in) | $14,387,648 |
| Administrative expenses paid from the plan | $2,682,855 |
| Investment advisory & management fees | $2,261,143 |
| Benefits paid out | $173,994,767 |
| Net assets, start / end of year | $1.7B / $2.0B |
| Active participants, start / end of year | 5,204 / 5,692 |
| Participants with account balances | 7,360 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young LLP |
| Employer stock held by plan | $11,801,616 |
Largest service providers (Schedule C)
| Fidelity Invest. Instl. Oper. Co., | $270,824 reported compensation |
| Mercer Investment Consulting, Inc. | $163,955 reported compensation |
| Strategic Advisors, Inc. | $81,502 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008121549NAL0003265331001, received 2025-10-08, EIN 73-0569878, plan #008, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.