Totalenergies Finance USA, Inc 401(k) Review & Grade
Totalenergies Finance USA, Inc. Employee Savings Plan
Houston, TXMining, Oil & Gas2,449 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$8,933Employer $ per active participant
$13,537Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$788.4MNet plan assets, end of year
$256,395Average balance per account
Score breakdown
- Employer generosity39.1 / 5078th percentile for employer $ per participant
- Low cost23.7 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 95th |
| Employee saving | 93th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($120,319 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $10,697 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Totalenergies Finance USA put in about $8,933 per active participant, more than the typical peer ($4,357). 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 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 | $21,876,984 |
| Participant (employee) contributions | $33,153,282 |
| Other contributions (incl. rollovers in) | $7,066,471 |
| Administrative expenses paid from the plan | $160,549 |
| Other admin expenses | $23,917 |
| Benefits paid out | $73,455,050 |
| Net assets, start / end of year | $699.5M / $788.4M |
| Active participants, start / end of year | 2,423 / 2,475 |
| Participants with account balances | 3,075 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $125,082 reported compensation |
| Cook Street Consulting Inc. | $23,917 reported compensation |
| Crowe LLP | $11,550 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014092633NAL0001167523001, received 2025-10-14, EIN 23-3060301, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.