United Petroleum Transports, Inc. 401(k) Review & Grade
United Petroleum Transports, Inc. Employees Savings Plan
Oklahoma City, OKTransportation & Warehousing520 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$314Employer $ per active participant
$1,405Employee $ saved per active participant
0.65%Direct admin cost, % of plan assets
$7.7MNet plan assets, end of year
$23,102Average balance per account
Score breakdown
- Employer generosity7.7 / 5015th percentile for employer $ per participant
- Low cost3.8 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 15th |
| Employee saving | 20th |
| Peers that auto-enroll | 37% |
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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
- United Petroleum Transports put in about $314 per active participant, below the typical peer ($1,070). 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.
- Direct plan expenses (0.65% 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.
- 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 | $163,217 |
| Participant (employee) contributions | $729,876 |
| Other contributions (incl. rollovers in) | $13,663 |
| Administrative expenses paid from the plan | $47,131 |
| Investment advisory & management fees | $19,529 |
| Benefits paid out | $847,970 |
| Net assets, start / end of year | $6.8M / $7.7M |
| Active participants, start / end of year | 514 / 525 |
| Participants with account balances | 335 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $27,602 reported compensation |
| Argent Retirement Plan Advisors LLC | $15,667 reported compensation |
| Empower Advisory Group, LLC | $3,862 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013163756NAL0001720257001, received 2025-10-13, EIN 73-0749055, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.