Energy Transfer 401(k) match, vesting and fees
What Energy Transfer's 401(k) plan says about matching contributions
The Company made matching contributions equal to 100% of the first 5% of eligible base compensation to eligible participants, as defined in the Plan.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 22 ↗ |
| Automatic enrollment | The plan document includes an automatic deferral feature whereby a participant is treated as electing to defer a certain percentage of eligible base compensation unless the participant made an affirmative election otherwise. Employees are automatically enrolled at a pretax contribution rate of 5% of eligible base compensation, as defined in the Plan, which automatically increases to 6% in the second year of participation. The automatic deferrals are automatically invested in a target retirement date fund based on the employee’s date of birth and an assumed retirement age of 65. | Audit report, p. 22 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. The loans are secured by the balance in the participant’s account and bear a reasonable interest rate, as determined by the plan administrator. Principal and interest are paid ratably through monthly payroll deductions. The minimum term for repayment of any loan is five years unless it is for the participant’s principal residence in which the loan terms can extend to 15 years. | Audit report, p. 23 ↗ |
| Independent auditor | Forvis Mazars, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 12 defined-contribution plans in mining, quarrying, and oil and gas extraction with 10,000 to 49,999 participants.
| Energy Transfer: employer contribution per participant | $5,868 | |
| Peer median | $5,269 |
| Energy Transfer: average balance | $170,799 | |
| Peer median | $130,671 |
| Energy Transfer: admin expenses ÷ assets | 0.05% | |
| Peer median | 0.06% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $2.4B at the end of plan year 2023 to $2.8B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 16,426 | $2.8B | $95.9M | $5,868 | 0.05% | Quoted in the audit report, p. 22 ↗ | Form 5500 ↗ |
| 2023 | 14,648 | $2.4B | $79.9M | $5,475 | 0.05% | Not published | Form 5500 ↗ |
Common questions
Does Energy Transfer match 401(k) contributions?
The audit report attached to the Energy Transfer LP 401(k) Plan's plan year 2024 Form 5500, page 22 says: “The Company made matching contributions equal to 100% of the first 5% of eligible base compensation to eligible participants, as defined in the Plan.” Plan terms may have changed; check your current Summary Plan Description.
When is the Energy Transfer 401(k) match vested?
The vesting schedule for the Energy Transfer LP 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Energy Transfer 401(k)?
The filing names Energy Transfer LP as plan administrator; it does not list a recordkeeper.
I left Energy Transfer. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Energy Transfer LP, (713) 989-7572). The Energy Transfer old 401(k) page lists the contacts from every plan filing. Find an old Energy Transfer 401(k)
Data from the public Form 5500 annual reports Energy Transfer filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Energy Transfer. Not financial advice. Report a correction · Methodology