Plains All American GP 401(k) match, vesting and fees
What Plains All American GP's 401(k) plan says about matching contributions
The Plan satisfies the requirements of a Safe Harbor 401(k) Plan and is therefore exempt from the actual deferral and contribution percentage discrimination testing requirements. On behalf of each participant, the Company contributes to the Plan an amount equal to 100% of each participant’s contributions up to 6% of the participant’s annual compensation, subject to applicable Internal Revenue Service (“IRS”) limitations (“Company Matching Contributions”).
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. 33 ↗ |
| Match vesting | Participants are always 100% vested in their Plan account balances. | Audit report, p. 33 ↗ |
| Loans | Loans are permitted under the provisions of the Plan. In connection with such loans, the Plan requires (1) the securing of such loans by a portion of the participant’s Plan account balance, (2) a reasonable rate of interest and (3) a fixed repayment schedule. The Plan limits loans to the lesser of 50% of the participant’s Plan account balance or $50,000 and the repayment term cannot exceed five years. However, the five-year limit does not apply if the participant uses the loan to buy their principal residence, in which case the limit is then extended to thirty years. All loans must be for a minimum of $1,000. | Audit report, p. 33 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Weaver and Tidwell, 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 267 defined-contribution plans in transportation and warehousing with 1,000 to 4,999 participants.
| Plains All American GP: employer contribution per participant | $5,835 | |
| Peer median | $1,880 |
| Plains All American GP: average balance | $184,485 | |
| Peer median | $51,904 |
| Plains All American GP: admin expenses ÷ assets | 0.05% | |
| Peer median | 0.21% |
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 $570M at the end of plan year 2023 to $625M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 3,907 | $625M | $19.8M | $5,835 | 0.05% | Quoted in the audit report, p. 33 ↗ | Form 5500 ↗ |
| 2023 | 4,499 | $570M | $19.4M | $4,812 | 0.09% | Not published | Form 5500 ↗ |
Common questions
Does Plains All American GP match 401(k) contributions?
The audit report attached to the Plains All American 401(k) Plan's plan year 2024 Form 5500, page 33 says: “The Plan satisfies the requirements of a Safe Harbor 401(k) Plan and is therefore exempt from the actual deferral and contribution percentage discrimination testing requirements. On behalf of each participant, the Company contributes to the Plan an amount equal to 100% of each participant’s contributions up to 6% of the participant’s annual compensation, subject to applicable Internal Revenue Service (“IRS”) limitations (“Company Matching Contributions”).” Plan terms may have changed; check your current Summary Plan Description.
When is the Plains All American GP 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 33 says: “Participants are always 100% vested in their Plan account balances.”
Who manages the Plains All American GP 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Plains All American Gp LLC.
I left Plains All American GP. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Plains All American Gp LLC, (713) 646-4100) or the recordkeeper, Fidelity Investments Institutional. The Plains All American GP old 401(k) page lists the contacts from every plan filing. Find an old Plains All American GP 401(k)
Data from the public Form 5500 annual reports Plains All American GP 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 Plains All American GP. Not financial advice. Report a correction · Methodology