PlanOptica
Retirement plan

ENTERPRISE 401(K) PLAN

ENTERPRISE PRODUCTS COMPANYEIN 74-1675622Plan #003PY 2023
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1100 LOUISIANA ST., 10TH FLOOR - HOUSTON, TX 77002713-381-6500enterpriseproducts.comLinkedIn5001-10000 employeesoil & energy
Prospect flagsHigh assets / participantCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(713) 381-6500
Plan administrator signer
KAREN TAYLOR
Signed 10/02/2024
How to read this page

Summary metrics

Total assets (EOY)
$2253.2M
-10.1% from 2016
Total participants
8,750
+2.2% from 2016
Average account balance
$257,683
-11.0% from 2016
Annual return
20.73%
-7.06 pp from 2016

Benchmarks

See 45 peers
Peer group
Industry48 - Transportation and Warehousing
Plan typeDefined contribution
Participants5,000-9,999
Cohort45 peers
Snapshot2023
Participant deferral / active EE
$11,175
median $4,609
Employer contribution / active EE
$13,724
median $1,514
Participation rate
99.9%
median 86.1%
Avg account balance
$257,683
median $51,538
Admin fee / account holder
$75
median $76
Annual return
20.73%
median 18.10%
Overall peer rank
83rd percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$2.59B
Average account balance
Total assets / participants with a balance (line 6g)
$289K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
8,963
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.4%
Contributions (total)
Employer and participant dollars contributed each year
$201.23M
Contributions per participant
Average employer and participant contribution per enrolled participant
$25K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+17.02%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$78
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 3 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years
Service code 37 · EIN 04-2647786
Loan Processing
$564,462
NEPC, LLC6 years
Service code 27 · EIN 26-1429809
Advisory (Plan)
$85,097
HARPER & PEARSON COMPANY, P.C.5 years
Service code 10 · EIN 74-1695589
Accounting
$14,500

Plan features & details

Pension benefit codes2A2E2T2F2G2J2K2R3F
Plan features
  • 2A
    Age/service weighted or new comparability plan
    Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 tripped
  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

  • InformationalHigh assets / participant

    Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II
Admin total
$659K
$86 / participant
  • Recordkeeping$544K82.6%
  • Investment mgmt$85K12.9%
  • Contract admin$15K2.3%
  • Other / not subdivided$15K2.2%
% of EOY assets
0.029%
all-in expense ratio
Categories reported
3 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
HARPER & PEARSON COMPANY, P.C.
Auditor EIN
741695589
Audit fees
$14,500
Opinion code
Unqualified