How much does Plains AG, Inc. contribute to its ESOP?

In 2024, employer contributions to the Plains AG, Inc. plan averaged $1,421 per active participant, below the $2,416 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Plains AG, Inc. 401(k)?

The average participant account balance was $112,820 for plan year 2024, based on 321 accounts.

Plains AG, Inc.ESOP

Name: Plains AG, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

PLAINS AG EMPLOYEE STOCK OWNERSHIP PLAN · BEACH, ND · plan year 2024

Employer contribution per participant · 2024

$1,421

Plains AG, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $36,215,089 across 321 participant accounts, with employer contributions averaging $1,421 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 70th-largest of 279 plans among North Dakota employers on file, and the 1,133rd of 4,246 in wholesale trade. active participation has grown from 256 to 284 since 2022.

Plan summary
Net assets, end of year$36,215,089
Participants with balances321
Active participants284
Employer contributions$403,625
Employee contributions—
Employer contribution per active participant$1,421
Average account balance$112,820
Benefits paid to participants$173,453
Plan auditUnmodified (clean) audit opinion
AuditorEIDE BAILLY

Plan history3

Yearassets · accounts · employer contribution

2024$36.2M · 321 accts · $404K emplr

2023$32.9M · 304 accts · $395K emplr

2022$8.0M · 282 accts · $4.0M emplr

Employer contributions to the Plains AG, Inc. plan · 2024

Employer contribution per active participant$1,421

Median for plans this size$2,416

2024$1,421 per active participant

2023$1,486 per active participant

2022$15,625 per active participant

Plains AG, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history3

2024Not separately reported

2023Not separately reported

2022Not separately reported

All plans at this employer2

PLAINS AG RETIREMENT PLAN401(k)

PLAINS AG EMPLOYEE STOCK OWNERSHIP PLANESOP

Same employer

Plains AG, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 463450928 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.