Plan Ledger DOL Form 5500 · updated monthly

Tallgrass Management LLC401(k)

TALLGRASS MANAGEMENT LLC 401(K) SAVINGS PLAN · LEAWOOD, KS · plan year 2024

Reported admin expense ratio · 2024
0.10%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Tallgrass Management LLC reported $179,476 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $10,433 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.13% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 40th-largest of 828 plans among Kansas employers on file, and the 156th of 2,677 in transportation & warehousing. In 2024, employees put in $1.11 for every $1.00 the employer contributed; active participation has grown from 890 to 1,158 since 2022.

Plan summary
Net assets, end of year$186,970,081
Participants with balances1,337
Active participants1,158
Employer contributions$12,080,876
Employee contributions$13,424,834
Employer contribution per active participant$10,433
Average account balance$139,843
Benefits paid to participants$20,522,432
Plan auditUnmodified (clean) audit opinion
AuditorNOVAK BIRKS PC
Plan history3
Yearassets · accounts · employer contribution
2024$187.0M · 1,337 accts · $12.1M emplr
2023$156.2M · 1,199 accts · $9.9M emplr
2022$128.4M · 1,036 accts · $7.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$102,177
Investment management$61,819
Audit (IQPA)$15,480
Total administrative$179,476
The Tallgrass Management LLC 401(k) match · 2024
Employer contribution per active participant$10,433
Median for plans this size$3,635
2024$10,433 per active participant
2023$9,675 per active participant
2022$8,819 per active participant

Tallgrass Management LLC's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$102,177
MARINER RETIREMENT ADVISORS LLC · Investment advisory (plan)$61,819
NOVAK BIRKS P.C · Accounting / audit$15,480

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$179,476 · 0.10%
2023$165,692 · 0.12%
2022$184,522 · 0.13%
Same employer
Similar plansTransportation & Warehousing · Kansas
Watco Companies, L.L.C. KS$187.8M · 0.23%
Shamrock Trading Corporation KS$122.1M · 0.09%
Accosys, Inc. KS$78.7M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800848992 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.