Kentucky › Transportation and warehousing › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
Texas Gas Retirement Plan
Sponsored by Texas Gas Transmission, LLC, Owensboro, KY
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2025, Texas Gas Retirement Plan covered 270 participants and held $85.3M in net assets. The plan is a cash balance pension plan sponsored by Texas Gas Transmission, LLC of Owensboro, Kentucky.
Net assets came to $285,492 per participant in plan year 2024, well above the $87,254 median for defined benefit plans with 250 to 499 participants and well above the $94,853 median for defined benefit plans in transportation and warehousing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $3.1M for the year ($25,073 per active participant) and benefits paid were $14.1M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 4 service provider organisations paid $5,000 or more, with reported compensation of $425K: $1,572 per participant, well above the same-size median of $413. Administrative expenses charged to the plan were $461K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $99.5M in 2009 to $85.3M in 2025 (down 14%), and participants from 933 to 270 (down 71%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $285,492 | $87,254 | $94,853 | $86,221 |
| Employer contributions per active participant | $21,366 | $11,032 | $12,821 | $10,244 |
| Schedule C compensation per participant | $1,595 | $413 | $425 | $344 |
| Schedule C compensation, share of net assets | 0.56% | 0.51% | 0.43% | 0.42% |
| Administrative expenses per participant | $1,707 | $596 | $650 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 participants (873 plans), transportation and warehousing (227) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2025 | 270 | $85.3M | $316,078 | $3.1M | — | $425K |
| 2024 | 303 | $86.5M | $285,492 | $3.1M | — | $483K |
| 2023 | 328 | $85.5M | $260,680 | $3.3M | — | $439K |
| 2022 | 361 | $81.3M | $225,105 | $3.8M | — | $546K |
| 2021 | 404 | $108M | $267,498 | $5.8M | — | $0 |
| 2020 | 454 | $107M | $234,996 | $4.0M | — | $0 |
| 2019 | 503 | $105M | $209,266 | $4.4M | — | $0 |
| 2018 | 553 | $104M | $188,197 | $3.8M | — | $0 |
| 2017 | 612 | $122M | $199,126 | $3.0M | — | $0 |
| 2016 | 651 | $119M | $182,332 | $3.0M | — | $0 |
| 2015 | 707 | $123M | $173,936 | $3.0M | — | $238K |
| 2014 | 754 | $134M | $177,261 | $3.0M | — | $266K |
| 2013 | 803 | $134M | $166,638 | $3.0M | — | $356K |
| 2012 | 846 | $129M | $152,047 | $3.0M | — | $348K |
| 2011 | 880 | $120M | $136,766 | $11.3M | — | $265K |
| 2010 | 904 | $111M | $122,395 | $5.2M | — | $388K |
| 2009 | 933 | $99.5M | $106,680 | $9.2M | — | $416K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$86,504,103
- Employer contributions$3,134,103
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$3,134,103
- Total income, including investment results$13,363,998
- Benefits paid$14,065,691
- Administrative expenses$461,120
- Total expenses$14,526,811
- Net income−$1,162,813
- Net transfers$0
- Net assets, end of year$85,341,290
Participants
- Active participants125
- Retired or separated, receiving benefits35
- Retired or separated, entitled to future benefits92
- Total participants, end of year270
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Gallagher | Actuarial; Recordkeeping and information management | $211,396 | $0 |
| Stegner Investment Associates | Investment advisory (plan) | $100,000 | $0 |
| The Northern Trust Company | Contract Administrator; Investment management | $79,625 | $0 |
| Dean Dorton Allen Ford, PLLC | Accounting (including auditing) | $33,532 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Actuarial fees$211,396
- Investment advisory and management fees$100,000
- Trustee and custodial fees$79,625
- IQPA audit fees$33,532
- Other trustee fees and expenses$32,224
- Legal fees$4,343
- Total administrative expenses$461,120
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$83.0M · 97.1%
- Receivables$2.5M · 2.9%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmDean Dorton Allen Ford, PLLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $10,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1CCash balance or similar plan1ECode section 401(h) arrangement3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 486000: Pipeline Transportation.
Similar plans in Kentucky
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Southern Star Retirement Plan (Non-Union) | Southern Star Central Gas Pipeline, Inc. | 315 | $54.1M | $171,648 |
| Southern Star Retirement Plan (Union) | Southern Star Central Gas Pipeline, Inc. | 144 | $13.1M | $91,031 |
| Crounse Corporation Marine & Maintenance Employees' Pension Plan | Crounse Corporation | 539 | $34.8M | $64,636 |
Defined benefit plans in transportation and warehousing closest in size.
Questions and answers
How big is Texas Gas Retirement Plan?
270 participants at the end of the plan year ending 31 Dec 2025, of whom 125 were active employees, with net assets of $85,341,290. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Texas Gas Transmission, LLC contribute per participant?
The filing reports $3,134,103 in employer contributions for the year, which is $25,073 per active participant; the median for plans of the same type and size was $11,032 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $424,553 in compensation to service provider organisations, $1,572 per participant or 0.50% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $461,120. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Texas Gas Transmission, LLC. Recordkeeping or administration: Gallagher and The Northern Trust Company. Investment advisory or management: Stegner Investment Associates and The Northern Trust Company. The financial statements were audited by Dean Dorton Allen Ford, PLLC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2025 to 31 Dec 2025, received by the Department of Labor on 31 Jul 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 61-0405152, plan 001, received 31 Jul 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.