Plan Snapshot
- Plan Sponsor: Targa Resources LLC
- Sponsor EIN: 141904332
- Sponsor Address: 811 LOUISIANA, HOUSTON, TX, 77002
- Plan Type: 401(k)
- Total Participants: 3,421
- Total Assets: $612.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,421 | $612.6M | $34.3M | $38.4M |
| 2023 | 3,181 | $520.5M | $31.8M | $35.0M |
| 2022 | 2,724 | $410.9M | $25.7M | $28.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $118,087 | — | $118,087 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $90,312 | — | $90,312 |
| WEAVER AND TIDWELL, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- WEAVER AND TIDWELL, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $208,399
- Estimated Expense Ratio: 0.034% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $203,397 | $118,087 | $2,700 | — | — |
| 2023 | $147,899 | $61,159 | $4,500 | — | — |
| 2022 | $200,622 | $19,291 | — | — | — |