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Thompsongas 401(k): company match and investment options

Does your 401(k) vote the way you would? $32m of the $40m in the Thompsongas plan votes in secret. Fidelity 500 Index Fund, the most common fund in the plans we track, publishes every vote: answer 3 of its ballots, then see your result.

The question on the ballot

As filed

Thompsongas 401(k) match and balances, from the filing

Company money in
about $1,780 per active participant
$2m in plan year 2024
Employees saved
about $4,330 each
$6m in plan year 2024
Average balance
$28,500
1,410 people with a balance
In the plan
$40m
at the end of plan year 2024

Company money is the match plus any other employer contributions, averaged over all 1,370 active participants, including anyone who did not contribute. The filing reports dollars, not the match formula; the plan’s summary plan description states the formula.

1,410 people have a balance in the Thompsongas 401(k), and it holds $40m. Of the $39m whose vehicle the plan reports, 82.2% sits in funds that publish no record of how they voted your shares — collective trusts and separate accounts, which unlike a mutual fund file no Form N-PX and leave no public trace of a single vote.

SourceThe plan’s own annual report to the Department of Labor — Form 5500, Schedule H, plan year 2024 · filed by THOMPSONGAS, LLC as “THOMPSONGAS LLC 401(K) PLAN” · EIN 475059833, plan number 002 · search the filings

What the plan holdsVoting recordValue
Common/collective trusts NONE $31m
Registered funds (mutual funds and ETFs) PUBLISHED $7m
Participant loans No shares to vote $1m
Pooled separate accounts NONE $610,329

Every asset class the plan itemised on Schedule H, straight from the filing. These are categories, not fund names: Schedule H asks what KIND of vehicle the money is in, never which one, which is why no fund is named on this page.

Why there is no list of Thompsongas’s funds anywhere

Some employers file a Form 11-K with the SEC each year, and it contains a schedule naming every investment in the 401(k), fund by fund. Thompsongas does not file one, and that is not an oversight: a plan only has to file an 11-K when interests in it are registered securities, which in practice means the 401(k) offers a company stock fund. Plans that pay equity as RSUs outside the plan, as most large technology employers do, never trigger the requirement.

So the only public account of this plan is the Form 5500 above, which reports what categories the money sits in and never which funds. That is the whole reason this page can tell you 82.2% of the identified money votes in secret and cannot tell you which manager cast those votes.

Why the secrecy, and what you can do

A mutual fund has to file Form N-PX every year listing every vote it cast on your behalf. A collective investment trust does not. It is a bank-run vehicle sold only inside retirement plans, it is cheaper, and it is now where most 401(k) default money sits — including most target-date funds, which is where savers who never chose anything are put.

Check whether your plan offers any registered mutual fund as an alternative — those publish their records, and you can read them here. If it does not, the menu itself is the thing that has to change, and that is a decision made by the plan’s fiduciary committee, not by you alone.

See how funds that do publish voted →

CoverageThe plan reports the vehicle for 99% of its assets.

Other employer plans

The largest employer plans on the site, and a few more. Each page shows what the plan’s funds did with the shares its savers paid for.

Microsoft 401(k)$64.92bn in the planBank of America 401(k)248,103 savers · $62.90bnJPMorgan Chase 401(k)297,359 savers · $52.91bnGoogle 401(k)154,637 savers · $48.74bnWells Fargo 401(k)$43.80bn in the planAmazon 401(k)943,213 savers · $34.59bnInternational Business Machines 401(k)$28.25bn in the planIntel 401(k)$26.91bn in the planPayless 401(k)1,363 savers · $66mHealth Management Associates 401(k)1,168 savers · $224mNextep 401(k)9,824 savers · $566mBritish American Tobacco p.l.c. 401(k)$2.26bn in the planBristol Myers Squibb 401(k)$71m in the planDaifuku North America 401(k)3,091 savers · $234m