Targa Resources 401(K) And Profit Sharing Plan — Form 5500 plan (Targa Resources LLC)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Targa Resources 401(K) And Profit Sharing Plan is a benefit plan reported by Targa Resources LLC under EIN 14-1904332 and plan number 001. The latest loaded filing year is 2023. The filing reports 3,290 participants and $520,464,231 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$520.5MPlan net assets, end of year$520,464,097
Participants3.3KCovered participants reported3,290
Assets / participant$158.2KComputed: assets ÷ participants$158,196 (computed)
Provider compensation$152.3K2 Schedule C provider row(s)$152,292
- Plan sponsor
- Targa Resources LLC
- EIN
- 14-1904332
- Plan number
- 001
- Plan type
- 2
- Location
- Houston, TX
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 3,290 | H, C | 20241011151634NAL0023071985001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$520.5M total assets
Net assets$520.5MLiabilities$134
Full reported line items
Net assets
- Total assets (EOY)
- $520,464,231
- Total liabilities (EOY)
- $134
- Net assets (EOY)
- $520,464,097
- Net assets (BOY)
- $410,885,845
Income & contributions
- Employer contributions
- $31,810,390
- Participant contributions
- $35,034,572
- Total contributions
- $75,847,768
- Total income / additions
- $154,242,685
Expenses & distributions
- Benefits paid
- $55,930,557
- Administrative expenses
- $147,899
- Total expenses
- $56,210,413
- Net increase / (decrease)
- $98,032,272
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
48%52%
Employer 48%Participant 52%
Total expenses ÷ net assets11%Computed ratio
Benefits paid ÷ total income36%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $91,133 | $0 | 2023 |
| Strategic Advisors, Inc. | ADVISOR | $61,159 | not reported in the loaded dataset | 2023 |