401(k) · DOL Form 5500 · 2023

Targa Resources LLC 401(k) Plan

Data updated 2026-08-11

$520M
Total assets
2,724
Participants
97th
Percentile by assets
$191,066
Avg per participant
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Official DOL plan name: Targa Resources 401(k) and Profit Sharing Plan · Sponsored by Targa Resources LLC · Texas · Transportation & Warehousing

$520M in assets, 2,724 participants

Targa Resources LLC's Targa Resources 401(k) and Profit Sharing Plan reported $520M in total assets and 2,724 participants in its 2023 DOL Form 5500 filing, ranking in the 97th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 97th percentile by assets (of 127,072 plans)
  • #3,236 in Transportation & Warehousing (3,362 peers)

Coverage in Texas

Targa Resources 401(k) and Profit Sharing Plan covers 2,724 participants in Texas, 4.0x the typical Texas plan (state average ~688 per filing). Assets: $520M.

$520M
total plan assets (2023 EOY)
2,724
covered participants
97th
percentile by assets (of 127,072 plans)
$191,066
avg assets per participant

Participants vs Texas filers

In Texas, the average filing covers about 688 participants across 10,116 plans. Targa Resources 401(k) and Profit Sharing Plan reports 2,724 participants - 4.0x that state average ($520M EOY assets).

Texas filing particulars

Total Assets (Beginning of Year)$411M
Net Assets (End of Year)$520M
Net Income$98M
Employer EIN141904332
Plan Effective Date2004-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Targa Resources LLC)

$500M$550M$600M$650M 20232024 $520M $613M ▲ +17.7%
Total plan assets by year, all Targa Resources LLC plans on file
Year Plans Participants Total Assets
2023 1 2,724 $520M
2024 1 3,181 $613M

Nearby 401(k) Plans in Texas

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Targa Resources 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in Texas, assets vs. participants

Targa Resources 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Targa Resources 401(…AT&T Retirement Savi…Exxonmobil Savings P…Caterpillar 401(k) S…American Airlines, I…Dell Inc. 401(k) Plan
Targa Resources 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in Texas, assets vs. participants

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Targa Resources 401(k) and Profit Sharing Plan by total assets, not by location.

Frequently Asked Questions

How did Targa Resources 401(k) and Profit Sharing Plan assets move in 2023?
Targa Resources 401(k) and Profit Sharing Plan grew sharply - up 26.7% during 2023, from $411M to $520M. Reported net income was $98M.
How have Targa Resources LLC plan assets changed over time?
Across 2 plan years on file (2023-2024), Targa Resources LLC's sponsor-wide assets grew 17.7%, from $520M to $613M.
Where does Targa Resources 401(k) and Profit Sharing Plan rank by assets among Form 5500 filers?
Targa Resources 401(k) and Profit Sharing Plan ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Targa Resources 401(k) and Profit Sharing Plan?
Among 401(k) plans in other states, the closest by assets is Sheet Metal Local 10 Supplemental Retirement Fund in MN ($520M, 4,254 participants).

Next read for Targa Resources 401(k) and Profit Sharin…

Filing takeaways

Ways to act on Targa Resources 401(k) and Profit Sharing Plan's numbers.