Plan Ledger DOL Form 5500 · updated monthly

Energy Recovery, Inc.401(k)

ENERGY RECOVERY, INC. 401(K) PLAN · SAN LEANDRO, CA · plan year 2024

Reported admin expense ratio · 2024
0.46%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Energy Recovery, Inc. reported $118,095 in plan administrative expenses for 2024: 0.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,394 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.46%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,816th-largest of 9,483 plans among California employers on file, and the 4,709th of 13,661 in manufacturing. In 2024, employees put in $3.40 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,185,302
Participants with balances297
Active participants224
Employer contributions$760,327
Employee contributions$2,583,835
Employer contribution per active participant$3,394
Average account balance$94,900
Benefits paid to participants$1,936,163
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.2M · 297 accts · $760K emplr
2023$22.8M · 316 accts · $648K emplr
2022$16.8M · 285 accts · $612K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,838
Investment management$78,257
Total administrative$118,095
The Energy Recovery, Inc. 401(k) match · 2024
Employer contribution per active participant$3,394
Median for plans this size$2,416
2024$3,394 per active participant
2023$2,733 per active participant
2022$2,673 per active participant

Energy Recovery, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
WORLD INVESTMENT ADVISORS LLC · Investment advisory (plan)$40,000
EMPOWER ADVISORY GROUP, LLC · Investment management$38,257

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$118,095 · 0.46%
2023$93,910 · 0.47%
2022$84,889 · 0.48%
Same employer
Similar plansManufacturing · California
Diamond Mfg CA$28.3M · 0.19%
Stats Chippac, Incorporated CA$28.3M · 0.02%
Thinkom Solutions, Inc. CA$28.1M · 0.24%
Kyocera Sld Laser, Inc. CA$28.1M · 0.13%
Baker Commodities, Inc. CA$27.9M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010616867 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.