Plan Ledger DOL Form 5500 · updated monthly

Golden State Water Company401(k)

GOLDEN STATE WATER COMPANY INVESTMENT INCENTIVE PROGRAM · SAN DIMAS, CA · plan year 2023

Reported admin expense ratio · 2023
0.20%

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

Golden State Water Company reported $394,795 in plan administrative expenses for 2023: 0.20% of average plan assets, above the peer median. Employer contributions averaged $6,863 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 1 year on file its reported administrative ratio rose from 0.19% to 0.20%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other utilities employers. By assets it is the 551st-largest of 9,483 plans among California employers on file, and the 99th of 412 in utilities. In 2023, employees put in $1.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$209,677,429
Participants with balances1,241
Active participants834
Employer contributions$5,723,587
Employee contributions$7,119,011
Employer contribution per active participant$6,863
Average account balance$168,958
Benefits paid to participants$19,671,301
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$209.7M · 1,241 accts · $5.7M emplr
2022$191.6M · 1,189 accts · $5.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$153,820
Investment management$185,871
Audit (IQPA)$55,104
Total administrative$394,795
The Golden State Water Company 401(k) match · 2023
Employer contribution per active participant$6,863
Median for plans this size$3,659
2023$6,863 per active participant
2022$6,396 per active participant

Golden State Water Company's 2023 employer contribution ran above the $3,659 median for plans its size, placing it in the top quarter of its peers. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
JOHN HANCOCK · Recordkeeping · Loan processing$174,752
MERCER INVESTMENT MANAGEMENT · Investment advisory (plan)$164,182
BDO USA, LLP · Accounting / audit$55,104

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

Administrative cost history2
2023$394,795 · 0.20%
2022$340,692 · 0.19%
Same employer
Similar plansUtilities · California
Edf Renewables CA$222.9M · 0.13%
Clearway Energy Group LLC CA$151.2M · 0.13%
San Jose Water Company CA$135.3M · 0.04%
Edf Renewables CA$123.2M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 951243678 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.