Plan Ledger DOL Form 5500 · updated monthly

Idaho Power Company401(k) + ESOP (KSOP)

IDAHO POWER COMPANY EMPLOYEE SAVINGS PLAN · BOISE, ID · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Idaho Power Company reported $191,776 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,856 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 2 years on file its reported administrative ratio fell from 0.03% to 0.02%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other utilities employers. By assets it is the 6th-largest of 349 plans among Idaho employers on file, and the 48th of 412 in utilities. In 2024, employees put in $2.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$889,896,808
Participants with balances2,773
Active participants2,145
Employer contributions$10,416,114
Employee contributions$30,583,292
Employer contribution per active participant$4,856
Average account balance$320,915
Benefits paid to participants$61,680,222
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$889.9M · 2,773 accts · $10.4M emplr
2023$794.5M · 2,749 accts · $9.7M emplr
2022$693.7M · 2,709 accts · $8.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$191,776
Total administrative$191,776
The Idaho Power Company 401(k) match · 2024
Employer contribution per active participant$4,856
Median for plans this size$4,294
2024$4,856 per active participant
2023$4,542 per active participant
2022$4,175 per active participant

Idaho Power Company's 2024 employer contribution ran above the $4,294 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 · 20242
T ROWE PRICE RPS INC · Recordkeeping · Trustee$192,718
CHARLES SCHWAB & CO., INC. · Securities brokerage$680

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$191,776 · 0.02%
2023$188,596 · 0.03%
2022$196,357 · 0.03%
Same employer
Similar plansUtilities · Idaho
Lg&E and Ku Energy LLC KY$1.0B · 0.01%
Covanta Projects, LLC NJ$947.7M · 0.10%
Black Hills Corporation SD$933.7M · 0.02%
Pnm Resources, Inc. NM$896.7M · 0.07%
The Aes Corporation VA$854.6M · 0.05%
Avista Corporation WA$843.5M · 0.10%
Spire Services Inc. MO$777.0M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 820130980 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.