Plan Ledger DOL Form 5500 · updated monthly

La Plata Electric Association, Inc.401(k)

LA PLATA ELECTRIC ASSOCIATION, INC. RETIREMENT SAVINGS PLAN · DURANGO, CO · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

La Plata Electric Association, Inc. reported $106,119 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $12,472 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 rose from 0.27% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other utilities employers. By assets it is the 305th-largest of 1,461 plans among Colorado employers on file, and the 206th of 412 in utilities. In 2024, employees put in $1.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$38,776,600
Participants with balances159
Active participants121
Employer contributions$1,509,100
Employee contributions$1,597,884
Employer contribution per active participant$12,472
Average account balance$243,878
Benefits paid to participants$3,316,808
Plan auditUnmodified (clean) audit opinion
AuditorJACKSON THORNTON & CO, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$38.8M · 159 accts · $1.5M emplr
2023$35.3M · 159 accts · $1.4M emplr
2022$29.6M · 157 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,280
Investment management$104,839
Total administrative$106,119
The La Plata Electric Association, Inc. 401(k) match · 2024
Employer contribution per active participant$12,472
Median for plans this size$2,416
2024$12,472 per active participant
2023$11,581 per active participant
2022$11,517 per active participant

La Plata Electric Association, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$106,119
CHARLES SCHWAB & CO., INC. · Securities brokerage$554

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$106,119 · 0.29%
2023$88,455 · 0.27%
2022$88,814 · 0.27%
Same employer
Similar plansUtilities · Colorado
Core Electric Cooperative CO$39.7M · 0.02%
United Power, Inc. CO$34.1M · 0.25%
Arcadia Power CO$19.4M · 0.22%
City Light & Power, Inc. CO$16.8M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 840248168 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.