Plan Ledger DOL Form 5500 · updated monthly

Liberty Utilities Service Corp.401(k)

LIBERTY UTILITIES NATIONAL 401(K) PLAN · LITCHFIELD PARK, AZ · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Liberty Utilities Service Corp. reported $514,979 in plan administrative expenses for 2024: 0.12% of average plan assets, above the peer median. Employer contributions averaged $4,729 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 0.09% to 0.12%. 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 37th-largest of 1,285 plans among Arizona employers on file, and the 72nd of 412 in utilities. In 2024, employees put in $1.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$442,218,162
Participants with balances2,569
Active participants2,462
Employer contributions$11,643,159
Employee contributions$21,896,612
Employer contribution per active participant$4,729
Average account balance$172,136
Benefits paid to participants$38,773,588
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$442.2M · 2,569 accts · $11.6M emplr
2023$395.6M · 2,546 accts · $11.4M emplr
2022$335.6M · 2,478 accts · $9.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$514,979
Total administrative$514,979
The Liberty Utilities Service Corp. 401(k) match · 2024
Employer contribution per active participant$4,729
Median for plans this size$4,294
2024$4,729 per active participant
2023$4,581 per active participant
2022$3,731 per active participant

Liberty Utilities Service Corp.'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 · 20244
VOYA RETIREMENT ADVISORS, LLC. · Investment advisory (participants)$222,850
ACTUARIAL CONSULTING SERVICES · Other servicesindirect comp
OSAIC WEALTH, INCindirect comp
VOYA RETIREMENT INSURANCE AND ANNUI · Investment advisory (participants)indirect comp

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$514,979 · 0.12%
2023$415,009 · 0.11%
2022$337,092 · 0.09%
Similar plansUtilities · Arizona
Epcor USA, Inc. AZ$57.7M · 0.32%
Arizona Water Co. AZ$49.9M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 331224978 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.