Plan Ledger DOL Form 5500 · updated monthly

Matanuska Electric Association Inc401(k)

MATANUSKA ELECTRIC ASSOCIATION, INC. 401(K) PLAN · PALMER, AK · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Matanuska Electric Association Inc reported $4,122 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,050 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 0.020%. 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 74th-largest of 160 plans among Alaska employers on file, and 258th of 412 in utilities. In 2024, employees put in $3.82 for every $1.00 the employer contributed; active participation has grown from 124 to 137 since 2022.

Plan summary
Net assets, end of year$22,080,937
Participants with balances152
Active participants137
Employer contributions$280,862
Employee contributions$1,072,511
Employer contribution per active participant$2,050
Average account balance$145,269
Benefits paid to participants$933,643
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.1M · 152 accts · $281K emplr
2023$18.8M · 147 accts · $257K emplr
2022$16.0M · 144 accts · $222K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,104
Investment management$3,018
Total administrative$4,122
The Matanuska Electric Association Inc 401(k) match · 2024
Employer contribution per active participant$2,050
Median for plans this size$2,416
2024$2,050 per active participant
2023$2,026 per active participant
2022$1,787 per active participant

Matanuska Electric Association Inc's 2024 employer contribution ran below 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,104

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$4,122 · 0.02%
2023$4,144 · 0.02%
2022$3,304 · 0.02%
Similar plansUtilities · Alaska
Doyon Utilities, LLC AK$73.1M · 0.01%
Rgc Resources, Inc. VA$23.0M · 0.15%
Hearthstone Utilities Inc. IL$22.6M · 0.48%
Strata Solar, LLC NC$22.6M · 0.55%
Dukes Root Control, Inc. IL$22.6M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 920007954 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.