Plan Ledger DOL Form 5500 · updated monthly

National Rural Electric Cooperative Association401(k)

401(K) PENSION PLAN · ARLINGTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

National Rural Electric Cooperative Association reported $47,332,687 in plan administrative expenses for 2024: 0.30% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,449 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 0.30%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other utilities employers. By assets it is the 2nd-largest of 2,266 plans among Virginia employers on file, and the 1st of 412 in utilities. In 2024, employees put in $1.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,717,296,057
Participants with balances79,674
Active participants61,593
Employer contributions$274,033,905
Employee contributions$482,064,975
Employer contribution per active participant$4,449
Average account balance$209,821
Benefits paid to participants$1,053,094,927
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.7B · 79,674 accts · $274.0M emplr
2023$14.9B · 77,706 accts · $249.9M emplr
2022$12.9B · 76,625 accts · $227.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,188,572
Investment management$13,971,604
Audit (IQPA)$75,640
Trustee / custodial$290,171
Total administrative$47,332,687
The National Rural Electric Cooperative Association 401(k) match · 2024
Employer contribution per active participant$4,449
Median for plans this size$5,259
2024$4,449 per active participant
2023$4,151 per active participant
2022$3,794 per active participant

National Rural Electric Cooperative Association's 2024 employer contribution ran below the $5,259 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 · 202412
NRECA · Plan administrator · Recordkeeping$26,188,572
T ROWE PRICE ASSOCIATES INC · Investment management$5,055,832
BLACKROCK INSTITUTIONAL TRUST CO · Trustee · Trustee (discretionary)$3,217,495
VOYA INSTITUTIONAL PLAN SERVICES · Consulting$1,843,033
BLACKROCK FINANCIAL MANAGEMENT INC · Investment management$1,597,342
JACOBS LEVY EQUITY MANAGEMENT INC · Investment management$1,139,434
DECISIONPATH CONSULTING · Consulting$908,992
LOCKTON COMPANIES · Insurance broker$869,500
CAPITAL INTERNATIONAL INC · Investment management$819,264
LSV ASSET MANAGEMENT · Investment management$733,243
PACIFIC INVESTMENT MANAGEMENT CO · Investment management$675,498
OPTOMI LLC · Consulting$524,002

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

Recordkeeper by year2
2024NRECA
2023NRECA

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

Administrative cost history3
2024$47,332,687 · 0.30%
2023$43,513,362 · 0.31%
2022$40,454,465 · 0.29%
Same employer
Similar plansUtilities · Virginia
Duke Energy Corporation NC$11.3B · 0.05%
Dominion Energy, Inc. VA$4.9B · 0.06%
The Aes Corporation VA$854.6M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 530116145 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.