Plan Ledger DOL Form 5500 · updated monthly

North Alamo Water Supply Corporation401(k)

NORTH ALAMO WATER SUPPLY CORPORATION EMPLOYEES' 401(K) PROFIT SHARING PLAN AND TRUST · EDINBURG, TX · plan year 2024

Reported admin expense ratio · 2024
1.09%

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

North Alamo Water Supply Corporation reported $50,091 in plan administrative expenses for 2024: 1.09% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,896 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 1.03% to 1.09%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other utilities employers. By assets it is among the smaller plans on file in Texas (4,082nd of 5,688), and 373rd of 412 in utilities. In 2024, the employer put in $1.57 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$4,916,015
Participants with balances127
Active participants97
Employer contributions$280,914
Employee contributions$178,690
Employer contribution per active participant$2,896
Average account balance$38,709
Benefits paid to participants$312,866
Plan auditUnmodified (clean) audit opinion
AuditorBURTON MCCUMBER & LONGORIA, LLP.
Plan history3
Yearassets · accounts · employer contribution
2024$4.9M · 127 accts · $281K emplr
2023$4.3M · 120 accts · $244K emplr
2022$3.5M · 116 accts · $237K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,091
Total administrative$50,091
The North Alamo Water Supply Corporation 401(k) match · 2024
Employer contribution per active participant$2,896
Median for plans this size$1,313
2024$2,896 per active participant
2023$2,547 per active participant
2022$2,442 per active participant

North Alamo Water Supply Corporation's 2024 employer contribution ran above the $1,313 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$49,761
WILSHIRE ADVISORS LLC · Investment advisory (plan)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$50,091 · 1.09%
2023$42,457 · 1.09%
2022$40,125 · 1.03%
Same employer
Similar plansUtilities · Texas
Catalyze, LLC TX$6.4M · 0.43%
Biourja Renewables, LLC TX$5.2M · 1.06%
Waterfleet, LLC TX$4.7M · 1.39%
Xri Services Co., LLC TX$4.5M · 0.33%
Axis Power LLC TX$3.3M · 1.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741595319 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.