Plan Ledger DOL Form 5500 · updated monthly

Salt River Valley Water Users Association401(k)

SALT RIVER PROJECT EMPLOYEES' 401(K) PLAN · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Salt River Valley Water Users Association reported $779,256 in plan administrative expenses for 2024: 0.06% of average plan assets, above the peer median. Employer contributions averaged $5,188 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 fell from 0.12% to 0.06%. 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 13th-largest of 1,285 plans among Arizona employers on file, and the 36th of 412 in utilities. In 2024, employees put in $1.95 for every $1.00 the employer contributed; active participation has grown from 5,473 to 6,108 since 2022.

Plan summary
Net assets, end of year$1,325,858,448
Participants with balances6,539
Active participants6,108
Employer contributions$31,688,815
Employee contributions$61,880,305
Employer contribution per active participant$5,188
Average account balance$202,762
Benefits paid to participants$109,844,213
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.3B · 6,539 accts · $31.7M emplr
2023$1.2B · 6,131 accts · $28.3M emplr
2022$1.0B · 5,865 accts · $24.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,670
Investment management$767,586
Total administrative$779,256
The Salt River Valley Water Users Association 401(k) match · 2024
Employer contribution per active participant$5,188
Median for plans this size$5,259
2024$5,188 per active participant
2023$4,949 per active participant
2022$4,526 per active participant

Salt River Valley Water Users 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 · 20242
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping · Loan processing$11,670
EMPOWER ADVISORY GROUP, LLC · Investment management$771,342

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

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024$779,256 · 0.06%
2023$811,358 · 0.07%
2022$1,274,622 · 0.12%
Same employer
Similar plansUtilities · Arizona
Evergy, Inc. MO$1.7B · 0.08%
Puget Sound Energy, Inc. WA$1.3B · 0.01%
Mdu Resources Group, Inc. ND$1.3B · 0.03%
Atmos Energy Corporation TX$1.1B · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860053220 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.