Plan Ledger DOL Form 5500 · updated monthly

San Jose Water Company401(k)

SAN JOSE WATER COMPANY SALARY DEFERRAL PLAN · SAN JOSE, CA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

San Jose Water Company reported $45,225 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,206 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 0.02% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other utilities employers. By assets it is the 782nd-largest of 9,483 plans among California employers on file, and the 117th of 412 in utilities. In 2024, employees put in $2.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$135,283,569
Participants with balances540
Active participants424
Employer contributions$2,207,320
Employee contributions$4,747,171
Employer contribution per active participant$5,206
Average account balance$250,525
Benefits paid to participants$11,630,189
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$135.3M · 540 accts · $2.2M emplr
2023$122.8M · 517 accts · $2.1M emplr
2022$110.4M · 496 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Investment management$45,225
Total administrative$45,225
The San Jose Water Company 401(k) match · 2024
Employer contribution per active participant$5,206
Median for plans this size$3,635
2024$5,206 per active participant
2023$4,905 per active participant
2022$4,796 per active participant

San Jose Water Company's 2024 employer contribution ran above the $3,635 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
VANGUARD GROUP INC. · Recordkeeping · Loan processing$42,107

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$45,225 · 0.04%
2023$65,165 · 0.06%
2022$17,838 · 0.02%
Same employer
Similar plansUtilities · California
Edf Renewables CA$222.9M · 0.13%
Golden State Water Company CA$209.7M · 0.20%
Clearway Energy Group LLC CA$151.2M · 0.13%
Edf Renewables CA$123.2M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 940838465 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.