Plan Ledger DOL Form 5500 · updated monthly

Tucson Electric Power Company401(k)

TUCSON ELECTRIC POWER COMPANY 401K · TUCSON, AZ · plan year 2025

Reported admin expense ratio · 2025
0.06%

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

Tucson Electric Power Company reported $361,211 in plan administrative expenses for 2025: 0.06% of average plan assets, below the peer median. Employer contributions averaged $5,079 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 fell from 0.07% to 0.06%. The plan sits in the $250M–$1B size bracket, benchmarked here against 230 comparable plans and shown alongside other utilities employers. By assets it is the 28th-largest of 1,285 plans among Arizona employers on file, and the 60th of 412 in utilities. In 2025, employees put in $2.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$606,448,005
Participants with balances2,463
Active participants2,137
Employer contributions$10,853,185
Employee contributions$23,512,673
Employer contribution per active participant$5,079
Average account balance$246,223
Benefits paid to participants$48,024,186
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$606.4M · 2,463 accts · $10.9M emplr
2024$518.6M · 2,399 accts · $9.5M emplr
2023$443.0M · 2,352 accts · $8.7M emplr
2022$361.6M · 2,269 accts · $8.3M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$136,965
Investment management$224,246
Total administrative$361,211
The Tucson Electric Power Company 401(k) match · 2025
Employer contribution per active participant$5,079
Median for plans this size$4,295
2025$5,079 per active participant
2024$4,583 per active participant
2023$4,206 per active participant
2022$4,144 per active participant

Tucson Electric Power Company's 2025 employer contribution ran above the $4,295 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$224,246
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$141,645

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

Administrative cost history4
2025$361,211 · 0.06%
2024$293,680 · 0.06%
2023$263,791 · 0.07%
2022$287,023 · 0.07%
Same employer
Similar plansUtilities · Arizona
Talen Energy Supply, LLC TX$663.8M · 0.09%
Naes Corporation WA$643.7M · 0.10%
Essential Utilities, Inc. PA$623.5M · 0.15%
Ppl Services Corporation PA$617.8M · 0.00%
Allete, Inc. MN$605.7M · 0.10%
Engie Holdings Inc. TX$560.3M · 0.06%
Northwestern Corporation MT$512.8M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860062700 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.