Plan Ledger DOL Form 5500 · updated monthly

V3 Electric Inc.401(k)

V3 ELECTRIC 401(K) PLAN · EL DORADO HILLS, CA · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

V3 Electric Inc. reported $8,427 in plan administrative expenses for 2024: 0.58% of average plan assets, above the peer median. Employer contributions averaged $186 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 0.52% to 0.58%. 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 California (8,416th of 9,483), and 399th of 412 in utilities. In 2024, employees put in $6.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,760,548
Participants with balances157
Active participants366
Employer contributions$68,015
Employee contributions$431,658
Employer contribution per active participant$186
Average account balance$11,214
Benefits paid to participants$102,051
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$1.8M · 157 accts · $68K emplr
2022$615K · 90 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,427
Total administrative$8,427
The V3 Electric Inc. 401(k) match · 2024
Employer contribution per active participant$186
Median for plans this size$1,313

V3 Electric Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20241
THE VANGUARD GROUP, INC. · Recordkeeping$8,427

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

Administrative cost history2
2024$8,427 · 0.58%
2022$3,055 · 0.52%
Same employer
Similar plansUtilities · California
Powur Pbc CA$3.1M · 0.35%
Mdm Services Corporation CA$1.8M · 0.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471628374 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.