Plan Ledger DOL Form 5500 · updated monthly

Veolia North America, LLC401(k)

VEOLIA NORTH AMERICA 401(K) SAVINGS PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Veolia North America, LLC reported $737,924 in plan administrative expenses for 2024: 0.07% of average plan assets, above the peer median. Employer contributions averaged $3,960 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 0.06% to 0.07%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other utilities employers. By assets it is the 56th-largest of 2,726 plans among Massachusetts employers on file, and the 42nd of 412 in utilities. In 2024, employees put in $1.83 for every $1.00 the employer contributed; active participation has grown from 5,906 to 7,090 since 2022.

Plan summary
Net assets, end of year$1,047,845,432
Participants with balances9,302
Active participants7,090
Employer contributions$28,073,205
Employee contributions$51,264,906
Employer contribution per active participant$3,960
Average account balance$112,647
Benefits paid to participants$103,872,065
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.0B · 9,302 accts · $28.1M emplr
2023$929.6M · 8,626 accts · $26.3M emplr
2022$800.9M · 8,234 accts · $23.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$250,422
Investment management$455,701
Audit (IQPA)$31,801
Total administrative$737,924
The Veolia North America, LLC 401(k) match · 2024
Employer contribution per active participant$3,960
Median for plans this size$4,294
2024$3,960 per active participant
2023$4,035 per active participant
2022$3,958 per active participant

Veolia North America, LLC's 2024 employer contribution ran below the $4,294 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 · 20243
STRATEGIC ADVISORS, INC. · Investment advisory (participants)$455,701
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$250,896
KATZ SAPPER AND MILLER LLP · Accounting / audit$31,801

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$737,924 · 0.07%
2023$516,804 · 0.06%
2022$563,149 · 0.06%
Same employer
Similar plansUtilities · Massachusetts
Iso New England Inc. MA$321.3M · 0.06%
Vicinity Energy, LLC MA$99.4M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262756568 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.