Watt Services, Inc.401(k)
WATT COMPANIES, INC. 401(K) PLAN · SANTA MONICA, CA · plan year 2022
Watt Services, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $16,762,863 across 98 participant accounts, with employer contributions averaging $4,434 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 4,095th-largest of 9,483 plans among California employers on file, and the 781st of 2,096 in real estate & leasing. In 2022, employees put in $3.99 for every $1.00 the employer contributed.
Watt Services, Inc.'s 2022 employer contribution ran above the $2,266 median for plans its size, placing it in the top 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 954022241 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.