Plan Ledger DOL Form 5500 · updated monthly

Western Electricity Coordinating Council401(k)

WESTERN ELECTRICITY COORDINATING COUNCIL 401(K) PLAN · SALT LAKE CITY, UT · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Western Electricity Coordinating Council reported $57,847 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $11,628 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 6 years on file its reported administrative ratio fell from 0.33% to 0.14%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other utilities employers. By assets it is the 158th-largest of 848 plans among Utah employers on file, and the 188th of 412 in utilities. In 2024, employees put in $1.01 for every $1.00 the employer contributed; active participation has grown from 137 to 169 since 2018.

Plan summary
Net assets, end of year$43,781,164
Participants with balances254
Active participants169
Employer contributions$1,965,075
Employee contributions$1,976,204
Employer contribution per active participant$11,628
Average account balance$172,367
Benefits paid to participants$5,787,568
Plan auditUnmodified (clean) audit opinion
Plan history5
Yearassets · accounts · employer contribution
2024$43.8M · 254 accts · $2.0M emplr
2023$38.5M · 239 accts · $1.7M emplr
2022$31.5M · 232 accts · $1.6M emplr
2019$30.7M · 195 accts · $1.3M emplr
2018$28.0M · 197 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,164
Investment management$18,000
Total administrative$57,847
The Western Electricity Coordinating Council 401(k) match · 2024
Employer contribution per active participant$11,628
Median for plans this size$2,416
2024$11,628 per active participant
2023$11,173 per active participant
2022$10,460 per active participant
2019$10,111 per active participant
2018$9,632 per active participant

Western Electricity Coordinating Council's 2024 employer contribution ran above the $2,416 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.

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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$32,735
LPL FINANCIAL LLC · Investment advisory (plan) · Investment management$25,113

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

Administrative cost history5
2024$57,847 · 0.14%
2023$52,093 · 0.15%
2022$55,035 · 0.14%
2019$92,738 · 0.32%
2018$93,195 · 0.33%
Same employer
Similar plansUtilities · Utah
Ecm Industries, LLC WI$48.0M · 0.25%
Texas Disposal Systems Inc. TX$44.6M · 0.38%
Quench USA, Inc PA$43.5M · 0.30%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 876133162 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.