American Water Resources LLC, DBA Oncourse Home Solutions 401(k) Review & Grade
Oncourse Home Solutions 401(k) Plan
Naperville, ILUtilities600 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,475Employer $ per active participant
$6,651Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$40.2MNet plan assets, end of year
$45,686Average balance per account
Score breakdown
- Employer generosity32.4 / 5065th percentile for employer $ per participant
- Low cost8.4 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Utilities plans with 500–2,499 active participants (75 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 34th |
| Employee saving | 16th |
| Peers that auto-enroll | 76% |
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Red flags from the filing
Corrective distributions: the plan refunded $37,317 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- American Water Resources LLC, DBA Oncourse Home Solutions put in about $7,475 per active participant, more than the typical peer ($6,264). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.37% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $4,481,286 |
| Participant (employee) contributions | $3,987,248 |
| Other contributions (incl. rollovers in) | $2,120,700 |
| Administrative expenses paid from the plan | $128,323 |
| Investment advisory & management fees | $128,323 |
| Benefits paid out | $5,095,368 |
| Net assets, start / end of year | $30.0M / $40.2M |
| Active participants, start / end of year | 575 / 624 |
| Participants with account balances | 880 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Warady & Davis LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $117,811 reported compensation |
| Edelman Financial Holdings III | $56,978 reported compensation |
| Empower Advisory Group, LLC | $12,938 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260204153348NAL0003668065001, received 2026-02-04, EIN 54-0912221, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.