Edp Renewables North America LLC 401(k) Review & Grade
Edp Renewables North America LLC 401(k) Retirement Savings Plan
Houston, TXUtilities1,050 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,415Employer $ per active participant
$11,220Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$164.1MNet plan assets, end of year
$111,920Average balance per account
Score breakdown
- Employer generosity31.1 / 5062th percentile for employer $ per participant
- Low cost18.1 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving7.3 / 1549th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Utilities plans with 500–2,499 active participants (75 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 72th |
| Employee saving | 49th |
| Peers that auto-enroll | 76% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $42,338 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Edp Renewables North America put in about $7,415 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $7,789,498 |
| Participant (employee) contributions | $11,786,432 |
| Other contributions (incl. rollovers in) | $1,253,994 |
| Administrative expenses paid from the plan | $163,086 |
| Investment advisory & management fees | $68,179 |
| Benefits paid out | $18,924,371 |
| Net assets, start / end of year | $139.8M / $164.1M |
| Active participants, start / end of year | 1,054 / 1,047 |
| Participants with account balances | 1,466 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pannell Kerr Forster of Texas, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $94,907 reported compensation |
| Strategic Advisors, Inc. | $68,179 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015120259NAL0002258579001, received 2025-10-15, EIN 26-0860404, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.