Epcor USA, Inc. 401(k) Review & Grade
Epcor USA Inc. 401(k) Savings Plan
Phoenix, AZUtilities585 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,046Employer $ per active participant
$6,619Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$57.7MNet plan assets, end of year
$85,649Average balance per account
Score breakdown
- Employer generosity27.7 / 5055th percentile for employer $ per participant
- Low cost9.5 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving2.2 / 1515th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Utilities plans with 500–2,499 active participants (75 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 38th |
| Employee saving | 15th |
| Peers that auto-enroll | 76% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,294 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Epcor USA put in about $7,046 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.
- 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 | $4,122,032 |
| Participant (employee) contributions | $3,872,087 |
| Other contributions (incl. rollovers in) | $470,716 |
| Administrative expenses paid from the plan | $171,475 |
| Contract administrator fees | $171,475 |
| Benefits paid out | $5,066,278 |
| Net assets, start / end of year | $48.5M / $57.7M |
| Active participants, start / end of year | 558 / 612 |
| Participants with account balances | 674 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $171,475 reported compensation |
| Mercer Investment Management | $20,000 reported compensation |
| Cbiz Cpas P.C. | $17,490 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251011140534NAL0020600514001, received 2025-10-11, EIN 46-0525312, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.