Ohio Valley Electric Corporation 401(k) Review & Grade
Supplemental Pension & Savings Plan for Ees of Ohio Valley Electric Corp and Indiana-Kentucky Electric Corp
Piketon, OHUtilities525 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,952Employer $ per active participant
$11,586Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$150.0MNet plan assets, end of year
$236,153Average balance per account
Score breakdown
- Employer generosity17.6 / 5035th percentile for employer $ per participant
- Low cost23.8 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Utilities plans with 500–2,499 active participants (75 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 95th |
| Employee saving | 59th |
| Peers that auto-enroll | 76% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Ohio Valley Electric put in about $4,952 per active participant, below the typical peer ($6,264). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $2,600,012 |
| Participant (employee) contributions | $6,082,856 |
| Other contributions (incl. rollovers in) | $472,591 |
| Administrative expenses paid from the plan | $29,683 |
| Investment advisory & management fees | $34,436 |
| Benefits paid out | $15,529,794 |
| Net assets, start / end of year | $137.6M / $150.0M |
| Active participants, start / end of year | 511 / 539 |
| Participants with account balances | 635 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Sikich CPA LLC |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $34,436 reported compensation |
| Fidelity Investments Institutional | −$4,753 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014110138NAL0001256675001, received 2025-10-14, EIN 31-4392702, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.