Pedernales Electric Cooperative, Inc. 401(k) Review & Grade
Pedernales Electric Cooperative Inc. Employees 401(k) Savings Plan
Johnson City, TXWholesale Trade966 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$10,332Employer $ per active participant
$8,761Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$198.6MNet plan assets, end of year
$163,609Average balance per account
Score breakdown
- Employer generosity49.2 / 5098th percentile for employer $ per participant
- Low cost16.6 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score82 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 67th |
| Employee saving | 90th |
| Peers that auto-enroll | 53% |
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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
- Pedernales Electric Cooperative put in about $10,332 per active participant, more than the typical peer ($1,792). 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 | $9,975,394 |
| Participant (employee) contributions | $8,458,736 |
| Other contributions (incl. rollovers in) | $347,069 |
| Administrative expenses paid from the plan | $250,419 |
| Investment advisory & management fees | $121,001 |
| Benefits paid out | $19,507,297 |
| Net assets, start / end of year | $176.2M / $198.6M |
| Active participants, start / end of year | 946 / 985 |
| Participants with account balances | 1,214 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Milliman, Inc. | $153,017 reported compensation |
| Capfinancial Partners, LLC | $121,001 reported compensation |
| Charles Schwab & Co., Inc. | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917111614NAL0000538018001, received 2025-09-17, EIN 74-0828412, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.