The Aes Corporation 401(k) Review & Grade
The Aes Corporation Retirement Savings Plan
Arlington, VAUtilities2,786 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$14,144Employer $ per active participant
$12,575Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$728.2MNet plan assets, end of year
$195,908Average balance per account
Score breakdown
- Employer generosity50.0 / 50100th percentile for employer $ per participant
- Low cost21.6 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score93 / 100 · Grade A
This plan vs. peers
Peers: Utilities plans with 2,500–9,999 active participants (38 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 87th |
| Employee saving | 76th |
| Peers that auto-enroll | 82% |
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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
- Aes put in about $14,144 per active participant, more than the typical peer ($6,490). 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 | $39,406,257 |
| Participant (employee) contributions | $35,035,108 |
| Other contributions (incl. rollovers in) | $11,759,054 |
| Administrative expenses paid from the plan | $249,906 |
| Investment advisory & management fees | $47,399 |
| Benefits paid out | $66,672,623 |
| Net assets, start / end of year | $627.2M / $728.2M |
| Active participants, start / end of year | 2,604 / 2,968 |
| Participants with account balances | 3,717 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young LLP |
| Employer stock held by plan | $29,651,191 |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $202,252 reported compensation |
| Capital Cities, LLC | $45,000 reported compensation |
| At Investment Advisers Inc | $13,434 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250630082524NAL0006510419001, received 2025-06-30, EIN 54-1163725, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.