# El Paso Electric Company 401(k) Plan
Source: https://planprovider.pro/companies/el-paso-electric-company-401k-plan-003

> El Paso Electric Company&#39;s 401(k) plan: 1,177 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** El Paso Electric Company

- **Sponsor EIN:** 740607870

- **Sponsor Address:** PO BOX 982 - LOCATION 165, EL PASO, TX, 79960

- **Plan Type:** 401(k)

- **Total Participants:** 1,177

- **Total Assets:** $241.2M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|1,177|$241.2M|$6.8M|$12.9M|

| 2023|1,102|$220.6M|$6.1M|$12.3M|

| 2022|1,124|$184.8M|$3.6M|$7.3M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTACT ADMINISTRATOR|$49,170|—|$49,170|

| WEAVER AND TIDWELL, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [WEAVER AND TIDWELL, LLP](https://planprovider.pro/provider/weaver-and-tidwell-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $49,170

- **Estimated Expense Ratio:** 0.020% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$52,200|$1,279|—|—|—|

| 2023|$51,670|—|—|—|—|

| 2022|$40,974|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/el-paso-electric-company-401k-plan-003)

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