Plan Snapshot
- Plan Sponsor: Salt River Valley Water Users Association
- Sponsor EIN: 860053220
- Sponsor Address: PO BOX 52025 PAB501, PHOENIX, AZ, 850722025
- Plan Type: 401(k)
- Total Participants: 6,108
- Total Assets: $1.3B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 6,108 | $1.3B | $31.7M | $61.9M |
| 2023 | 5,711 | $1.2B | $28.3M | $56.0M |
| 2022 | 5,473 | $1.0B | $24.8M | $52.7M |
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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | NONE | $771,342 | — | $771,342 |
| EMPOWER ANNUITY INSURANCE COMPANY | NONE | $11,670 | — | $11,670 |
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $783,012
- Estimated Expense Ratio: 0.059% 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 | $779,256 | $767,586 | — | — | — |
| 2023 | $811,358 | $718,397 | — | — | — |
| 2022 | $1,274,622 | $1,274,622 | — | — | — |