El Paso Electric 401(k) match, vesting and fees
What El Paso Electric's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Weaver and Tidwell, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 88 defined-contribution plans in utilities with 1,000 to 4,999 participants.
| El Paso Electric: employer contribution per participant | $5,166 | |
| Peer median | $5,211 |
| El Paso Electric: average balance | $184,150 | |
| Peer median | $181,622 |
| El Paso Electric: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.08% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $170M at the end of plan year 2021 to $241M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,348 | $241M | $6.8M | $5,166 | 0.02% | Not published | Form 5500 ↗ |
| 2023 | 1,334 | $221M | $6.1M | $4,709 | 0.03% | Not published | Form 5500 ↗ |
| 2022 | 1,355 | $185M | $3.6M | $2,724 | 0.02% | Not published | Form 5500 ↗ |
| 2021 | 932 | $170M | $3.5M | $4,142 | 0.03% | Not published | Form 5500 ↗ |
Other El Paso Electric plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Retirement Income Plan for Employees of El Paso Electric Company
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Weaver and Tidwell LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
El Paso Electric Company Savings Plan for Collective Bargaining Employees
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Weaver and Tidwell, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Terminated (final filing) | Form 5500 ↗ |
Common questions
Does El Paso Electric match 401(k) contributions?
The match terms for the El Paso Electric Company Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $6.8M in employer contributions, about $5,166 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the El Paso Electric 401(k) match vested?
The vesting schedule for the El Paso Electric Company Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the El Paso Electric 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is El Paso Electric Company.
I left El Paso Electric. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (El Paso Electric Company, (915) 543-5985) or the recordkeeper, Principal Life Insurance Company. The El Paso Electric old 401(k) page lists the contacts from every plan filing. Find an old El Paso Electric 401(k)
Data from the public Form 5500 annual reports El Paso Electric filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with El Paso Electric. Not financial advice. Report a correction · Methodology