Most generous 401(k)s in Utilities

2,184 graded utilities plans; median employer contribution $2,795 per active participant. Top plans with 500+ active participants (100+ if few qualify), ranked by employer dollars per participant (2024).

#EmployerStateActive participantsEmployer $ / participantScoreGrade
1ErcotTX924$22,77391A
2California Independent System Operator CorporationCA724$21,86994A
3New York Independent System Operator, Inc.NY616$14,63695A
4The Aes CorporationVA2,786$14,14493A
5STP Nuclear Operating CompanyTX1,110$13,79689A
6Portland General Electric CompanyOR2,855$13,21477A
7Talen Energy Supply, LLCTX1,888$12,79685A
8Avangrid Management Company, LLCCT8,137$12,35379A
9NV Energy, Inc.NV2,698$11,39386A
10Consumers Energy CompanyMI8,217$11,27288A
11Txnm Energy, Inc.NM1,670$11,02171B
12PacificorpOR5,268$10,86864B
13Long Island Electric Utility Servco LLCNY1,190$10,47590A
14Iso New England Inc.MA652$10,39388A
15PPL Services CorporationPA1,676$10,35884A
16Prairie State Generating Company, LLCIL640$10,25181A
17Cheniere Energy, Inc.TX1,556$10,11290A
18Wec Energy Group, Inc.WI3,370$10,10181A
19Alliant Energy Corporate Services, Inc.WI3,126$9,94872B
20Allete, Inc.MN1,601$9,86865B
21Black Hills CorporationSD2,856$9,78179A
22Southern California Edison CompanyCA13,934$9,76077A
23Naes CorporationWA2,243$9,72071B
24Duquesne Light Holdings, Inc.PA962$9,63977A
25Puget Sound Energy, Inc.WA3,346$9,55387A
26International Transmission CompanyMI776$9,47486A
27Basin Electric Power CooperativeND822$9,41979A
28Duke Energy CorporationNC26,978$9,35878A
29Central Hudson Gas & Electric CorporationNY1,218$9,34377A
30Northwest Natural Gas CompanyOR1,228$9,06380A
31Washington Gas Light CompanyDC872$9,01073B
32Northwestern CorporationMT1,580$8,93475A
33Siemens Energy, Inc.FL10,808$8,75773B
34PPL Services CorporationPA1,254$8,70481A
35Unitil CorporationNH534$8,39771B
36Dte Energy Corporate Services, LLCMI5,285$8,15275A
37Constellation Energy Generation LLCPA14,087$8,14184A
38Par Petroleum LLCTX1,735$8,11648C
39Centerpoint Energy, Inc.TX8,898$8,11063B
40Avista CorporationWA1,978$8,04666B
41Edf RenewablesCA1,515$8,01957C
42One Gas, Inc.OK3,873$7,90758C
43Pg&e CorporationCA10,548$7,70284A
44Lg&e and Ku Energy LLCKY2,916$7,67574B
45Entergy CorporationLA2,461$7,65860B
46Essential Utilities, Inc.PA3,359$7,60043D
47American Water Resources LLC, DBA Oncourse Home SolutionsIL600$7,47550C
48National Grid USA Service Company, Inc.NY17,391$7,46588A
49Duquesne Light CompanyPA879$7,41858C
50Edp Renewables North America LLCTX1,050$7,41547C

Get the 401kGrade monthly

The most generous employers, the worst red flags, and plain-English 401(k) tips. One email a month.