Southwest Power Pool, Inc. 401(k) Review & Grade
Southwest Power Pool 401(k) Savings Plan
Little Rock, ARProfessional, Scientific & Technical Services783 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,066Employer $ per active participant
$11,242Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$224.5MNet plan assets, end of year
$231,006Average balance per account
Score breakdown
- Employer generosity39.7 / 5079th percentile for employer $ per participant
- Low cost20.7 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 83th |
| Employee saving | 68th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Southwest Power Pool put in about $6,066 per active participant, more than the typical peer ($3,082). 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 | $4,749,506 |
| Participant (employee) contributions | $8,802,293 |
| Other contributions (incl. rollovers in) | $1,905,454 |
| Administrative expenses paid from the plan | $138,726 |
| Investment advisory & management fees | $35,000 |
| Benefits paid out | $15,517,176 |
| Net assets, start / end of year | $193.5M / $224.5M |
| Active participants, start / end of year | 743 / 823 |
| Participants with account balances | 972 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Landmark, PLC |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $103,726 reported compensation |
| First Security Bank | $35,000 reported compensation |
| National Financial Services | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250908121736NAL0019305201001, received 2025-09-08, EIN 71-0748158, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.