STP Nuclear Operating Company 401(k) Review & Grade
STP Nuclear Operating Company Savings Plan
Wadsworth, TXUtilities1,110 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$13,796Employer $ per active participant
$15,974Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$482.8MNet plan assets, end of year
$334,149Average balance per account
Score breakdown
- Employer generosity48.0 / 5096th percentile for employer $ per participant
- Low cost24.2 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving13.6 / 1591th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score89 / 100 · Grade A
This plan vs. peers
Peers: Utilities plans with 500–2,499 active participants (75 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 97th |
| Employee saving | 91th |
| Peers that auto-enroll | 76% |
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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
- STP Nuclear Operating put in about $13,796 per active participant, more than the typical peer ($6,264). 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.
- 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 | $15,320,274 |
| Participant (employee) contributions | $17,739,524 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $68,444 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $44,842 |
| Benefits paid out | $88,618,524 |
| Net assets, start / end of year | $474.6M / $482.8M |
| Active participants, start / end of year | 1,033 / 1,188 |
| Participants with account balances | 1,445 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $44,842 reported compensation |
| Fidelity Investments Institutional | $15,729 reported compensation |
| The Vanguard Group, Inc | $7,873 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009162914NAL0016640546001, received 2025-10-09, EIN 76-0517597, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.