U.S. Water Services Corporation 401(k) Review & Grade
U.S. Water Services Corporation 401(k) Plan
New Port Richey, FLProfessional, Scientific & Technical Services767 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$935Employer $ per active participant
$3,400Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$22.2MNet plan assets, end of year
$25,690Average balance per account
Score breakdown
- Employer generosity9.4 / 5019th percentile for employer $ per participant
- Low cost4.7 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 19th |
| Employee saving | 17th |
| Peers that auto-enroll | 48% |
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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
- U.S. Water Services put in about $935 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (0.58% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $717,324 |
| Participant (employee) contributions | $2,608,025 |
| Other contributions (incl. rollovers in) | $204,365 |
| Administrative expenses paid from the plan | $117,437 |
| Investment advisory & management fees | $117,437 |
| Benefits paid out | $2,099,786 |
| Net assets, start / end of year | $18.6M / $22.2M |
| Active participants, start / end of year | 757 / 777 |
| Participants with account balances | 865 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Brimmer, Burek & Kellan, LLP |
Largest service providers (Schedule C)
| Raymond James | $117,138 reported compensation |
| Nationwide | $69,970 reported compensation |
| Nationwide | $3,182 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015094258NAL0005693920001, received 2025-10-15, EIN 20-0008821, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.