401(k) · DOL Form 5500 · 2023
El Paso Electric Company 401(k) Plan
Data updated 2026-08-11
- $221M
- Total assets
- 1,125
- Participants
- 95th
- Percentile by assets
- $196,052
- Avg per participant
Official DOL plan name: El Paso Electric Company Savings Plan · Sponsored by El Paso Electric Company · Texas · Utilities
$221M in assets, 1,125 participants
El Paso Electric Company's El Paso Electric Company Savings Plan reported $221M in total assets and 1,125 participants in its 2023 DOL Form 5500 filing, ranking in the 95th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 95th percentile by assets (of 127,072 plans)
- #530 in Utilities (721 peers)
Utilities sector rank
Within Utilities, El Paso Electric Company Savings Plan ranks #530 of 721 2023 filers by assets (243% of the sector average)-$221M for 1,125 participants.
- $221M
- total plan assets (2023 EOY)
- 1,125
- covered participants
- 95th
- percentile by assets (of 127,072 plans)
- $196,052
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- El Paso Electric Company Savings Plan reported net income rose from -$39M in the plan year 2022 filing to $36M in the plan year 2023 filing.
- El Paso Electric Company Savings Plan reported participants rose from 702 in the plan year 2022 filing to 1,125 in the plan year 2023 filing.
- El Paso Electric Company Savings Plan end-of-year assets rose from $185M in the plan year 2022 filing to $221M in the plan year 2023 filing.
Rank #530 in Utilities
Among 721 Utilities plans that filed a Form 5500 for plan year 2023, El Paso Electric Company Savings Plan ranks #530 by end-of-year assets - about 243% of the sector average of $537M. Nationally it sits in the 95th percentile, a weaker position within its industry than across all filers.
Utilities filing particulars
| Total Assets (Beginning of Year) | $185M |
|---|---|
| Net Assets (End of Year) | $221M |
| Net Income | $36M |
| Employer EIN | 740607870 |
| Plan Effective Date | 1984-08-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (El Paso Electric Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 2,169 | $456M |
| 2023 | 2 | 2,253 | $499M |
| 2024 | 2 | 2,203 | $519M |
Nearby 401(k) Plans in Texas
Peer 401(k) plans, same state, same plan type, ranked by total assets.
El Paso Electric Company Savings Plan vs. nearby 401(k) plans in Texas, assets vs. participants
- AT&T Retirement Savings Plan $40.0B · 119,854
- Exxonmobil Savings Plan $21.9B · 23,477
- Caterpillar 401(k) Savings Plan $16.5B · 41,679
- American Airlines, Inc. 401(k) Plan $14.7B · 88,792
- Dell Inc. 401(k) Plan $13.5B · 45,686
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to El Paso Electric Company Savings Plan by total assets, not by location.
- Rolls-Royce Corporation Personal Savings Plan for Hourly-Rate Employees (VA) $221M · 939
- Georgia Transmission Corporation Retirement Plan (GA) $221M · 321
- Club Retirement Plan (VA) $221M · 6,124
- Mankato Clinic, Ltd. 401(k) Profit Sharing Plan (MN) $221M · 850
Frequently Asked Questions
How did El Paso Electric Company Savings Plan assets move in 2023? ▼
How have El Paso Electric Company plan assets changed over time? ▼
Where does El Paso Electric Company Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to El Paso Electric Company Savings Plan? ▼
Next read for El Paso Electric Company Savings Plan
Filing takeaways
Ways to act on El Paso Electric Company Savings Plan's numbers.
- By total assets, El Paso Electric Company Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Texas. Compare plans
- El Paso Electric Company's sponsor-wide assets have grown 13.8% since 2022 across 3 plan years on file. More Utilities plans