401(k) · DOL Form 5500 · 2024
El Paso Electric Company 401(k) Plan
Data updated 2026-08-11
- $241M
- Total assets
- 1,096
- Participants
- 95th
- Percentile by assets
- $220,106
- Avg per participant
Official DOL plan name: El Paso Electric Company Savings Plan · Sponsored by El Paso Electric Company · Texas · Utilities
$241M in assets, 1,096 participants
El Paso Electric Company's El Paso Electric Company Savings Plan reported $241M in total assets and 1,096 participants in its 2024 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 123,622 plans)
- #534 in Utilities (732 peers)
Utilities sector rank
Within Utilities, El Paso Electric Company Savings Plan ranks #534 of 732 2024 filers by assets (223% of the sector average)-$241M for 1,096 participants.
- $241M
- total plan assets (2024 EOY)
- 1,096
- covered participants
- 95th
- percentile by assets (of 123,622 plans)
- $220,106
- avg assets per participant
Where El Paso Electric Company Savings Plan sits by total assets
El Paso Electric Company Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$241,236,520 Top 5% higher than 95% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- El Paso Electric Company Savings Plan reported net income fell from $36M in the plan year 2023 filing to $21M in the plan year 2024 filing.
- El Paso Electric Company Savings Plan end-of-year assets rose from $221M in the plan year 2023 filing to $241M in the plan year 2024 filing.
- El Paso Electric Company Savings Plan reported participants fell from 1,125 in the plan year 2023 filing to 1,096 in the plan year 2024 filing.
Rank #534 in Utilities
Among 732 Utilities plans that filed a Form 5500 for plan year 2024, El Paso Electric Company Savings Plan ranks #534 by end-of-year assets - about 223% 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) | $221M |
|---|---|
| Net Assets (End of Year) | $241M |
| Net Income | $21M |
| 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 $43.1B · 109,889
- Exxonmobil Savings Plan $23.7B · 21,990
- Chevron Employee Savings Investment Plan $20.4B · 21,505
- Caterpillar 401(k) Savings Plan $18.8B · 43,873
- Southwest Airlines Co. Retirement Savings Plan $17.0B · 67,820
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.
- Cleveland-Cliffs Inc. & Its Associated Employers Salaried Employees Savings Plan (OH) $241M · 1,178
- Cars.Com, LLC 401(k) Retirement Plan (IL) $241M · 1,653
- Specialtycare 401(k) Plan (TN) $241M · 1,814
- Holland Hospital 401(k) Savings Plan (MI) $241M · 2,223
Frequently Asked Questions
How did El Paso Electric Company Savings Plan assets move in 2024? ▼
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