Southern California Edison Company 401(k) Review & Grade
Edison 401(k) Savings Plan
Rosemead, CAUtilities13,934 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$9,760Employer $ per active participant
$14,121Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$6.3BNet plan assets, end of year
$377,109Average balance per account
Score breakdown
- Employer generosity47.1 / 5094th percentile for employer $ per participant
- Low cost13.0 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving13.8 / 1592th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score77 / 100 · Grade A
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 52th |
| Employee saving | 92th |
| Peers that auto-enroll | 50% |
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
- Southern California Edison put in about $9,760 per active participant, more than the typical peer ($2,229). 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 | $136,000,663 |
| Participant (employee) contributions | $196,758,995 |
| Other contributions (incl. rollovers in) | $9,565,397 |
| Administrative expenses paid from the plan | $4,949,981 |
| Investment advisory & management fees | $4,949,981 |
| Benefits paid out | $597,030,859 |
| Net assets, start / end of year | $5.7B / $6.3B |
| Active participants, start / end of year | 14,119 / 13,749 |
| Participants with account balances | 16,740 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mcconnell & Jones, LLP |
| Employer stock held by plan | $304,477,026 |
Largest service providers (Schedule C)
| Edelman Financial Engines, LLC | $2,155,903 reported compensation |
| T. Rowe Price Associates, Inc. | $832,565 reported compensation |
| Alliance Bernstein | $499,236 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015132610NAL0002362355001, received 2025-10-15, EIN 95-1240335, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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