Veolia North America, LLC 401(k) Review & Grade
Veolia North America 401(k) Savings Plan
Boston, MAUtilities6,800 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,128Employer $ per active participant
$7,539Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$1.0BNet plan assets, end of year
$112,647Average balance per account
Score breakdown
- Employer generosity9.5 / 5019th percentile for employer $ per participant
- Low cost16.6 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1514th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Utilities plans with 2,500–9,999 active participants (38 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 67th |
| Employee saving | 14th |
| Peers that auto-enroll | 82% |
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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
- Veolia North America put in about $4,128 per active participant, below the typical peer ($6,490). 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.
- 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $28,073,205 |
| Participant (employee) contributions | $51,264,906 |
| Other contributions (incl. rollovers in) | $6,964,070 |
| Administrative expenses paid from the plan | $737,924 |
| Contract administrator fees | $2,800 |
| Investment advisory & management fees | $455,701 |
| Benefits paid out | $103,872,065 |
| Net assets, start / end of year | $929.6M / $1.0B |
| Active participants, start / end of year | 6,510 / 7,090 |
| Participants with account balances | 9,302 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Katz Sapper & Miller LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $455,701 reported compensation |
| Fidelity Investments Institutional | $250,896 reported compensation |
| Katz Sapper and Miller LLP | $31,801 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015102104NAL0005937760001, received 2025-10-15, EIN 26-2756568, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.