Veolia Utility Resources LLC 401(k) Review & Grade
Veolia Water Resources 401(k) Savings Plan
Paramus, NJUtilities1,626 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,349Employer $ per active participant
$6,697Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$292.2MNet plan assets, end of year
$169,758Average balance per account
Score breakdown
- Employer generosity8.8 / 5018th percentile for employer $ per participant
- Low cost20.8 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1518th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Utilities plans with 500–2,499 active participants (75 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 83th |
| Employee saving | 18th |
| Peers that auto-enroll | 76% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,880 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Veolia Utility Resources put in about $3,349 per active participant, below the typical peer ($6,264). 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 | $5,447,178 |
| Participant (employee) contributions | $10,893,118 |
| Other contributions (incl. rollovers in) | $1,547,570 |
| Administrative expenses paid from the plan | $165,688 |
| Benefits paid out | $28,461,279 |
| Net assets, start / end of year | $226.9M / $292.2M |
| Active participants, start / end of year | 1,129 / 2,124 |
| Participants with account balances | 1,721 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $165,688 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015100611NAL0005900528001, received 2025-10-15, EIN 71-0005226, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.