Employers › Ormat Technologies
Recordkeeping fees per participant · Ormat 401(k) Plan · plan year 2024
$42.87
Higher than 31% of the 5,847 plans $50 to 250M that report it.
= $38,285 / 893
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250929065124NAL0004884259001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929065124NAL0004884259001, received 2025-09-29
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-29.
Administrative expenses excluding investment management, per participant
$42.87
Higher than 22% of the 8,758 plans $50 to 250M that report it.
= $38,285 / 893
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250929065124NAL0004884259001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929065124NAL0004884259001, received 2025-09-29
Administrative expenses per participant
$127.09
Higher than 48% of the 9,042 plans $50 to 250M that report it.
= $113,494 / 893
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250929065124NAL0004884259001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929065124NAL0004884259001, received 2025-09-29
Administrative expenses as a share of assets
0.143%
Higher than 52% of the 9,049 plans $50 to 250M that report it.
= $113,494 / $79,579,682
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250929065124NAL0004884259001, received 2025-09-29
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250929065124NAL0004884259001, received 2025-09-29
Employer contributions per participant
$4,858
Higher than 76% of the 9,105 plans $50 to 250M that report it.
= $4,338,224 / 893
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250929065124NAL0004884259001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929065124NAL0004884259001, received 2025-09-29
Employer share of total contributions
36.4%
Higher than 70% of the 9,112 plans $50 to 250M that report it.
= $4,338,224 / $11,923,615
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250929065124NAL0004884259001, received 2025-09-29
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250929065124NAL0004884259001, received 2025-09-29
Employer match
“In 2025, 2024 and 2023, the Company matched employee contributions, after completion of one year of service, up to a maximum of 6% of the employee’s annual salary.”
Form 10-K filed 2026-02-26, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250929065124NAL0004884259001, received 2025-09-29
| Field | Value | Source |
|---|---|---|
| Plan sponsor | ORMAT TECHNOLOGIES, INC. AND SUBSIDIARIES | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Plan name | ORMAT 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Sponsor EIN / plan number | 88-0326081 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Sponsor location | RENO, NV | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Industry (business code) | 221100, Utilities | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Filing received | 2025-09-29 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Participants, beginning of year | 944 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Active participants | 703 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Participants, end of year | 897 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Participants with an account balance | 893 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Total assets, beginning of year | $68,508,507 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Total assets, end of year | $79,579,682 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Net assets, end of year | $79,579,682 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Total income | $21,182,888 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Net income | $11,071,175 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Employer contributions | $4,338,224 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Participant contributions | $6,751,313 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Other contributions (incl. rollovers) | $834,078 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Total contributions | $11,923,615 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Benefit payments | $9,985,432 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Total expenses (incl. benefit payments) | $10,111,713 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Total administrative expenses | $113,494 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Recordkeeping fees | $38,285 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Investment advisory and management fees | $75,209 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Administrative expenses excluding investment management | $38,285 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Held in mutual funds | $74,091,262 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250929065124NAL0004884259001, received 2025-09-29 |
| Independent auditor | CLIFTONLARSONALLEN LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250929065124NAL0004884259001, received 2025-09-29 |
Position = column in the DOL layout for form year 2024. Filing 20250929065124NAL0004884259001, received 2025-09-29.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| MORGAN STANLEY GLOBAL BANKING OPERA | INVESTMENT ADVISOR | 16 Consulting (general); 27 Investment advisory (plan); 50 Direct payment from the plan | $75,209 | no |
| TRANSAMERICA RETIREMENT SOLUTIONSrecordkeeper | RECORDKEEPER | 12 Claims processing; 15 Recordkeeping and information management; 28 Investment management; 37 Participant loan processing; 38 Participant communication; 50 Direct payment from the plan; 54 Sales loads (front end and deferred); 59 Shareholder servicing fees; 61 Finders fees / placement fees; 62 Float revenue; 63 Distribution (12b-1) fees; 64 Recordkeeping fees; 65 Account maintenance fees | $38,285 | yes |
| NATIONAL FINANCIAL SERVICES | SECURITIES BROKER | 33 Securities brokerage; 71 Securities brokerage commissions and fees | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250929065124NAL0004884259001, received 2025-09-29.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $68,508,507 | $79,579,682 | 16.2% |
| Participants with a balance | 775 | 893 | 15.2% |
| Administrative expenses | $234,395 | $113,494 | -51.6% |
| Recordkeeping fees per participant | $101.15 | $42.87 | -57.6% |
| Employer contributions | $3,967,630 | $4,338,224 | 9.3% |
Prior filing 20240730104020NAL0033964576001, received 2024-07-30; the plan years are contiguous.
Sponsor name as filed: ORMAT TECHNOLOGIES, INC. AND SUBSIDIARIES; SEC registrant: ORMAT TECHNOLOGIES, INC. (CIK 1296445, matched by EIN; display name from the Form 10-K cover).