Retirement plan

DYNEGY PENSION PLAN

VISTRA OPERATIONS COMPANY LLCEIN 36-4833461Plan #003PY 2019
6555 SIERRA DRIVE 3S-20D - IRVING, TX 75039214-812-4600LinkedIn5001-10000 employeesutilities
Prospect flagsLow participation

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(214) 812-4600
Plan administrator signer
BARBARA MUELLER
Signed 10/15/2020

Summary metrics

Total assets (EOY)
$371.1M
-10.6% from 2019
Total participants
3,029
+14.3% from 2019
Average account balance
$0
No prior year
Annual return
20.91%
-24.49 pp from 2019

Benchmarks

Peer group
Industry22 - Utilities
Plan typeDefined benefit
Participants1,000-4,999
Cohort47 peers
Snapshot2019
Participant deferral / active EE
$0
median $29
Employer contribution / active EE
$9,020
median $16,418
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $341,093,897
Admin fee / account holder
$0
median $1,551,325
Annual return
20.91%
median 19.21%
Overall peer rank
33rd percentileavg across 6 metrics

Analytics

2018 - 2024
Total assets (EOY)
Plan-year ending balance
$206.07M
Average account balance
Total assets / participants with a balance (line 6g)
$90K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
1,476
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$24.45M
Contributions per participant
Average employer and participant contribution per enrolled participant
$30K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+0.74%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 5 by compensation
ProviderService typeCompensation
Service code 17 · EIN 36-3109431
Pension Consulting
$905,794
Service code 28 · EIN 54-0357120
Investment Management
$155,380
Service code 21 · EIN 36-1561860
Bank Trustee
$64,938
Service code 15 · EIN 81-2983623
Recordkeeping
$62,498
Service code 21 · EIN 54-6535998
Bank Trustee
$15,499

Enrolled actuary

1 attachment
SB

ALLISON LOGAN

AON CONSULTING, INC.
Enrollment #2007794
5005 LBJ FREEWAY
SUITE 1400
DALLAS, TX 75244
(214) 989-2641
Signed 2020-09-18

Plan features & details

Pension benefit codes1A1C1I3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1C
    Cash balance or similar plan
    A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
  • 1I
    Frozen plan
    As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II
Admin total
$3.5M
$2600 / participant
  • Investment mgmt$172K5.0%
  • Contract admin$62K1.8%
  • Other / not subdivided$3M93.2%
% of EOY assets
0.933%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm
MCCONNELL & JONES, LLP
Auditor EIN
760488832
Audit fees
(not subdivided)
Opinion code
Disclaimer