Retirement plan

DYNEGY PENSION PLAN

VISTRA OPERATIONS COMPANY LLCEIN 36-4833461Plan #003PY 2020
6555 SIERRA DRIVE 2S-20K - IRVING, TX 75039214-812-4600LinkedIn5001-10000 employeesutilities
Prospect flagsLow returnsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(214) 812-4600
Plan administrator signer
TONYA SAN ANGELO
Signed 10/13/2021

Summary metrics

Total assets (EOY)
$317.6M
-10.6% from 2019
Total participants
2,606
+14.3% from 2019
Average account balance
$0
No prior year
Annual return
3.23%
-24.49 pp from 2019

Benchmarks

Peer group
Industry22 - Utilities
Plan typeDefined benefit
Participants1,000-4,999
Cohort44 peers
Snapshot2020
Participant deferral / active EE
$0
median $18
Employer contribution / active EE
$0
median $18,863
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
3.23%
median 14.20%
Overall peer rank
0th 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 3 by compensation
ProviderService typeCompensation
Service code 17 · EIN 36-3109431
Pension Consulting
$1,421,678
Service code 21 · EIN 36-1561860
Bank Trustee
$42,931
Service code 28 · EIN 13-3142135
Investment Management
$23,658

Enrolled actuary

1 attachment
SB

ALLISON LOGAN

AON CONSULTING, INC.
Enrollment #2007794
5005 LBJ FREEWAY
SUITE 1400
DALLAS, TX 75244
(214) 989-2641
Signed 2021-09-24

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

2 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$2.8M
$2261 / participant
  • Investment mgmt$24K0.8%
  • Other / not subdivided$3M99.2%
% of EOY assets
0.881%
all-in expense ratio
Categories reported
1 / 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