Retirement plan

THE CONSOLIDATED EDISON THRIFT SAVINGS PLAN

Name: CONSOLIDATED EDISON COMPANY OF NEW YORK, INC. - THE CONSOLIDATED EDISON THRIFT SAVINGS PLAN (2022) Form 5500
Creator: CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CONSOLIDATED EDISON THRIFT SAVINGS PLAN, CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.

CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.EIN 13-5009340Plan #004PY 2022

4 IRVING PLACE, 15TH FLOOR SOUTH - NEW YORK, NY 10003212-460-4600LinkedIn10001+ employeeshospital & health care

Other plans on this EIN

2 filings

#001Retirement-$15.82B assets #002Retirement-$69.1M assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed November 9, 2005

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$4871.4M

-15.1% from 2021

Total participants

20,224

+1.6% from 2021

Average account balance

$247,846

-16.1% from 2021

Annual return

-13.69%

-29.21 pp from 2021

Benchmarks

See 1,143 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,143 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$6.35B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$306K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

20,761

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$303.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.60%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$202

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.2 years Filed as: VANGUARD ADVISORS, INC. Service code 26 · EIN 23-2811930	Advisory (Participants)	$2,077,226
THE VANGUARD GROUP, INC.8+ years Filed as: VANGUARD GROUP INC. Service code 15 · EIN 23-1945930	Recordkeeping	$1,332,037
WILLIS TOWERS WATSON US LLC2 years Service code 16 · EIN 53-0181291	Consulting	$55,061
CALLAN ASSOCIATES1 year Filed as: CALLAN LLC Service code 16 · EIN 82-2748926	Consulting	$30,000
MORNINGSTAR1 year Service code 16 · EIN 36-3297908	Consulting	$21,775
THE VANGUARD GROUP, INC.3 years Service code 99	Other Fees	$0

Plan features & details

Pension benefit codes2E2F2G2I2J2K2O2R2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2I
Stock bonus
Stock bonus plan.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$3.6M

$257 / participant

Other / not subdivided$4M100.0%

% of EOY assets

0.073%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHNREZNICK
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$247,846

$89,433+177.1%

$93,759+164.3%

$89,433+177.1%

Participation rate

95.9%

71.3%+24.6pp

81.0%+14.9pp

71.3%+24.6pp

Annual return

-13.69%

-11.88%-1.8pp

-11.33%-2.4pp

-11.88%-1.8pp

Employer contribution / active EE

$5,071

$3,021+67.9%

$4,324+17.3%

$3,021+67.9%

Participant deferral / active EE

$13,538

$5,125+164.2%

$6,096+122.1%

$5,125+164.2%

Admin fee / account holder

$181

$79+127.9%

$7,197-97.5%

$79+127.9%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.2 years

Filed as: VANGUARD ADVISORS, INC.

Service code 26 · EIN 23-2811930

Advisory (Participants)

$2,077,226

THE VANGUARD GROUP, INC.8+ years

Filed as: VANGUARD GROUP INC.

Service code 15 · EIN 23-1945930

Recordkeeping

$1,332,037

WILLIS TOWERS WATSON US LLC2 years

Service code 16 · EIN 53-0181291

Consulting

$55,061

CALLAN ASSOCIATES1 year

Filed as: CALLAN LLC

Service code 16 · EIN 82-2748926

Consulting

$30,000

MORNINGSTAR1 year

Service code 16 · EIN 36-3297908

Consulting

$21,775

THE VANGUARD GROUP, INC.3 years

Service code 99

Other Fees

THE CONSOLIDATED EDISON THRIFT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE CONSOLIDATED EDISON THRIFT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion