Retirement plan

DTE ELECTRIC COMPANY SAVINGS AND STOCK OWNERSHIP PLAN FOR EMPLOYEES REPRESENTED BY LOCAL 223 OF THE UTILITY WORKERS UNION OF AMERICA

Name: DTE ENERGY CORPORATE SERVICES, LLC - DTE ELECTRIC COMPANY SAVINGS AND STOCK OWNERSHIP PLAN FOR EMPLOYEES REPRESENTED BY LOCAL 223 OF THE UTILITY WORKERS UNION OF AMERICA (2018) Form 5500
Creator: DTE ENERGY CORPORATE SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DTE ELECTRIC COMPANY SAVINGS AND STOCK OWNERSHIP PLAN FOR EMPLOYEES REPRESENTED BY LOCAL 223 OF THE UTILITY WORKERS UNION OF AMERICA, DTE ENERGY CORPORATE SERVICES, LLC

DTE ENERGY CORPORATE SERVICES, LLCEIN 20-5898509Plan #003PY 2018

ONE ENERGY PLAZA, 240 GO - DETROIT, MI 482261221313-235-8257LinkedIn10001+ employeesutilities

Other plans on this EIN

5 filings

#001Retirement-$4.12B assets #002Retirement-$1.64B assets #005Retirement-$506.3M assets #004Retirement-$128.9M assets #006Retirement-$77.0M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$676.7M

-5.6% from 2017

Total participants

4,409

+3.6% from 2017

Average account balance

$159,114

-8.6% from 2017

Annual return

-2.39%

-18.73 pp from 2017

Benchmarks

See 69 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants1,000-4,999

Cohort69 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$963.27M

Not enough data

1 years with asset history on file

Average account balance

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

$237K

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.

4,070

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.

98.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$61.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+14.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$166

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSET GROUP Service code 26 · EIN 84-1532243	Advisory (Participants)	$476,714
THE BANK OF NEW YORK MELLON1 year Filed as: MELLON INVESTMENTS CORPORATION Service code 28 · EIN 25-1442864	Investment Management	$212,251
JP MORGAN INVESTMENT MANAGEMENT INC1 year Service code 27 · EIN 13-3200244	Advisory (Plan)	$16,004
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: GREAT-WEST LIFE & ANNUITY Service code 50 · EIN 84-0467907	Direct Payment	$14,659

Plan features & details

Pension benefit codes2E2F2H2J2K2O2R2S2T3H3I

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$720K

$187 / participant

Investment mgmt$702K97.6%
Other / not subdivided$17K2.4%

% of EOY assets

0.106%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: GEORGE JOHNSON & COMPANY
Auditor EIN: 382029668
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$159,114

$144,389+10.2%

$90,782+75.3%

$75,289+111.3%

Participation rate

96.0%

92.2%+3.8pp

82.7%+13.3pp

72.4%+23.5pp

Annual return

-2.39%

0.91%-3.3pp

-3.42%+1.0pp

-0.04%-2.4pp

Employer contribution / active EE

$4,408

$4,529-2.7%

$4,105+7.4%

$2,405+83.3%

Participant deferral / active EE

$8,336

$7,882+5.8%

$5,366+55.4%

$3,739+123.0%

Admin fee / account holder

$169

$102+65.3%

$5,908-97.1%

$102+65.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSET GROUP

Service code 26 · EIN 84-1532243

Advisory (Participants)

$476,714

THE BANK OF NEW YORK MELLON1 year

Filed as: MELLON INVESTMENTS CORPORATION

Service code 28 · EIN 25-1442864

Investment Management

$212,251

JP MORGAN INVESTMENT MANAGEMENT INC1 year

Service code 27 · EIN 13-3200244

Advisory (Plan)

$16,004

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: GREAT-WEST LIFE & ANNUITY

Service code 50 · EIN 84-0467907

Direct Payment

$14,659

DTE ELECTRIC COMPANY SAVINGS AND STOCK OWNERSHIP PLAN FOR EMPLOYEES REPRESENTED BY LOCAL 223 OF THE UTILITY WORKERS UNION OF AMERICA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DTE ELECTRIC COMPANY SAVINGS AND STOCK OWNERSHIP PLAN FOR EMPLOYEES REPRESENTED BY LOCAL 223 OF THE UTILITY WORKERS UNION OF AMERICA

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