Retirement plan

DTE ELECTRIC COMPANY SAVINGS & STOCK OWNERSHIP PLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF IBEW

Name: DTE ENERGY CORPORATE SERVICES, LLC - DTE ELECTRIC COMPANY SAVINGS & STOCK OWNERSHIP PLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF IBEW (2023) 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 & STOCK OWNERSHIP PLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF IBEW, DTE ENERGY CORPORATE SERVICES, LLC

DTE ENERGY CORPORATE SERVICES, LLCEIN 20-5898509Plan #004PY 2023

ONE ENERGY PLAZA 240 G O - DETROIT, MI 48226313-235-8257LinkedIn10001+ employeesutilities

Other plans on this EIN

5 filings

#001Retirement-$3.87B assets #002Retirement-$2.20B assets #003Retirement-$857.5M assets #005Retirement-$437.6M assets #006Retirement-$90.8M assets

Prospect flagsHigh retiree %Low participationHigh assets / participant

How to read this page

Total assets (EOY)

$199.1M

+19.2% from 2022

Total participants

1,320

+100.0% from 2022

Average account balance

$298,080

+16.7% from 2022

Annual return

16.62%

+29.35 pp from 2022

Benchmarks

See 137 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants250-999

Cohort137 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$228.96M

Not enough data

1 years with asset history on file

Average account balance

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

$351K

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.

652

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16.14M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+14.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$235

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

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

Service providers

Top 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$119,240
THE BANK OF NEW YORK MELLON1 year Filed as: MELLON INVESTMETNS CORPORATION Service code 28 · EIN 25-1442864	Investment Management	$10,733
BLACKROCK5 years Filed as: BLACKROCK INSTITUTIONAL TRUST CO Service code 28 · EIN 94-3112180	Investment Management	$4,524
JPMORGAN INVEST HOLDINGS LLC1 year Filed as: JPMORGAN CHASE BANK NA Service code 27 · EIN 13-4994650	Advisory (Plan)	$1,911
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907	Recordkeeping	$188
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER FINANCIAL SERVICES, INC. Service code 33 · EIN 84-0965407	Securities brokerage	$50

Plan features & details

Pension benefit codes2E2F2H2J2K2R2S2T3H2O3I

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$148K

$250 / participant

Recordkeeping$2370.2%
Trustee / custodial$3K1.8%
Investment mgmt$144K97.2%
Valuation$1K0.8%
Other / not subdivided$970.1%

% of EOY assets

0.074%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GJC CPAS & ADVISORS
Auditor EIN: 382029668
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$298,080

$331,159-10.0%

$112,899+164.0%

$74,460+300.3%

Participation rate

0.0%

81.4%-81.4pp

80.5%-80.5pp

70.7%-70.7pp

Annual return

16.62%

21.62%-5.0pp

34.11%-17.5pp

34.38%-17.8pp

Employer contribution / active EE

$5,428

$5,469-0.7%

$4,566+18.9%

$2,638+105.8%

Participant deferral / active EE

$20,775

$8,097+156.6%

$6,516+218.8%

$4,530+358.6%

Admin fee / account holder

$221

$281-21.2%

$7,047-96.9%

$348-36.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$119,240

THE BANK OF NEW YORK MELLON1 year

Filed as: MELLON INVESTMETNS CORPORATION

Service code 28 · EIN 25-1442864

Investment Management

$10,733

BLACKROCK5 years

Filed as: BLACKROCK INSTITUTIONAL TRUST CO

Service code 28 · EIN 94-3112180

Investment Management

$4,524

JPMORGAN INVEST HOLDINGS LLC1 year

Filed as: JPMORGAN CHASE BANK NA

Service code 27 · EIN 13-4994650

Advisory (Plan)

$1,911

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 15 · EIN 84-0467907

Recordkeeping

$188

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER FINANCIAL SERVICES, INC.

Service code 33 · EIN 84-0965407

Securities brokerage

$50

DTE ELECTRIC COMPANY SAVINGS & STOCK OWNERSHIP PLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF IBEW

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DTE ELECTRIC COMPANY SAVINGS & STOCK OWNERSHIP PLAN FOR EMPLOYEES REPRESENTED BY LOCAL 17 OF IBEW

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