Retirement plan

PENSION PLAN OF PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED

Name: PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED - PENSION PLAN OF PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED (2023) Form 5500
Creator: PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENSION PLAN OF PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED, PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED

PUBLIC SERVICE ENTERPRISE GROUP INCORPORATEDEIN 22-2625848Plan #001PY 2023

80 PARK PLAZA, T10 - NEWARK, NJ 071011171973-430-7000

Other plans on this EIN

3 filings

#002Retirement-$2.13B assets #004Retirement-$2.09B assets #006Retirement-$1.99B assets

Prospect flagsHigh retiree %Wind-down / frozen

How to read this page

Total assets (EOY)

$2439.5M

-9.2% from 2016

Total participants

8,107

-41.7% from 2016

Average account balance

No prior year

Annual return

15.61%

-15.13 pp from 2016

Benchmarks

See 1,399 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants250-999

Cohort1,399 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.44B

Not enough data

1 years with asset history on file

Average account balance

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

$301K

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.

7,561

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C1E3F3H

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).
1E
Section 401(h) arrangement
Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
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.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KRONICK KALADA BERDY & CO., P.C.
Auditor EIN: 232667890
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$3,299,877-100.0%

$2,703,652-100.0%

$3,299,877-100.0%

Participation rate

0.0%

2.3%-2.3pp

7.7%-7.7pp

2.3%-2.3pp

Annual return

15.61%

37.77%-22.2pp

7.26%+8.3pp

37.77%-22.2pp

Employer contribution / active EE

$15,798-100.0%

$34,949-100.0%

$15,798-100.0%

Participant deferral / active EE

$732-100.0%

$86-100.0%

$732-100.0%

Admin fee / account holder

$9,287-100.0%

PENSION PLAN OF PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Audit opinioni

PENSION PLAN OF PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion