Retirement plan

TALEN ENERGY SAVINGS PLAN

Name: TALEN ENERGY SUPPLY, LLC - TALEN ENERGY SAVINGS PLAN (2020) Form 5500
Creator: TALEN ENERGY SUPPLY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TALEN ENERGY SAVINGS PLAN, TALEN ENERGY SUPPLY, LLC

TALEN ENERGY SUPPLY, LLCEIN 23-3074920Plan #004PY 2020

1780 HUGHES LANDING BLVD., SUITE 800 - THE WOODLANDS, TX 77380888-211-6011talenenergy.comLinkedIn501-1000 employeesrenewables & environment

Other plans on this EIN

2 filings

#002Retirement-$1.06B assets #005Retirement-$490.8M assets

Prospect flagsLow returnsHigh fees

Top hat statement on fileNQDC

Filed September 28, 2015 (most recent of 2 filings on file)

Plan administrator

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835 Hamilton St., Suite 150

Allentown State: PA Zip Code: 18101

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Plans declared (1)

Talen Energy Supplemental Compensation Plan81 emp

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Total assets (EOY)

$41.6M

-9.0% from 2016

Total participants

238

+6.7% from 2016

Average account balance

$210,939

-14.4% from 2016

Annual return

9.63%

-8.84 pp from 2016

Benchmarks

See 172 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants100-249

Cohort172 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$41.55M

Not enough data

1 years with asset history on file

Average account balance

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

$211K

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.

197

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.

76.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.09M

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

+9.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$697

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
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	$38,380
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY & CO. INC. Service code 27 · EIN 26-4310632	Advisory (Plan)	$27,166
RSM US LLP2 years Service code 10 · EIN 41-0714325	Accounting	$27,057
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN LEWIS & BOCKIUS LLP Service code 29 · EIN 23-0891050	Legal	$19,113
BAKER TILLY US, LLP1 year Service code 10 · EIN 39-0859910	Accounting	$17,500
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$8,034

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T

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.
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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$137K

$793 / participant

Investment mgmt$35K25.6%
Contract admin$38K28.0%
Other / not subdivided$64K46.4%

% of EOY assets

0.330%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$210,939

$118,971+77.3%

$112,977+86.7%

$73,501+187.0%

Participation rate

76.3%

83.3%-7.0pp

82.6%-6.3pp

70.7%+5.6pp

Annual return

9.63%

17.79%-8.2pp

24.24%-14.6pp

28.51%-18.9pp

Employer contribution / active EE

$5,523

$4,091+35.0%

$4,255+29.8%

$2,270+143.3%

Participant deferral / active EE

$12,338

$6,133+101.2%

$5,836+111.4%

$3,740+229.9%

Admin fee / account holder

$697

$573+21.6%

$6,294-88.9%

$513+35.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

$38,380

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY & CO. INC.

Service code 27 · EIN 26-4310632

Advisory (Plan)

$27,166

RSM US LLP2 years

Service code 10 · EIN 41-0714325

Accounting

$27,057

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN LEWIS & BOCKIUS LLP

Service code 29 · EIN 23-0891050

Legal

$19,113

BAKER TILLY US, LLP1 year

Service code 10 · EIN 39-0859910

Accounting

$17,500

STRATEGIC ADVISORS, INC.3 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$8,034

TALEN ENERGY SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TALEN ENERGY SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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