Retirement plan

PENSION PLAN A FOR EMPLOYEES OF CONSUMER ENERGY COMPANY

Name: CONSUMERS ENERGY COMPANY - PENSION PLAN A FOR EMPLOYEES OF CONSUMER ENERGY COMPANY (2018) Form 5500
Creator: CONSUMERS ENERGY COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENSION PLAN A FOR EMPLOYEES OF CONSUMER ENERGY COMPANY, CONSUMERS ENERGY COMPANY

CONSUMERS ENERGY COMPANYEIN 38-0442310Plan #004PY 2018

ONE ENERGY PLAZA - JACKSON, MI 492012276517-745-7003consumersenergy.comLinkedIn5001-10000 employeesutilities

Other plans on this EIN

2 filings

#002Retirement-$1.48B assets #001Retirement-$1.34B assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed October 11, 2014 (most recent of 6 filings on file)

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.

Open the filing PDF

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Total assets (EOY)

$1216.1M

-12.4% from 2019

Total participants

3,394

+2.6% from 2019

Average account balance

No prior year

Annual return

0.00%

-19.86 pp from 2019

Benchmarks

See 47 peers

Peer group

Industry22 - Utilities

Plan typeDefined benefit

Participants1,000-4,999

Cohort47 peers

Snapshot2018

Participant deferral / active EE

median $47

Employer contribution / active EE

$75,047

median $14,675

Participation rate

0.0%

median 0.0%

Avg account balance

median $5,379,476

Admin fee / account holder

median $4,675

Annual return

0.00%

median -4.94%

Overall peer rank

74of 100

74th percentileavg across 6 metrics

Analytics

2018 - 2024

Total assets (EOY)

Plan-year ending balance

$1.94B

Average account balance

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

$704K

Participants with account balance

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

1,001

Eligible Participants and Participation

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

0.0%

Contributions (total)

Employer and participant dollars contributed each year

$700.00M

Not enough data

2 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$267K

Not enough data

2 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+2.49%

Admin fee / account holder

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

Asset composition

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

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 9 by compensation

Provider	Service type	Compensation
WELLINGTON TRUST COMPANY1+ years Filed as: WELLINGTON MANAGEMENT Service code 20 · EIN 04-1683227	Trustee (individual); Direct payment ...	$538,726
GRANTHAM, MAYO, VAN OTTERLOO & CO.1+ years Filed as: GRANTHAM MAYO VANOTTERLOO & CO Service code 25 · EIN 04-2691242	Directed Trustee	$474,523
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Filed as: FIDELITY INVEST INSTIT OPER CO Service code 15 · EIN 04-2647786	Recordkeeping	$421,750
GRYPHON INTERNATIONAL INVESTMENT CO1+ years Filed as: GRYPHON INTERNATIONAL INVESTMENT Service code 28 · EIN 98-0444411	Investment Management	$256,663
AON CONSULTING1+ years Filed as: AON HEWITT Service code 11 · EIN 36-2235791	Actuarial	$165,552
NEW ENGLAND PENSION CONSULTANTS1+ years Service code 16 · EIN 04-2927339	Consulting	$165,088
MANULIFE ASSET MANAGEMENT1+ years Service code 28 · EIN 45-2395022	Investment Management	$113,108
COMERICA BANK1+ years Service code 19 · EIN 42-1741646	Securities Custodian	$109,415
BLACKROCK1+ years Filed as: BLACKROCK INSTITUTIONAL TRUST CO Service code 28 · EIN 94-3112180	Investment Management	$19,520

Enrolled actuary

1 attachment

PETER J. HAUGEN

AON CONSULTING, INC.

Enrollment #1705198

5600 WEST 83RD STREET SUITE 1100

8200 TOWER

MINNEAPOLIS, MN 55437

(952) 807-0820

Signed 2019-09-24

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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$1.5M

$478 / participant

Investment mgmt$2M100.0%

% of EOY assets

0.126%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: REHMANN ROBSON LLC
Auditor EIN: 383635706
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,578,776-100.0%

$221,583-100.0%

$21,578,776-100.0%

Participation rate

0.0%

0.0%0pp

4.3%-4.3pp

0.0%0pp

Annual return

0.00%

-5.10%+5.1pp

-6.55%+6.6pp

33.37%-33.4pp

Employer contribution / active EE

$75,047

$17,560+327.4%

$21,653+246.6%

$11,253+566.9%

Participant deferral / active EE

$304-100.0%

$160-100.0%

$819-100.0%

Admin fee / account holder

$99,113-100.0%

$1,920-100.0%

$99,113-100.0%

Provider

Service type

Compensation

WELLINGTON TRUST COMPANY1+ years

Filed as: WELLINGTON MANAGEMENT

Service code 20 · EIN 04-1683227

Trustee (individual); Direct payment ...

$538,726

GRANTHAM, MAYO, VAN OTTERLOO & CO.1+ years

Filed as: GRANTHAM MAYO VANOTTERLOO & CO

Service code 25 · EIN 04-2691242

Directed Trustee

$474,523

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Filed as: FIDELITY INVEST INSTIT OPER CO

Service code 15 · EIN 04-2647786

Recordkeeping

$421,750

GRYPHON INTERNATIONAL INVESTMENT CO1+ years

Filed as: GRYPHON INTERNATIONAL INVESTMENT

Service code 28 · EIN 98-0444411

Investment Management

$256,663

AON CONSULTING1+ years

Filed as: AON HEWITT

Service code 11 · EIN 36-2235791

Actuarial

$165,552

NEW ENGLAND PENSION CONSULTANTS1+ years

Service code 16 · EIN 04-2927339

Consulting

$165,088

MANULIFE ASSET MANAGEMENT1+ years

Service code 28 · EIN 45-2395022

Investment Management

$113,108

COMERICA BANK1+ years

Service code 19 · EIN 42-1741646

Securities Custodian

$109,415

BLACKROCK1+ years

Filed as: BLACKROCK INSTITUTIONAL TRUST CO

Service code 28 · EIN 94-3112180

Investment Management

$19,520

PENSION PLAN A FOR EMPLOYEES OF CONSUMER ENERGY COMPANY

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

PETER J. HAUGEN

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENSION PLAN A FOR EMPLOYEES OF CONSUMER ENERGY COMPANY

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

PETER J. HAUGEN

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