Retirement plan

PENSION PLAN A FOR EMPLOYEES OF CONSUMER ENERGY COMPANY

Name: CONSUMERS ENERGY COMPANY - PENSION PLAN A FOR EMPLOYEES OF CONSUMER ENERGY COMPANY (2020) 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 2020

ONE ENERGY PLAZA - JACKSON, MI 492012276517-247-9634consumersenergy.comLinkedIn5001-10000 employeesutilities

Other plans on this EIN

2 filings

#002Retirement-$2.11B assets #001Retirement-$1.62B 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

How to read this page

Total assets (EOY)

$2183.7M

-12.4% from 2019

Total participants

3,178

+2.6% from 2019

Average account balance

No prior year

Annual return

16.49%

-19.86 pp from 2019

Benchmarks

See 44 peers

Peer group

Industry22 - Utilities

Plan typeDefined benefit

Participants1,000-4,999

Cohort44 peers

Snapshot2020

Participant deferral / active EE

median $18

Employer contribution / active EE

$266,565

median $18,863

Participation rate

0.0%

median 0.0%

Avg account balance

Admin fee / account holder

Annual return

16.49%

median 14.20%

Overall peer rank

69of 100

69th 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 COMPANY3+ years Filed as: WELLINGTON MANAGEMENT Service code 20 · EIN 04-1683227	Trustee (individual); Direct payment ...	$606,409
GRYPHON INTERNATIONAL INVESTMENT CO3+ years Filed as: GRYPHON INTERNATIONAL INVESTMENT Service code 28 · EIN 98-0444411	Investment Management	$448,403
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Filed as: FIDELITY INVEST INSTIT OPER CO Service code 15 · EIN 04-2647786	Recordkeeping	$376,456
GRANTHAM, MAYO, VAN OTTERLOO & CO.3+ years Filed as: GRANTHAM MAYO VANOTTERLOO & CO Service code 25 · EIN 04-2691242	Directed Trustee	$244,140
NEW ENGLAND PENSION CONSULTANTS3+ years Service code 16 · EIN 04-2927339	Consulting	$143,248
AON CONSULTING3+ years Filed as: AON HEWITT Service code 11 · EIN 36-2235791	Actuarial	$104,508
THE BANK OF NEW YORK MELLON1 year Filed as: BNY MELLON Service code 28 · EIN 13-2614959	Investment Management	$103,710
NORTHERN TRUST COMPANY2 years Filed as: NORTHERN TRUST Service code 21 · EIN 36-1561860	Bank Trustee	$89,568
COMERICA BANK3+ years Service code 19 · EIN 42-1741646	Securities Custodian	$63,422

Enrolled actuary

1 attachment

PETER J. HAUGEN

AON CONSULTING, INC.

Enrollment #2005198

5600 WEST 83RD STREET SUITE 1100,

8200 TOWER

MINNEAPOLIS, MN 55437

(952) 807-0820

Signed 2021-10-01

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

$2.0M

$749 / participant

Investment mgmt$2M100.0%

% of EOY assets

0.090%

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

$733,756-100.0%

Participation rate

0.0%

0.0%0pp

3.1%-3.1pp

0.0%0pp

Annual return

16.49%

19.50%-3.0pp

8.35%+8.1pp

12.86%+3.6pp

Employer contribution / active EE

$266,565

$27,684+862.9%

$27,010+886.9%

$13,687+1847.6%

Participant deferral / active EE

$327-100.0%

$180-100.0%

$833-100.0%

Admin fee / account holder

$19,421-100.0%

Provider

Service type

Compensation

WELLINGTON TRUST COMPANY3+ years

Filed as: WELLINGTON MANAGEMENT

Service code 20 · EIN 04-1683227

Trustee (individual); Direct payment ...

$606,409

GRYPHON INTERNATIONAL INVESTMENT CO3+ years

Filed as: GRYPHON INTERNATIONAL INVESTMENT

Service code 28 · EIN 98-0444411

Investment Management

$448,403

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Filed as: FIDELITY INVEST INSTIT OPER CO

Service code 15 · EIN 04-2647786

Recordkeeping

$376,456

GRANTHAM, MAYO, VAN OTTERLOO & CO.3+ years

Filed as: GRANTHAM MAYO VANOTTERLOO & CO

Service code 25 · EIN 04-2691242

Directed Trustee

$244,140

NEW ENGLAND PENSION CONSULTANTS3+ years

Service code 16 · EIN 04-2927339

Consulting

$143,248

AON CONSULTING3+ years

Filed as: AON HEWITT

Service code 11 · EIN 36-2235791

Actuarial

$104,508

THE BANK OF NEW YORK MELLON1 year

Filed as: BNY MELLON

Service code 28 · EIN 13-2614959

Investment Management

$103,710

NORTHERN TRUST COMPANY2 years

Filed as: NORTHERN TRUST

Service code 21 · EIN 36-1561860

Bank Trustee

$89,568

COMERICA BANK3+ years

Service code 19 · EIN 42-1741646

Securities Custodian

$63,422

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