Retirement plan

CENTERPOINT ENERGY SAVINGS PLAN

Name: CENTERPOINT ENERGY, INC. - CENTERPOINT ENERGY SAVINGS PLAN (2015) Form 5500
Creator: CENTERPOINT ENERGY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTERPOINT ENERGY SAVINGS PLAN, CENTERPOINT ENERGY, INC.

CENTERPOINT ENERGY, INC.EIN 74-0694415Plan #015PY 2015

1111 LOUISIANA ST - HOUSTON, TX 770025230713-207-1111centerpointenergy.comLinkedIn5001-10000 employeesutilities

Other plans on this EIN

1 filing

#001Retirement-$1.84B assets

Prospect flagsLow returnsHigh fees

Top hat statement on fileNQDC

Filed December 15, 2009

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.

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Total assets (EOY)

$1815.3M

-9.4% from 2016

Total participants

9,622

-0.7% from 2016

Average account balance

$192,752

-8.8% from 2016

Annual return

-3.28%

-15.46 pp from 2016

Benchmarks

See 960 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort960 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.88B

Not enough data

1 years with asset history on file

Average account balance

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

$244K

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.

11,828

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.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$169.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+15.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$341

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 10 of 12 by compensation

Provider	Service type	Compensation
FINANCIAL ENGINE ADVISORS, LLC1+ years Service code 16 · EIN 94-3250323	Consulting	$1,608,401
HEWITT ASSOCIATES LLC1+ years Service code 15 · EIN 36-2235791	Recordkeeping	$728,230
GOLDMAN SACHS1+ years Filed as: GOLDMAN SACHS ASSET MANAGEMENT COMP Service code 28 · EIN 04-3211048	Investment Management	$269,891
NORTHERN TRUST COMPANY1+ years Service code 21 · EIN 36-1561860	Bank Trustee	$217,955
TRANSAMERICA RETIREMENT SOLUTIONS1+ years Filed as: TRANSAMERICA LIFE AND ANNUITY Service code 28 · EIN 93-0913483	Investment Management	$194,489
HEWITT ASSOCIATES LLC1+ years Filed as: HEWITT ENNIS KNUPP Service code 49 · EIN 36-3109431	Other Services	$151,032
BLACKROCK1+ years Service code 28 · EIN 94-3112180	Investment Management	$136,032
AMERICAN FUNDS1+ years Filed as: GW CAPITAL INC. Service code 28 · EIN 68-0204817	Investment Management	$88,191
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: MCCONNELL & JONES, LLP Service code 10 · EIN 76-0488832	Accounting	$29,345
LAW OFFICE OF MARTIN BOLD, LLC1+ years Service code 29 · EIN 27-0752157	Legal	$27,000

Plan features & details

Pension benefit codes2F2G2J2K2O3H

Plan features

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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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

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

$4.0M

$513 / participant

Investment mgmt$699K17.7%
Contract admin$728K18.4%
Other / not subdivided$3M63.9%

% of EOY assets

0.218%

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: MCCONNELL & JONES LLP
Auditor EIN: 760488832
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$192,752

$67,505+185.5%

$81,367+136.9%

$67,505+185.5%

Participation rate

97.4%

71.2%+26.1pp

82.3%+15.1pp

71.2%+26.1pp

Annual return

-3.28%

6.52%-9.8pp

-0.92%-2.4pp

6.52%-9.8pp

Employer contribution / active EE

$4,568

$2,173+110.2%

$3,930+16.2%

$2,173+110.2%

Participant deferral / active EE

$6,786

$3,597+88.7%

$5,383+26.1%

$3,597+88.7%

Admin fee / account holder

$420

$56+647.9%

$8,926-95.3%

$56+647.9%

Provider

Service type

Compensation

FINANCIAL ENGINE ADVISORS, LLC1+ years

Service code 16 · EIN 94-3250323

Consulting

$1,608,401

HEWITT ASSOCIATES LLC1+ years

Service code 15 · EIN 36-2235791

Recordkeeping

$728,230

GOLDMAN SACHS1+ years

Filed as: GOLDMAN SACHS ASSET MANAGEMENT COMP

Service code 28 · EIN 04-3211048

Investment Management

$269,891

NORTHERN TRUST COMPANY1+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$217,955

TRANSAMERICA RETIREMENT SOLUTIONS1+ years

Filed as: TRANSAMERICA LIFE AND ANNUITY

Service code 28 · EIN 93-0913483

Investment Management

$194,489

HEWITT ASSOCIATES LLC1+ years

Filed as: HEWITT ENNIS KNUPP

Service code 49 · EIN 36-3109431

Other Services

$151,032

BLACKROCK1+ years

Service code 28 · EIN 94-3112180

Investment Management

$136,032

AMERICAN FUNDS1+ years

Filed as: GW CAPITAL INC.

Service code 28 · EIN 68-0204817

Investment Management

$88,191

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: MCCONNELL & JONES, LLP

Service code 10 · EIN 76-0488832

Accounting

$29,345

LAW OFFICE OF MARTIN BOLD, LLC1+ years

Service code 29 · EIN 27-0752157

Legal

$27,000

CENTERPOINT ENERGY SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTERPOINT ENERGY SAVINGS PLAN

Top hat statement on fileNQDC

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