Retirement plan

CENTERPOINT ENERGY SAVINGS PLAN

Name: CENTERPOINT ENERGY, INC. - CENTERPOINT ENERGY SAVINGS PLAN (2017) 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 2017

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

Other plans on this EIN

1 filing

#001Retirement-$1.99B assets

Prospect flagsCorrective distributions

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)

$2256.4M

-9.4% from 2016

Total participants

9,768

-0.7% from 2016

Average account balance

$233,650

-8.8% from 2016

Annual return

16.52%

-15.46 pp from 2016

Benchmarks

See 1,075 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,075 peers

Snapshot2017

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 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT ASDVISORS, LLC Service code 13 · EIN 02-0488491	Contract Administrator	$1,508,345
GOLDMAN SACHS3+ years Filed as: GOLDMAN SACHS ASSET MANAGEMENT COMP Service code 28 · EIN 04-3211048	Investment Management	$224,691
VOYA RETIREMENT INSURANCE & ANNUITY2 years Filed as: ING INSTITUTIONAL PLAN SERVICES, LL Service code 64 · EIN 04-3516284	Recordkeeping Fees	$206,536
BLACKROCK3+ years Service code 28 · EIN 94-3112180	Investment Management	$195,325
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Filed as: TRANSAMERICA LIFE AND ANNUITY Service code 28 · EIN 93-0913483	Investment Management	$149,592
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL INSURANCE COMPANY Service code 28 · EIN 22-1211670	Investment Management	$102,743
NORTHERN TRUST COMPANY3+ years Service code 21 · EIN 36-1561860	Bank Trustee	$55,078
AON CONSULTING2 years Filed as: AON-HEWITT INVESTMENT CONSULTING Service code 16 · EIN 36-3109431	Consulting	$43,174
GRAY REED & MCGRAW PC2 years Service code 29 · EIN 76-0152805	Legal	$29,987
THE BANK OF NEW YORK MELLON1 year Filed as: MELLON CAPITAL MGMT. CORP Service code 16 · EIN 25-1442864	Consulting	$10,231

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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2.7M

$338 / participant

Investment mgmt$672K25.1%
Contract admin$2M63.9%
Other / not subdivided$297K11.0%

% of EOY assets

0.119%

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

$233,650

$177,276+31.8%

$97,995+138.4%

$177,276+31.8%

Participation rate

98.6%

74.8%+23.8pp

82.4%+16.2pp

74.8%+23.8pp

Annual return

16.52%

21.25%-4.7pp

23.94%-7.4pp

21.25%-4.7pp

Employer contribution / active EE

$5,220

$2,479+110.6%

$4,158+25.5%

$2,479+110.6%

Participant deferral / active EE

$7,604

$3,881+96.0%

$5,097+49.2%

$3,881+96.0%

Admin fee / account holder

$278

$154+80.4%

$5,943-95.3%

$154+80.4%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT ASDVISORS, LLC

Service code 13 · EIN 02-0488491

Contract Administrator

$1,508,345

GOLDMAN SACHS3+ years

Filed as: GOLDMAN SACHS ASSET MANAGEMENT COMP

Service code 28 · EIN 04-3211048

Investment Management

$224,691

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Filed as: ING INSTITUTIONAL PLAN SERVICES, LL

Service code 64 · EIN 04-3516284

Recordkeeping Fees

$206,536

BLACKROCK3+ years

Service code 28 · EIN 94-3112180

Investment Management

$195,325

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Filed as: TRANSAMERICA LIFE AND ANNUITY

Service code 28 · EIN 93-0913483

Investment Management

$149,592

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL INSURANCE COMPANY

Service code 28 · EIN 22-1211670

Investment Management

$102,743

NORTHERN TRUST COMPANY3+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$55,078

AON CONSULTING2 years

Filed as: AON-HEWITT INVESTMENT CONSULTING

Service code 16 · EIN 36-3109431

Consulting

$43,174

GRAY REED & MCGRAW PC2 years

Service code 29 · EIN 76-0152805

Legal

$29,987

THE BANK OF NEW YORK MELLON1 year

Filed as: MELLON CAPITAL MGMT. CORP

Service code 16 · EIN 25-1442864

Consulting

$10,231

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