Retirement plan

CENTERPOINT ENERGY SAVINGS PLAN

Name: CENTERPOINT ENERGY, INC. - CENTERPOINT ENERGY SAVINGS PLAN (2018) 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 2018

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

Other plans on this EIN

1 filing

#001Retirement-$1.81B 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)

$2108.9M

-9.4% from 2016

Total participants

9,913

-0.7% from 2016

Average account balance

$215,154

-8.8% from 2016

Annual return

-2.99%

-15.46 pp from 2016

Benchmarks

See 1,085 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,085 peers

Snapshot2018

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 11 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY2 years Filed as: VOYA RETIREMENT ASDVISORS, LLC Service code 26 · EIN 22-1862786	Advisory (Participants)	$1,639,208
GOLDMAN SACHS4+ years Filed as: GOLDMAN SACHS ASSET MANAGEMENT COMP Service code 28 · EIN 13-3575636	Investment Management	$291,446
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 15 · EIN 04-3516284	Recordkeeping	$223,097
TRANSAMERICA RETIREMENT SOLUTIONS4+ years Filed as: TRANSAMERICA LIFE AND ANNUITY Service code 28 · EIN 93-0913483	Investment Management	$142,764
CALLAN ASSOCIATES1 year Filed as: CALLAN MANAGEMENT Service code 16 · EIN 94-2192581	Consulting	$100,500
NORTHERN TRUST COMPANY4+ years Service code 21 · EIN 36-1561860	Bank Trustee	$85,628
BLACKROCK4+ years Service code 28 · EIN 94-3112180	Investment Management	$84,654
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: MCCONNELL AND JONES LLP Service code 10 · EIN 76-0488832	Accounting	$31,188
THE BANK OF NEW YORK MELLON2 years Filed as: MELLON CAPITAL MGMT. CORP Service code 28 · EIN 25-1442864	Investment Management	$23,727
GRAY REED & MCGRAW PC3 years Service code 17 · EIN 81-4045088	Pension Consulting	$11,325

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

$2.6M

$329 / participant

Recordkeeping$223K8.5%
Trustee / custodial$86K3.2%
Investment mgmt$2M86.5%
Contract admin$17K0.6%
Other / not subdivided$32K1.2%

% of EOY assets

0.125%

all-in expense ratio

Categories reported

4 / 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: $31,188
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$215,154

$68,904+212.3%

$90,782+137.0%

$68,904+212.3%

Participation rate

98.6%

74.1%+24.5pp

82.7%+16.0pp

74.1%+24.5pp

Annual return

-2.99%

1.07%-4.1pp

-3.42%+0.4pp

1.07%-4.1pp

Employer contribution / active EE

$5,378

$2,540+111.7%

$4,105+31.0%

$2,540+111.7%

Participant deferral / active EE

$8,289

$4,015+106.4%

$5,366+54.5%

$4,015+106.4%

Admin fee / account holder

$269

$71+277.7%

$5,908-95.4%

$71+277.7%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Filed as: VOYA RETIREMENT ASDVISORS, LLC

Service code 26 · EIN 22-1862786

Advisory (Participants)

$1,639,208

GOLDMAN SACHS4+ years

Filed as: GOLDMAN SACHS ASSET MANAGEMENT COMP

Service code 28 · EIN 13-3575636

Investment Management

$291,446

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA INSTITUTIONAL PLAN SERVICES

Service code 15 · EIN 04-3516284

Recordkeeping

$223,097

TRANSAMERICA RETIREMENT SOLUTIONS4+ years

Filed as: TRANSAMERICA LIFE AND ANNUITY

Service code 28 · EIN 93-0913483

Investment Management

$142,764

CALLAN ASSOCIATES1 year

Filed as: CALLAN MANAGEMENT

Service code 16 · EIN 94-2192581

Consulting

$100,500

NORTHERN TRUST COMPANY4+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$85,628

BLACKROCK4+ years

Service code 28 · EIN 94-3112180

Investment Management

$84,654

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: MCCONNELL AND JONES LLP

Service code 10 · EIN 76-0488832

Accounting

$31,188

THE BANK OF NEW YORK MELLON2 years

Filed as: MELLON CAPITAL MGMT. CORP

Service code 28 · EIN 25-1442864

Investment Management

$23,727

GRAY REED & MCGRAW PC3 years

Service code 17 · EIN 81-4045088

Pension Consulting

$11,325

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