Retirement plan

PACIFICORP K PLUS EMPLOYEE SAVINGS PLAN

Name: PACIFICORP - PACIFICORP K PLUS EMPLOYEE SAVINGS PLAN (2024) Form 5500
Creator: PACIFICORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACIFICORP K PLUS EMPLOYEE SAVINGS PLAN, PACIFICORP

PACIFICORPEIN 93-0246090Plan #009PY 2024

825 NE MULTNOMAH ST. SUITE 1800 - PORTLAND, OR 97232503-813-5040pacificorp.comLinkedIn5001-10000 employeesutilities

Other plans on this EIN

1 filing

#002Retirement-$746.9M assets

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed January 16, 2015 (most recent of 2 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.

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Total assets (EOY)

$1771.3M

-3.5% from 2016

Total participants

7,261

+3.6% from 2016

Average account balance

$246,041

-8.0% from 2016

Annual return

15.37%

-9.70 pp from 2016

Benchmarks

See 1,214 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,214 peers

Snapshot2024

Participant deferral / active EE

$10,969

median $4,571

Employer contribution / active EE

$10,733

median $2,271

Participation rate

98.8%

median 88.6%

Avg account balance

$246,041

median $72,364

Admin fee / account holder

$361

median $76

Annual return

15.37%

median 14.77%

Overall peer rank

69of 100

69th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$1.77B

Average account balance

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

$246K

Participants with account balance

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

7,199

Eligible Participants and Participation

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

98.8%

Contributions (total)

Employer and participant dollars contributed each year

$115.76M

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.37%

Admin fee / account holder

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

$361

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
GREAT-WEST LIFE & ANNUITY INSURANCE10+ years Filed as: ADVISED ASSETS GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$1,145,979
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Filed as: GREAT-WEST LIFE & ANNUITY INS CO Service code 15 · EIN 84-0467907	Recordkeeping	$676,841
JPMORGAN INVEST HOLDINGS LLC1 year Filed as: JPMORGAN CHASE BANK, N.A. Service code 28 · EIN 13-4994650	Investment Management	$294,221
PIMCO FUNDS6 years Filed as: PIMCO Service code 28 · EIN 33-0629048	Investment Management	$178,871
INVESCO10+ years Service code 28 · EIN 61-1190024	Investment Management	$150,094
MOSS ADAMS LLP4 years Service code 10 · EIN 91-1089318	Accounting	$53,000
AON CONSULTING4 years Filed as: AON INVESTMENTS USA INC Service code 16 · EIN 36-3109431	Consulting	$46,250
JACKSON LEWIS P.C.4 years Filed as: JACKSON LEWIS PC Service code 29 · EIN 46-3862389	Legal	$33,174
WILLIS TOWERS WATSON US LLC8 years Filed as: WILLIS TOWERS WATSON Service code 16 · EIN 53-0181291	Consulting	$12,962

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$2.6M

$488 / participant

Investment mgmt$2M84.9%
Legal$33K1.3%
Contract admin$292K11.2%
Other / not subdivided$67K2.6%

% of EOY assets

0.147%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: $53,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$246,041

$99,313+147.7%

$103,065+138.7%

$99,313+147.7%

Participation rate

98.8%

71.7%+27.1pp

80.6%+18.3pp

71.7%+27.1pp

Annual return

15.37%

17.67%-2.3pp

23.95%-8.6pp

17.67%-2.3pp

Employer contribution / active EE

$10,733

$3,264+228.8%

$4,675+129.6%

$3,264+228.8%

Participant deferral / active EE

$10,969

$5,346+105.2%

$6,625+65.6%

$5,346+105.2%

Admin fee / account holder

$361

$109+231.0%

$9,349-96.1%

$109+231.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE10+ years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$1,145,979

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Filed as: GREAT-WEST LIFE & ANNUITY INS CO

Service code 15 · EIN 84-0467907

Recordkeeping

$676,841

JPMORGAN INVEST HOLDINGS LLC1 year

Filed as: JPMORGAN CHASE BANK, N.A.

Service code 28 · EIN 13-4994650

Investment Management

$294,221

PIMCO FUNDS6 years

Filed as: PIMCO

Service code 28 · EIN 33-0629048

Investment Management

$178,871

INVESCO10+ years

Service code 28 · EIN 61-1190024

Investment Management

$150,094

MOSS ADAMS LLP4 years

Service code 10 · EIN 91-1089318

Accounting

$53,000

AON CONSULTING4 years

Filed as: AON INVESTMENTS USA INC

Service code 16 · EIN 36-3109431

Consulting

$46,250

JACKSON LEWIS P.C.4 years

Filed as: JACKSON LEWIS PC

Service code 29 · EIN 46-3862389

Legal

$33,174

WILLIS TOWERS WATSON US LLC8 years

Filed as: WILLIS TOWERS WATSON

Service code 16 · EIN 53-0181291

Consulting

$12,962

PACIFICORP K PLUS EMPLOYEE SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACIFICORP K PLUS EMPLOYEE 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