Retirement plan

PORTLAND GENERAL ELECTRIC COMPANY 401K PLAN

Name: PORTLAND GENERAL ELECTRIC COMPANY - PORTLAND GENERAL ELECTRIC COMPANY 401K PLAN (2024) Form 5500
Creator: PORTLAND GENERAL ELECTRIC COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PORTLAND GENERAL ELECTRIC COMPANY 401K PLAN, PORTLAND GENERAL ELECTRIC COMPANY

PORTLAND GENERAL ELECTRIC COMPANYEIN 93-0256820Plan #005PY 2024

121 SW SALMON STREET - PORTLAND, OR 972042901503-464-7693portlandgeneral.comLinkedIn1001-5000 employeesutilities

Other plans on this EIN

1 filing

#001Retirement-$491.8M assets

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributions

Top hat statement on fileNQDC

Filed November 20, 1990

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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How to read this page

Total assets (EOY)

$1234.8M

+11.7% from 2023

Total participants

4,096

+1.1% from 2023

Average account balance

$302,267

+10.8% from 2023

Annual return

14.74%

-3.30 pp from 2023

Benchmarks

See 70 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants1,000-4,999

Cohort70 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.23B

Not enough data

1 years with asset history on file

Average account balance

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

$302K

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.

4,085

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.

99.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$79.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+14.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$302

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 6 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$603,683
MERCER2 years Filed as: MERCER INVESTMENTS LLC Service code 28 · EIN 30-0282430	Investment Management	$402,528
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INV. INST. OPS. CO. Service code 15 · EIN 04-2647786	Recordkeeping	$92,049
SEYFARTH SHAW LLP2 years Filed as: SEYFARTH SHAW Service code 29 · EIN 36-2152202	Legal	$75,210
GRANT THORNTON LLP10+ years Service code 10 · EIN 36-6055558	Accounting	$47,499
WILLIS TOWERS WATSON US LLC3 years Filed as: TOWERS WATSON DELAWARE Service code 16 · EIN 53-0181291	Consulting	$14,342

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3F

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$431 / participant

Recordkeeping$92K7.5%
Investment mgmt$847K68.5%
Legal$75K6.1%
Actuarial$14K1.2%
Other / not subdivided$207K16.8%

% of EOY assets

0.100%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: $47,499
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$302,267

$188,991+59.9%

$103,476+192.1%

$199,593+51.4%

Participation rate

99.6%

93.2%+6.4pp

80.5%+19.1pp

72.0%+27.6pp

Annual return

14.74%

15.75%-1.0pp

23.90%-9.2pp

34.25%-19.5pp

Employer contribution / active EE

$13,154

$6,583+99.8%

$4,672+181.6%

$3,034+333.5%

Participant deferral / active EE

$14,494

$10,334+40.3%

$6,623+118.9%

$5,087+184.9%

Admin fee / account holder

$302

$114+164.1%

$9,413-96.8%

$269+12.5%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.2 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$603,683

MERCER2 years

Filed as: MERCER INVESTMENTS LLC

Service code 28 · EIN 30-0282430

Investment Management

$402,528

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INV. INST. OPS. CO.

Service code 15 · EIN 04-2647786

Recordkeeping

$92,049

SEYFARTH SHAW LLP2 years

Filed as: SEYFARTH SHAW

Service code 29 · EIN 36-2152202

Legal

$75,210

GRANT THORNTON LLP10+ years

Service code 10 · EIN 36-6055558

Accounting

$47,499

WILLIS TOWERS WATSON US LLC3 years

Filed as: TOWERS WATSON DELAWARE

Service code 16 · EIN 53-0181291

Consulting

$14,342

PORTLAND GENERAL ELECTRIC COMPANY 401K PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PORTLAND GENERAL ELECTRIC COMPANY 401K 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