Retirement plan

PORTLAND GENERAL ELECTRIC COMPANY 401K PLAN

Name: PORTLAND GENERAL ELECTRIC COMPANY - PORTLAND GENERAL ELECTRIC COMPANY 401K PLAN (2015) 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 2015

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

Other plans on this EIN

1 filing

#001Retirement-$552.5M assets

Prospect flagsNo flags tripped

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)

$676.7M

No prior year

Total participants

4,342

No prior year

Average account balance

$155,855

No prior year

Annual return

-0.38%

No prior year

Benchmarks

See 68 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants1,000-4,999

Cohort68 peers

Snapshot2015

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

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 8 by compensation

Provider	Service type	Compensation
HEWITT ASSOCIATES LLC1+ years Service code 15 · EIN 36-2235791	Recordkeeping	$348,946
INVESCO1+ years Filed as: INVESCO CAPITAL MANAGEMENT Service code 28 · EIN 58-1707262	Investment Management	$220,593
GROOM LAW GROUP1+ years Service code 29 · EIN 52-1219029	Legal	$160,672
MERCER1+ years Service code 28 · EIN 13-2834414	Investment Management	$124,815
VOYA RETIREMENT INSURANCE & ANNUITY1+ years Filed as: VOYA FINANCIAL Service code 15 · EIN 71-0294708	Recordkeeping	$112,900
NORTHERN TRUST COMPANY1+ years Service code 21 · EIN 36-1561860	Bank Trustee	$90,311
GRANT THORNTON LLP1+ years Service code 10 · EIN 36-6055558	Accounting	$23,350
VERNON CONSULTING1+ years Service code 26 · EIN 26-3915791	Advisory (Participants)	$13,560

Plan features & details

Pension benefit codes2E2F2G2J2K2R3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$434 / participant

Investment mgmt$345K29.6%
Other / not subdivided$823K70.4%

% of EOY assets

0.173%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$155,855

$128,472+21.3%

$81,367+91.5%

$59,188+163.3%

Participation rate

100.0%

92.5%+7.5pp

82.3%+17.7pp

69.4%+30.6pp

Annual return

-0.38%

1.24%-1.6pp

-0.92%+0.5pp

5.51%-5.9pp

Employer contribution / active EE

$6,080

$3,689+64.8%

$3,930+54.7%

$2,098+189.8%

Participant deferral / active EE

$8,961

$6,963+28.7%

$5,383+66.5%

$3,265+174.5%

Admin fee / account holder

$269

$71+277.3%

$8,926-97.0%

$92+191.8%

Provider

Service type

Compensation

HEWITT ASSOCIATES LLC1+ years

Service code 15 · EIN 36-2235791

Recordkeeping

$348,946

INVESCO1+ years

Filed as: INVESCO CAPITAL MANAGEMENT

Service code 28 · EIN 58-1707262

Investment Management

$220,593

GROOM LAW GROUP1+ years

Service code 29 · EIN 52-1219029

Legal

$160,672

MERCER1+ years

Service code 28 · EIN 13-2834414

Investment Management

$124,815

VOYA RETIREMENT INSURANCE & ANNUITY1+ years

Filed as: VOYA FINANCIAL

Service code 15 · EIN 71-0294708

Recordkeeping

$112,900

NORTHERN TRUST COMPANY1+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$90,311

GRANT THORNTON LLP1+ years

Service code 10 · EIN 36-6055558

Accounting

$23,350

VERNON CONSULTING1+ years

Service code 26 · EIN 26-3915791

Advisory (Participants)

$13,560

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