Retirement plan

PORTLAND GENERAL ELECTRIC COMPANY 401K PLAN

Name: PORTLAND GENERAL ELECTRIC COMPANY - PORTLAND GENERAL ELECTRIC COMPANY 401K PLAN (2022) 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 2022

121 SW SALMON STREET - PORTLAND, OR 972042901503-464-7250portlandgeneral.comLinkedIn1001-5000 employeesutilities

Other plans on this EIN

1 filing

#001Retirement-$547.3M assets

Prospect flagsLow returnsHigh fees

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.

Open the filing PDF

How to read this page

Total assets (EOY)

$971.8M

-18.4% from 2021

Total participants

4,214

+1.8% from 2021

Average account balance

$233,724

-20.0% from 2021

Annual return

-16.88%

-29.74 pp from 2021

Benchmarks

See 73 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants1,000-4,999

Cohort73 peers

Snapshot2022

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

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 6 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY6 years Filed as: VOYA INSTITUTIONAL TRUST COMPANY Service code 15 · EIN 71-0294708	Recordkeeping	$277,278
INVESCO8+ years Filed as: INVESCO CAPITAL MANAGEMENT Service code 28 · EIN 58-1707262	Investment Management	$218,765
WILLIS TOWERS WATSON US LLC1 year Filed as: TOWERS WATSON DELAWARE Service code 16 · EIN 53-0181291	Consulting	$88,540
MERCER8+ years Service code 28 · EIN 13-2834414	Investment Management	$74,777
GRANT THORNTON LLP8+ years Service code 10 · EIN 36-6055558	Accounting	$28,500
BLACKROCK1 year Filed as: BLACKROCK INSTL TRUST COMPANY Service code 16 · EIN 94-3112180	Consulting	$11,208

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.8M

$607 / participant

Investment mgmt$219K12.3%
Other / not subdivided$2M87.7%

% of EOY assets

0.183%

all-in expense ratio

Categories reported

1 / 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: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$233,724

$153,281+52.5%

$93,789+149.2%

$77,904+200.0%

Participation rate

98.1%

92.2%+5.9pp

81.0%+17.1pp

73.7%+24.4pp

Annual return

-16.88%

-5.55%-11.3pp

-11.33%-5.6pp

12.21%-29.1pp

Employer contribution / active EE

$10,024

$5,690+76.2%

$4,323+131.9%

$2,848+252.0%

Participant deferral / active EE

$12,427

$9,364+32.7%

$6,094+103.9%

$4,806+158.6%

Admin fee / account holder

$428

$114+275.5%

$7,195-94.0%

$133+223.2%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY6 years

Filed as: VOYA INSTITUTIONAL TRUST COMPANY

Service code 15 · EIN 71-0294708

Recordkeeping

$277,278

INVESCO8+ years

Filed as: INVESCO CAPITAL MANAGEMENT

Service code 28 · EIN 58-1707262

Investment Management

$218,765

WILLIS TOWERS WATSON US LLC1 year

Filed as: TOWERS WATSON DELAWARE

Service code 16 · EIN 53-0181291

Consulting

$88,540

MERCER8+ years

Service code 28 · EIN 13-2834414

Investment Management

$74,777

GRANT THORNTON LLP8+ years

Service code 10 · EIN 36-6055558

Accounting

$28,500

BLACKROCK1 year

Filed as: BLACKROCK INSTL TRUST COMPANY

Service code 16 · EIN 94-3112180

Consulting

$11,208

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