Retirement plan

PACIFIC GAS AND ELECTRIC COMPANY RETIREMENT PLAN

Name: PACIFIC GAS AND ELECTRIC COMPANY - PACIFIC GAS AND ELECTRIC COMPANY RETIREMENT PLAN (2017) Form 5500
Creator: PACIFIC GAS AND ELECTRIC COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACIFIC GAS AND ELECTRIC COMPANY RETIREMENT PLAN, PACIFIC GAS AND ELECTRIC COMPANY

PACIFIC GAS AND ELECTRIC COMPANYEIN 94-0742640Plan #001PY 2017

P.O. BOX 5546 - CONCORD, CA 94524925-349-2521pge.comLinkedIn10001+ employeesutilities

Prospect flagsHigh retiree %

Top hat statement on fileNQDC

Filed November 29, 2023

Plan administrator

Plan administrator name— Sign in and upgrade to view

300 Lakeside Drive

Oakland, CA 94612

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Plans declared (2)

Retirement Excess Benefit Plan of the Pacific Gas and Electric Company70 emp
Supplemental Executive Retirement Plan of the Pacific Gas and Electric Company47 emp

Total covered: 117 employees

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Total assets (EOY)

$17166.6M

-6.7% from 2016

Total participants

51,190

-1.4% from 2016

Average account balance

No prior year

Annual return

15.69%

-10.89 pp from 2016

Benchmarks

See 240 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants>=10,000

Cohort240 peers

Snapshot2017

Participant deferral / active EE

median $34

Employer contribution / active EE

$15,144

median $8,645

Participation rate

0.0%

median 0.0%

Avg account balance

median $14,491,905

Admin fee / account holder

median $81,210

Annual return

15.69%

median 13.24%

Overall peer rank

71of 100

71st percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$17.61B

Average account balance

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

$299K

Participants with account balance

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

30,319

Eligible Participants and Participation

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

0.0%

Contributions (total)

Employer and participant dollars contributed each year

$328.13M

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+1.38%

Admin fee / account holder

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

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 10 of 47 by compensation

Provider	Service type	Compensation
CONDUENT HR CONSULTING, LLC1 year Filed as: CONDUENT INCORPORATED Service code 15 · EIN 81-2983623	Recordkeeping	$2,423,002
BLACKROCK3+ years Filed as: BLACKROCK FINANCIAL Service code 28 · EIN 13-3806691	Investment Management	$2,215,112
NISA INVESTMENT ADVISORS, LLC3+ years Service code 28 · EIN 48-1140940	Investment Management	$1,982,056
PIMCO FUNDS3+ years Filed as: PIMCO Service code 27 · EIN 33-0629048	Advisory (Plan)	$1,966,484
JPMORGAN INVEST HOLDINGS LLC1 year Filed as: JPMORGAN CHASE BANK, NATIONAL ASSOC Service code 24 · EIN 13-4994650	Discretionary Trustee	$1,811,153
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL INSURANCE CO. Service code 28 · EIN 22-1211670	Investment Management	$1,736,740
DODGE & COX3+ years Service code 28 · EIN 94-1441976	Investment Management	$1,688,031
OAKTREE CAPITAL MANAGEMENT, L.P.3+ years Filed as: OAKTREE CAPITAL MGMT LP Service code 28 · EIN 26-0189082	Investment Management	$1,653,500
AQR CAPITAL MANAGEMENT LLC3+ years Filed as: AQR CAPITAL MANAGEMENT Service code 28 · EIN 13-3987414	Investment Management	$1,633,894
ANALYTIC INVESTORS, LLC3+ years Filed as: ANALYTIC INVESTORS Service code 28 · EIN 95-2665790	Investment Management	$1,370,353

Enrolled actuary

1 attachment

JOHN COATES, ASA, EA

WILLIS TOWERS WATSON

Enrollment #1704116

345 CALIFORNIA STREET, SUITE 2000

SAN FRANCISCO, CA 94104

(415) 733-4100

Signed 2018-09-25

Plan features & details

Pension benefit codes1A1C1E3H3F

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1E
Section 401(h) arrangement
Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$35.1M

$1524 / participant

Investment mgmt$27M78.2%
Contract admin$5M13.6%
Other / not subdivided$3M8.2%

% of EOY assets

0.204%

all-in expense ratio

Categories reported

2 / 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: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,491,905-100.0%

$9,655,338-100.0%

$14,491,905-100.0%

Participation rate

0.0%

5.3%-5.3pp

7.4%-7.4pp

5.3%-5.3pp

Annual return

15.69%

1057.21%-1041.5pp

11.12%+4.6pp

1057.21%-1041.5pp

Employer contribution / active EE

$15,144

$14,374+5.4%

$22,651-33.1%

$14,374+5.4%

Participant deferral / active EE

$351-100.0%

$198-100.0%

$351-100.0%

Admin fee / account holder

$81,210-100.0%

$57,986-100.0%

$81,210-100.0%

Provider

Service type

Compensation

CONDUENT HR CONSULTING, LLC1 year

Filed as: CONDUENT INCORPORATED

Service code 15 · EIN 81-2983623

Recordkeeping

$2,423,002

BLACKROCK3+ years

Filed as: BLACKROCK FINANCIAL

Service code 28 · EIN 13-3806691

Investment Management

$2,215,112

NISA INVESTMENT ADVISORS, LLC3+ years

Service code 28 · EIN 48-1140940

Investment Management

$1,982,056

PIMCO FUNDS3+ years

Filed as: PIMCO

Service code 27 · EIN 33-0629048

Advisory (Plan)

$1,966,484

JPMORGAN INVEST HOLDINGS LLC1 year

Filed as: JPMORGAN CHASE BANK, NATIONAL ASSOC

Service code 24 · EIN 13-4994650

Discretionary Trustee

$1,811,153

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL INSURANCE CO.

Service code 28 · EIN 22-1211670

Investment Management

$1,736,740

DODGE & COX3+ years

Service code 28 · EIN 94-1441976

Investment Management

$1,688,031

OAKTREE CAPITAL MANAGEMENT, L.P.3+ years

Filed as: OAKTREE CAPITAL MGMT LP

Service code 28 · EIN 26-0189082

Investment Management

$1,653,500

AQR CAPITAL MANAGEMENT LLC3+ years

Filed as: AQR CAPITAL MANAGEMENT

Service code 28 · EIN 13-3987414

Investment Management

$1,633,894

ANALYTIC INVESTORS, LLC3+ years

Filed as: ANALYTIC INVESTORS

Service code 28 · EIN 95-2665790

Investment Management

$1,370,353

PACIFIC GAS AND ELECTRIC COMPANY RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

JOHN COATES, ASA, EA

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACIFIC GAS AND ELECTRIC COMPANY RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

JOHN COATES, ASA, EA

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