Retirement plan

PG&E CORP. RETIREMENT SAVINGS PLAN FOR UNION-REPRESENTED EMPLOYEES

Name: PG&E CORPORATION - PG&E CORP. RETIREMENT SAVINGS PLAN FOR UNION-REPRESENTED EMPLOYEES (2023) Form 5500
Creator: PG&E CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PG&E CORP. RETIREMENT SAVINGS PLAN FOR UNION-REPRESENTED EMPLOYEES, PG&E CORPORATION

PG&E CORPORATIONEIN 94-3234914Plan #002PY 2023

300 LAKESIDE DRIVE, ATTENTION BENEFITS DEPARTMENT - OAKLAND, CA 94612415-973-4357

Other plans on this EIN

1 filing

#001Retirement-$4.25B assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed November 29, 2023 (most recent of 4 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

300 Lakeside Drive

Oakland, CA 94612

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Plans declared (5)

PG&E Corporation 2005 Supplemental Retirement Savings Plan336 emp
Supplemental Executive Retirement Plan of PG&E Corporation117 emp
PG&E Corporation Defined Contribution Executive Supplemental Retirement Plan58 emp
PG&E Corporation Supplemental Retirement Savings Plan11 emp
PG&E Corporation 2012 Officer Severance Policy61 emp

Total covered: 583 employees

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Total assets (EOY)

$4398.2M

-5.5% from 2016

Total participants

19,925

+3.4% from 2016

Average account balance

$226,503

-5.8% from 2016

Annual return

16.26%

-8.40 pp from 2016

Benchmarks

See 1,196 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,196 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.97B

Not enough data

1 years with asset history on file

Average account balance

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

$248K

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.

20,021

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.

98.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$361.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+12.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$152

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 2 by compensation

Provider	Service type	Compensation
FINANCIAL ENGINES4 years Filed as: EDELMAN FINANCIAL ENGINES Service code 27 · EIN 47-5324976	Advisory (Plan)	$2,662,711
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$603,356

Plan features & details

Pension benefit codes2F2H2J2K2O2R2S2T

Plan features

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2.9M

$171 / participant

Recordkeeping$277K9.4%
Investment mgmt$3M90.6%

% of EOY assets

0.067%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MAH & ASSOCIATES, LLP
Auditor EIN: 943342694
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$226,503

$96,393+135.0%

$112,504+101.3%

$96,393+135.0%

Participation rate

97.0%

71.3%+25.8pp

80.6%+16.5pp

71.3%+25.8pp

Annual return

16.26%

22.88%-6.6pp

34.13%-17.9pp

22.88%-6.6pp

Employer contribution / active EE

$4,953

$3,239+52.9%

$4,571+8.3%

$3,239+52.9%

Participant deferral / active EE

$14,508

$5,455+166.0%

$6,522+122.5%

$5,455+166.0%

Admin fee / account holder

$151

$74+104.9%

$7,048-97.9%

$74+104.9%

Provider

Service type

Compensation

FINANCIAL ENGINES4 years

Filed as: EDELMAN FINANCIAL ENGINES

Service code 27 · EIN 47-5324976

Advisory (Plan)

$2,662,711

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$603,356

PG&E CORP. RETIREMENT SAVINGS PLAN FOR UNION-REPRESENTED EMPLOYEES

Top hat statement on fileNQDC

Plan administrator

Plans declared (5)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PG&E CORP. RETIREMENT SAVINGS PLAN FOR UNION-REPRESENTED EMPLOYEES

Top hat statement on fileNQDC

Plan administrator

Plans declared (5)

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