Retirement plan

SOUTHERN CALIFORNIA GAS COMPANY PENSION PLAN

Name: SOUTHERN CALIFORNIA GAS COMPANY - SOUTHERN CALIFORNIA GAS COMPANY PENSION PLAN (2015) Form 5500
Creator: SOUTHERN CALIFORNIA GAS COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHERN CALIFORNIA GAS COMPANY PENSION PLAN, SOUTHERN CALIFORNIA GAS COMPANY

SOUTHERN CALIFORNIA GAS COMPANYEIN 95-1240705Plan #001PY 2015

488 8TH AVE HQ04N5 - SAN DIEGO, CA 921017123619-696-2000scpga.comLinkedIn11-50 employeesrecreational facilities and services

Other plans on this EIN

1 filing

#002Retirement-$1.70B assets

Prospect flagsHigh retiree %Low participationLow employer contribution

How to read this page

Total assets (EOY)

$1879.1M

-3.2% from 2016

Total participants

13,647

-0.6% from 2016

Average account balance

No prior year

Annual return

-2.47%

-10.96 pp from 2016

Benchmarks

See 181 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants5,000-9,999

Cohort181 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.36B

Not enough data

1 years with asset history on file

Average account balance

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

$195K

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.

3,467

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$95.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+3.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 10 of 21 by compensation

Provider	Service type	Compensation
XEROX CORPORATION1+ years Service code 65 · EIN 16-0468020	Account Maintenance	$1,586,860
WILLIS TOWERS WATSON US LLC1+ years Filed as: WILLIS TOWERS WATSON Service code 11 · EIN 23-1159360	Actuarial	$1,044,792
THE BANK OF NEW YORK MELLON1+ years Service code 18 · EIN 13-5160382	Custodial (other than securities)	$455,098
MONDRIAN INVESTMENT GROUP1+ years Filed as: MONDRIAN Service code 28 · EIN 56-2475915	Investment Management	$411,884
WILLIAM BLAIR1+ years Service code 28 · EIN 36-2214610	Investment Management	$369,979
STATE STREET GLOBAL ADVISORS1+ years Filed as: SSGA GLOBAL Service code 28 · EIN 04-1867445	Investment Management	$334,621
PRUDENTIAL RETIREMENT INSURANCE AND1+ years Filed as: PRUDENTIAL Service code 28 · EIN 22-2540245	Investment Management	$312,691
GIA PARTNERS1+ years Service code 28 · EIN 27-0498438	Investment Management	$304,562
BLACKROCK1+ years Filed as: BLACKROCK BGI Service code 28 · EIN 94-3112180	Investment Management	$267,379
PIMCO FUNDS1+ years Filed as: PIMCO Service code 28 · EIN 33-0629048	Investment Management	$259,207

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C1E3F3H

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$11.7M

$1418 / participant

Investment mgmt$4M33.7%
Contract admin$2M13.6%
Other / not subdivided$6M52.7%

% of EOY assets

0.620%

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: DELOITTE & TOUCHE
Auditor EIN: 133891517
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,105-100.0%

Participation rate

0.0%

0.0%0pp

11.1%-11.1pp

0.0%0pp

Annual return

-2.47%

3.11%-5.6pp

16.23%-18.7pp

3.11%-5.6pp

Employer contribution / active EE

$566

$9,361-94.0%

$17,605-96.8%

$9,361-94.0%

Participant deferral / active EE

$375-100.0%

$237-100.0%

$375-100.0%

Admin fee / account holder

$11-100.0%

Provider

Service type

Compensation

XEROX CORPORATION1+ years

Service code 65 · EIN 16-0468020

Account Maintenance

$1,586,860

WILLIS TOWERS WATSON US LLC1+ years

Filed as: WILLIS TOWERS WATSON

Service code 11 · EIN 23-1159360

Actuarial

$1,044,792

THE BANK OF NEW YORK MELLON1+ years

Service code 18 · EIN 13-5160382

Custodial (other than securities)

$455,098

MONDRIAN INVESTMENT GROUP1+ years

Filed as: MONDRIAN

Service code 28 · EIN 56-2475915

Investment Management

$411,884

WILLIAM BLAIR1+ years

Service code 28 · EIN 36-2214610

Investment Management

$369,979

STATE STREET GLOBAL ADVISORS1+ years

Filed as: SSGA GLOBAL

Service code 28 · EIN 04-1867445

Investment Management

$334,621

PRUDENTIAL RETIREMENT INSURANCE AND1+ years

Filed as: PRUDENTIAL

Service code 28 · EIN 22-2540245

Investment Management

$312,691

GIA PARTNERS1+ years

Service code 28 · EIN 27-0498438

Investment Management

$304,562

BLACKROCK1+ years

Filed as: BLACKROCK BGI

Service code 28 · EIN 94-3112180

Investment Management

$267,379

PIMCO FUNDS1+ years

Filed as: PIMCO

Service code 28 · EIN 33-0629048

Investment Management

$259,207

SOUTHERN CALIFORNIA GAS COMPANY PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHERN CALIFORNIA GAS COMPANY PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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