Plan Snapshot
- Plan Sponsor: Centerpoint Energy, INC.
- Sponsor EIN: 740694415
- Sponsor Address: 1111 LOUISIANA ST, HOUSTON, TX, 770025230
- Plan Type: 401(k)
- Total Participants: 8,947
- Total Assets: $2.9B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 8,947 | $2.9B | $72.2M | $97.6M |
| 2023 | 8,850 | $2.6B | $67.1M | $91.7M |
| 2022 | 9,430 | $2.4B | $67.1M | $89.6M |
| 2021 | 9,444 | $3.1B | $0 | $0 |
| 2020 | 9,187 | $2.7B | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| VOYA RETIREMENT ADVISORS, LLC | Recordkeeper | $1,848,538 | — | $1,848,538 |
| T. ROWE PRICE STABLE ASSETS MGMT IN | Investment Advisor | $882,856 | — | $882,856 |
| VOYA INSTITUTIONAL PLAN SERVICES | Recordkeeper | $379,264 | — | $379,264 |
| GOLDMAN SACHS ASSET MANAGEMENT COMP | Investment Advisor | $289,418 | — | $289,418 |
| NORTHERN TRUST COMPANY | Custodian / Trustee | $205,424 | — | $205,424 |
| BLACKROCK | Investment Advisor | $202,907 | — | $202,907 |
| CALLAN MANAGEMENT | Other Service Provider | $149,904 | — | $149,904 |
| MCCONNELL AND JONES LLP | Auditor | $38,450 | — | $38,450 |
| ALIGHT SOLUTIONS (TEMPO HOLDING) | Recordkeeper | $27,363 | — | $27,363 |
| MELLON CAPITAL MGMT. CORP | Investment Advisor | $9,811 | — | $9,811 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VOYA RETIREMENT ADVISORS, LLC — Recordkeeper
- GOLDMAN SACHS ASSET MANAGEMENT COMP — Investment Advisor
- MCCONNELL AND JONES LLP — Auditor
- ALIGHT SOLUTIONS (TEMPO HOLDING) — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,033,935
- Estimated Expense Ratio: 0.140% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $4,036,949 | $3,383,434 | $30,377 | $38,450 | — |
| 2023 | $3,550,030 | $1,055,338 | $1,805,307 | $39,470 | — |
| 2022 | $3,565,296 | $2,827,001 | $383,535 | — | $173,774 |
| 2021 | $4,224,495 | $3,364,920 | $18,225 | $47,345 | — |
| 2020 | $3,566,864 | $2,831,840 | $14,400 | $31,125 | — |