Plan Snapshot
- Plan Sponsor: Centerpoint Energy, INC.
- Sponsor EIN: 740694415
- Sponsor Address: 1111 LOUISIANA ST, HOUSTON, TX, 770025230
- Plan Type: DB
- Total Participants: 4,706
- Total Assets: $1.1B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,706 | $1.1B | $120.0M | $980,000 |
| 2023 | 4,963 | $1.1B | $442,000 | $1.1M |
| 2022 | 5,287 | $1.1B | $51.5M | $966,000 |
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 |
|---|---|---|---|---|
| ALIGHT | NONE | $1,132,000 | — | $1,132,000 |
| PACIFIC INVESTMENT MANAGEMENT | NONE | $560,000 | — | $560,000 |
| NORTHERN TRUST COMPANY | NONE | $462,000 | — | $462,000 |
| LEGAL & GENERAL INVESTMENTS | NONE | $352,000 | — | $352,000 |
| AON CONSULTING | NONE | $336,000 | — | $336,000 |
| FIDELITY INSTITUTIONAL ASSET MANAGE | NONE | $281,000 | — | $281,000 |
| CALLAN LLC | NONE | $129,000 | — | $129,000 |
| WELLINGTON TRUST COMPANY | NONE | $123,000 | — | $123,000 |
| BSWIFT | NONE | $118,000 | — | $118,000 |
| FIDELITY INSTITUTIONAL ASSET MANAGE | NONE | $89,000 | — | $89,000 |
| BLUE CROSS BLUE SHIELD | NONE | $67,000 | — | $67,000 |
| DIMENSIONAL FUND ADVISORS, LP | NONE | $59,000 | — | $59,000 |
| DELTA DENTAL | NONE | $52,000 | — | $52,000 |
| MCCONNELL & JONES, LLP | NONE | $48,000 | — | $48,000 |
| CENTERPOINT ENERGY | PLAN SPONSOR | $37,000 | — | $37,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT — NONE
- AON CONSULTING — NONE
- MCCONNELL & JONES, LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,845,000
- Estimated Expense Ratio: 0.352% 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 | $13,675,000 | $1,593,000 | $219,000 | $48,000 | — |
| 2023 | $14,083,000 | $1,988,000 | $338,000 | $37,000 | — |
| 2022 | $13,514,000 | $2,308,000 | $1,498,000 | — | $534,000 |