Plan Snapshot
- Plan Sponsor: Cleco Power LLC
- Sponsor EIN: 720244480
- Sponsor Address: 2030 DONAHUE FERRY RD, PINEVILLE, LA, 713605226
- Plan Type: 401(k)
- Total Participants: 1,145
- Total Assets: $476.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,145 | $476.1M | $9.2M | $14.2M |
| 2023 | 1,355 | $450.7M | $9.3M | $14.2M |
| 2022 | 1,312 | $395.0M | $8.8M | $14.1M |
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 |
|---|---|---|---|---|
| MCELROY, QUIRK & BURCH | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $438,477 | — | $438,477 | — | — |
| 2023 | $413,711 | — | $413,711 | — | — |
| 2022 | $416,551 | — | $416,551 | — | — |