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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP LLC | Investment Advisor | $359,750 | — | $359,750 |
| EMPOWER ANNUITY INS CO -TRP BLUE CH | Other Service Provider | — | $270,318 | $270,318 |
| WILLIAM BLAIR SMALL-MID CAP GR I | Other Service Provider | — | $113,210 | $113,210 |
| T. ROWE PRICE RETIREMENT 2030 TRUST | Other Service Provider | — | $98,396 | $98,396 |
| T. ROWE PRICE RETIREMENT 2035 TRUST | Other Service Provider | — | $89,098 | $89,098 |
| T. ROWE PRICE RETIREMENT 2045 TRUST | Other Service Provider | — | $78,583 | $78,583 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $78,127 | — | $78,127 |
| INVESCO STABLE VALUE TRUST CI B1 | Other Service Provider | — | $77,144 | $77,144 |
| T. ROWE PRICE RETIREMENT 2040 TRUST | Other Service Provider | — | $76,113 | $76,113 |
| MFS INTERNATIONAL EQUITY CIT CL 3B | Other Service Provider | — | $54,432 | $54,432 |
| T. ROWE PRICE RETIREMENT 2025 TRUST | Other Service Provider | — | $48,481 | $48,481 |
| T. ROWE PRICE RETIREMENT 2055 TRUST | Other Service Provider | — | $41,176 | $41,176 |
| T. ROWE PRICE RETIREMENT 2050 TRUST | Other Service Provider | — | $40,564 | $40,564 |
| DFA US TARGETED VALUE I | Other Service Provider | — | $37,541 | $37,541 |
| BLACKROCK MSCI ACWI EX-US IMI INDEX | Other Service Provider | — | $34,395 | $34,395 |
| T. ROWE PRICE RETIREMENT 2015 TRUST | Other Service Provider | — | $25,706 | $25,706 |
| T. ROWE PRICE RETIREMENT 2020 TRUST | Other Service Provider | — | $24,732 | $24,732 |
| BLACKROCK US DEBT INDEX NL-W | Other Service Provider | — | $18,733 | $18,733 |
| T. ROWE PRICE RETIREMENT 2060 TRUST | Other Service Provider | — | $17,206 | $17,206 |
| BLACKROCK EQUITY INDEX NL M | Other Service Provider | — | $16,349 | $16,349 |
| BLACKROCK RUSSELL 2500 INDEX | Other Service Provider | — | $11,003 | $11,003 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,611,057
- Estimated Expense Ratio: 0.338% 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 | $438,477 | — | $438,477 | — | — |
| 2023 | $413,711 | — | $413,711 | — | — |
| 2022 | $416,551 | — | $416,551 | — | — |