Plan Snapshot
- Plan Sponsor: Cleco Power LLC
- Sponsor EIN: 720244480
- Sponsor Address: 2030 DONAHUE FERRY ROAD, PINEVILLE, LA, 713605226
- Plan Type: DB
- Total Participants: 303
- Total Assets: $414.2M
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 | 303 | $414.2M | $16.0M | $0 |
| 2023 | 370 | $422.8M | $14.9M | $0 |
| 2022 | 394 | $402.3M | $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 |
|---|---|---|---|---|
| LEGAL & GENERAL INVESTMENT MANAGEME | Other Service Provider | $731,784 | — | $731,784 |
| HEWITT ASSOCIATES LLC | Recordkeeper | $310,277 | — | $310,277 |
| MORGAN STANLEY INVESTMENT MANAGEMEN | Recordkeeper | $285,324 | — | $285,324 |
| TOWERS WATSON | Recordkeeper | $242,314 | — | $242,314 |
| NORTHERN TRUST COMPANY | Other Service Provider | $104,058 | — | $104,058 |
| MCELROY, QUIRK, & BURCH | Other Service Provider | $27,875 | — | $27,875 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HEWITT ASSOCIATES LLC — Recordkeeper
- MORGAN STANLEY INVESTMENT MANAGEMEN — Recordkeeper
- TOWERS WATSON — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,701,632
- Estimated Expense Ratio: 0.411% 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 | $3,265,158 | $1,319,793 | — | $27,875 | — |
| 2023 | $3,150,929 | $1,223,752 | — | $32,025 | — |
| 2022 | $3,669,099 | $1,756,590 | — | — | — |