Plan Snapshot
- Plan Sponsor: Puget Sound Energy, INC.
- Sponsor EIN: 910374630
- Sponsor Address: P.O. BOX 97034, BELLEVUE, WA, 980099734
- Plan Type: DB
- Plan Number: 001
- Total Participants: 5,061
- Total Assets: $944.0M
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. |
|---|---|---|---|---|
| 2025 | 5,061 | $944.0M | $0 | $0 |
| 2024 | 1,805 | $830.1M | $18.0M | $0 |
| 2023 | 1,858 | $785.5M | $18.0M | $0 |
| 2022 | 1,911 | $696.9M | $18.0M | $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 |
|---|---|---|---|---|
| MILLIMAN, INC. | Other Service Provider | $566,849 | — | $566,849 |
| MFS HERITAGE TRUST COMPANY | Other Service Provider | $552,473 | — | $552,473 |
| PIMCO | Other Service Provider | $424,339 | — | $424,339 |
| BOSTON TRUST WALDEN INC | Other Service Provider | $356,417 | — | $356,417 |
| LOOMIS SAYLES & COMPANY, L.P. | Other Service Provider | $341,803 | — | $341,803 |
| DODGE & COX | Other Service Provider | $251,085 | — | $251,085 |
| U.S. BANK | Other Service Provider | $164,170 | — | $164,170 |
| CALLAN ASSOCIATES, INC. | Other Service Provider | $120,730 | — | $120,730 |
| BAKER TILLY | Other Service Provider | $45,150 | — | $45,150 |
| BLACKROCK INSTITUTIONAL TRUST CO. | Other Service Provider | $14,040 | — | $14,040 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,837,056
- Estimated Expense Ratio: 0.301% 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 |
|---|---|---|---|---|---|
| 2025 | $48,672,403 | $2,060,887 | — | $45,150 | — |
| 2024 | $3,318,206 | $1,942,471 | $441,963 | $40,850 | — |
| 2023 | $3,298,678 | $1,864,863 | $518,883 | $36,600 | — |
| 2022 | $3,634,782 | $2,274,885 | $463,312 | — | $422,353 |