Plan Ledger DOL Form 5500 · updated monthly

Clean Energy401(k)

CLEAN ENERGY 401(K) PLAN · NEWPORT BEACH, CA · plan year 2024

Reported admin expense ratio · 2024
0.13%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Clean Energy reported $87,335 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $3,118 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.10% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other utilities employers. By assets it is the 1,248th-largest of 9,483 plans among California employers on file, and the 149th of 412 in utilities. In 2024, employees put in $2.94 for every $1.00 the employer contributed; active participation has grown from 469 to 559 since 2022.

Plan summary
Net assets, end of year$75,896,891
Participants with balances660
Active participants559
Employer contributions$1,742,705
Employee contributions$5,121,034
Employer contribution per active participant$3,118
Average account balance$114,995
Benefits paid to participants$4,616,571
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$75.9M · 660 accts · $1.7M emplr
2023$62.8M · 635 accts · $1.9M emplr
2022$52.8M · 602 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,200
Investment management$54,000
Total administrative$87,335
The Clean Energy 401(k) match · 2024
Employer contribution per active participant$3,118
Median for plans this size$3,635
2024$3,118 per active participant
2023$3,894 per active participant
2022$3,432 per active participant

Clean Energy's 2024 employer contribution ran below the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
LPL FINANCIAL LLC · Investment advisory (plan)$40,500
FIDELITY WORKPLACE SERVICES LLC · Plan administrator · Trustee (discretionary)$25,200
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$21,635

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$87,335 · 0.13%
2023$65,105 · 0.11%
2022$59,924 · 0.10%
Same employer
Similar plansUtilities · California
Edf Renewables CA$123.2M · 0.12%
Borrego Energy, LLC CA$27.5M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954603747 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.