Plan Ledger DOL Form 5500 · updated monthly

Portland General Electric Company401(k)

PORTLAND GENERAL ELECTRIC COMPANY 401K PLAN · PORTLAND, OR · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Portland General Electric Company reported $1,235,311 in plan administrative expenses for 2024: 0.11% of average plan assets, higher than ~75% of peers. Employer contributions averaged $13,154 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 fell from 0.16% to 0.11%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other utilities employers. By assets it is the 11th-largest of 1,021 plans among Oregon employers on file, and the 39th of 412 in utilities. In 2024, employees put in $1.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,234,662,415
Participants with balances4,085
Active participants2,868
Employer contributions$37,725,687
Employee contributions$41,568,924
Employer contribution per active participant$13,154
Average account balance$302,243
Benefits paid to participants$112,745,613
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.2B · 4,085 accts · $37.7M emplr
2023$1.1B · 4,050 accts · $33.9M emplr
2022$971.5M · 4,158 accts · $29.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$92,049
Investment management$846,721
Audit (IQPA)$47,499
Total administrative$1,235,311
The Portland General Electric Company 401(k) match · 2024
Employer contribution per active participant$13,154
Median for plans this size$5,259
2024$13,154 per active participant
2023$11,911 per active participant
2022$10,024 per active participant

Portland General Electric Company's 2024 employer contribution ran above the $5,259 median for plans its size, placing it in the top quarter of its peers. 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 · 20246
FIDELITY INV. INST. OPS. CO. · Recordkeeping · Loan processing$92,049
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$603,683
MERCER INVESTMENTS LLC · Investment management$402,528
SEYFARTH SHAW · Legal$75,210
GRANT THORNTON LLP · Accounting / audit$47,499
TOWERS WATSON DELAWARE · Consulting$14,342

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

Recordkeeper by year2
2024Fidelity
2023Voya

This plan has changed recordkeepers within these filings. If you left Portland General Electric Company before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,235,311 · 0.11%
2023$1,284,816 · 0.12%
2022$1,781,181 · 0.16%
Same employer
Similar plansUtilities · Oregon
Pacificorp OR$1.8B · 0.15%
Puget Sound Energy, Inc. WA$1.3B · 0.01%
Mdu Resources Group, Inc. ND$1.3B · 0.03%
Atmos Energy Corporation TX$1.1B · 0.03%
NV Energy, Inc. NV$1.1B · 0.07%
Veolia North America, LLC MA$1.0B · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930256820 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.