Plan Ledger DOL Form 5500 · updated monthly

Public Service Enterprise Group Incorporated401(k) + ESOP (KSOP)

PUBLIC SERVICE ENTERPRISE GROUP INC. THRIFT & TAX DEFERRED SAVINGS PLAN · NEWARK, NJ · plan year 2024

Employer contribution per participant · 2024
$4,897

Public Service Enterprise Group Incorporated's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $2,277,238,892 across 4,063 participant accounts, with employer contributions averaging $4,897 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other management of companies employers. By assets it is the 31st-largest of 2,419 plans among New Jersey employers on file, and the 26th of 786 in management of companies. In 2024, employees put in $3.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,277,238,892
Participants with balances4,063
Active participants4,086
Employer contributions$20,010,229
Employee contributions$72,564,360
Employer contribution per active participant$4,897
Average account balance$560,482
Benefits paid to participants$239,161,029
Plan auditUnmodified (clean) audit opinion
AuditorKRONICK, KALADA, BERDY & CO., P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$2.3B · 4,063 accts · $20.0M emplr
2023$2.1B · 3,801 accts · $19.9M emplr
2022$1.9B · 3,872 accts · $19.9M emplr
The Public Service Enterprise Group Incorporated 401(k) match · 2024
Employer contribution per active participant$4,897
Median for plans this size$5,259
2024$4,897 per active participant
2023$5,156 per active participant
2022$5,069 per active participant

Public Service Enterprise Group Incorporated's 2024 employer contribution ran below the $5,259 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
All plans at this employer2
PUBLIC SERVICE ENTERPRISE GROUP INC. THRIFT & TAX DEFERRED SAVINGS PLAN401(k) + ESOP (KSOP)
PUBLIC SERVICE ENTERPRISE GROUP INC. EMPLOYEE SAVINGS PLAN401(k) + ESOP (KSOP)
Same employer
Similar plansManagement of Companies · New Jersey
Pearson Education Inc NJ$2.4B · 0.07%
Colas Inc and Subsidiaries NJ$555.2M · 0.14%
Halma Holdings Inc. NJ$294.0M · 0.15%
Indel Inc. NJ$99.1M · 0.02%
Redi-Direct Marketing, Inc. NJ$21.7M · 0.09%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 222625848 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.