Puget Sound Energy 401(k) match, vesting and fees
What Puget Sound Energy's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | T Rowe Price Rps Inc | Schedule C ↗ |
| Independent auditor | Baker Tilly US, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 87 defined-contribution plans in utilities with 1,000 to 4,999 participants.
| Puget Sound Energy: employer contribution per participant | $7,352 | |
| Peer median | $5,188 |
| Puget Sound Energy: average balance | $308,086 | |
| Peer median | $183,243 |
| Puget Sound Energy: admin expenses ÷ assets | 0.01% | |
| Peer median | 0.09% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $1.2B at the end of plan year 2023 to $1.3B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 4,428 | $1.3B | $32M | $7,352 | 0.01% | Not published | Form 5500 ↗ |
| 2023 | 4,561 | $1.2B | $30.5M | $6,801 | 0.01% | Not published | Form 5500 ↗ |
Other Puget Sound Energy plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Retirement Plan for Employees of Puget Sound Energy, Inc.
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Milliman, Inc. | Schedule C ↗ |
| Independent auditor | Baker Tilly US, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Puget Sound Energy match 401(k) contributions?
The match terms for the Investment Plan for Employees of Puget Sound Energy, Inc. have not been published from its filing yet. The plan year 2024 filing reports $32M in employer contributions, about $7,352 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Puget Sound Energy 401(k) match vested?
The vesting schedule for the Investment Plan for Employees of Puget Sound Energy, Inc. is not in the data published so far. Your Summary Plan Description states it.
Who manages the Puget Sound Energy 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is T Rowe Price Rps Inc. The plan administrator is Investment Plan Administrative Committee for Puget Sound Energy.
I left Puget Sound Energy. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Investment Plan Administrative Committee for Puget Sound Energy, (425) 456-2585) or the recordkeeper, T Rowe Price Rps Inc. The Puget Sound Energy old 401(k) page lists the contacts from every plan filing. Find an old Puget Sound Energy 401(k)
Data from the public Form 5500 annual reports Puget Sound Energy filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Puget Sound Energy. Not financial advice. Report a correction · Methodology