Centerpoint Energy, Inc. 401(k) Review & Grade
Centerpoint Energy Savings Plan
Houston, TXUtilities8,898 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,110Employer $ per active participant
$10,965Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$2.9BNet plan assets, end of year
$243,637Average balance per account
Score breakdown
- Employer generosity35.1 / 5070th percentile for employer $ per participant
- Low cost11.0 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving6.5 / 1543th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Utilities plans with 2,500–9,999 active participants (38 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 44th |
| Employee saving | 43th |
| Peers that auto-enroll | 82% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Centerpoint Energy put in about $8,110 per active participant, more than the typical peer ($6,490). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $72,167,928 |
| Participant (employee) contributions | $97,572,448 |
| Other contributions (incl. rollovers in) | $5,933,656 |
| Administrative expenses paid from the plan | $4,036,949 |
| Contract administrator fees | $30,377 |
| Investment advisory & management fees | $3,383,434 |
| Benefits paid out | $286,149,104 |
| Net assets, start / end of year | $2.6B / $2.9B |
| Active participants, start / end of year | 8,850 / 8,947 |
| Participants with account balances | 11,828 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mcconnell & Jones LLP |
| Employer stock held by plan | $177,054,923 |
Largest service providers (Schedule C)
| Voya Retirement Advisors, LLC | $1,848,538 reported compensation |
| T. Rowe Price Stable Assets Mgmt in | $882,856 reported compensation |
| Voya Institutional Plan Services | $379,264 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010114739NAL0004198851001, received 2025-10-10, EIN 74-0694415, plan #015, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.