Clean Energy 401(k) Review & Grade
Clean Energy 401(k) Plan
Newport Beach, CAUtilities526 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,310Employer $ per active participant
$9,727Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$75.9MNet plan assets, end of year
$114,995Average balance per account
Score breakdown
- Employer generosity8.1 / 5016th percentile for employer $ per participant
- Low cost17.1 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Utilities plans with 500–2,499 active participants (75 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 68th |
| Employee saving | 38th |
| Peers that auto-enroll | 76% |
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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
- Clean Energy put in about $3,310 per active participant, below the typical peer ($6,264). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $1,742,705 |
| Participant (employee) contributions | $5,121,034 |
| Other contributions (incl. rollovers in) | $360,997 |
| Administrative expenses paid from the plan | $87,335 |
| Investment advisory & management fees | $54,000 |
| Other admin expenses | $8,135 |
| Benefits paid out | $4,616,571 |
| Net assets, start / end of year | $62.8M / $75.9M |
| Active participants, start / end of year | 494 / 559 |
| Participants with account balances | 660 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| LPL Financial LLC | $40,500 reported compensation |
| Fidelity Workplace Services LLC | $25,200 reported compensation |
| Global Retirement Partners LLC | $21,635 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250909093647NAL0012496275001, received 2025-09-09, EIN 95-4603747, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.