Engie Holdings Inc. 401(k) Review & Grade
Engie 401(k) Plan
Houston, TXUtilities3,266 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,737Employer $ per active participant
$9,516Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$560.3MNet plan assets, end of year
$122,424Average balance per account
Score breakdown
- Employer generosity14.9 / 5030th percentile for employer $ per participant
- Low cost18.8 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Utilities plans with 2,500–9,999 active participants (38 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 30th |
| Lower admin cost | 75th |
| Employee saving | 38th |
| 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
Corrective distributions: the plan refunded $5,025 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Engie Holdings put in about $4,737 per active participant, below the typical peer ($6,490). 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 | $15,474,450 |
| Participant (employee) contributions | $31,085,443 |
| Other contributions (incl. rollovers in) | $7,822,821 |
| Administrative expenses paid from the plan | $295,908 |
| Investment advisory & management fees | $88,732 |
| Benefits paid out | $52,477,657 |
| Net assets, start / end of year | $488.3M / $560.3M |
| Active participants, start / end of year | 3,229 / 3,304 |
| Participants with account balances | 4,577 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mcconnell & Jones LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $184,601 reported compensation |
| Buck Global LLC | $87,831 reported compensation |
| Mcconnell & Jones LLP | $22,575 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008144813NAL0003086915001, received 2025-10-08, EIN 47-0977302, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.