Portland General Electric Company 401(k) Review & Grade
Portland General Electric Company 401k Plan
Portland, ORUtilities2,855 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$13,214Employer $ per active participant
$14,560Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$1.2BNet plan assets, end of year
$302,243Average balance per account
Score breakdown
- Employer generosity48.6 / 5097th percentile for employer $ per participant
- Low cost13.9 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Utilities plans with 2,500–9,999 active participants (38 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 56th |
| Employee saving | 95th |
| Peers that auto-enroll | 82% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,571,350 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Portland General Electric put in about $13,214 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $37,725,687 |
| Participant (employee) contributions | $41,568,924 |
| Other contributions (incl. rollovers in) | $6,334,620 |
| Administrative expenses paid from the plan | $1,235,311 |
| Investment advisory & management fees | $846,721 |
| Other admin expenses | $159,490 |
| Benefits paid out | $112,745,613 |
| Net assets, start / end of year | $1.1B / $1.2B |
| Active participants, start / end of year | 2,842 / 2,868 |
| Participants with account balances | 4,085 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $603,683 reported compensation |
| Mercer Investments LLC | $402,528 reported compensation |
| Fidelity Inv. Inst. Ops. Co. | $92,049 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015011150NAL0005082864001, received 2025-10-15, EIN 93-0256820, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.