Talen Energy Supply, LLC 401(k) Review & Grade
Talen Energy Retirement Savings Plan
Houston, TXUtilities1,888 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$12,796Employer $ per active participant
$14,450Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$663.8MNet plan assets, end of year
$249,636Average balance per account
Score breakdown
- Employer generosity47.3 / 5095th percentile for employer $ per participant
- Low cost19.1 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score85 / 100 · Grade A
This plan vs. peers
Peers: Utilities plans with 500–2,499 active participants (75 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 76th |
| Employee saving | 80th |
| Peers that auto-enroll | 76% |
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Red flags from the filing
Corrective distributions: the plan refunded $862 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Talen Energy Supply put in about $12,796 per active participant, more than the typical peer ($6,264). 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 | $24,164,841 |
| Participant (employee) contributions | $27,288,467 |
| Other contributions (incl. rollovers in) | $1,971,590 |
| Administrative expenses paid from the plan | $541,451 |
| Contract administrator fees | $2,100 |
| Investment advisory & management fees | $109,280 |
| Other admin expenses | $287,507 |
| Benefits paid out | $62,597,251 |
| Net assets, start / end of year | $533.3M / $663.8M |
| Active participants, start / end of year | 1,793 / 1,984 |
| Participants with account balances | 2,659 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Morgan Stanley & Co Inc | $282,672 reported compensation |
| Fidelity Investments Institutional | $120,712 reported compensation |
| Strategic Advisors, Inc. | $109,280 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015152042NAL0004972705002, received 2025-10-15, EIN 23-3074920, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.