INVESTMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC.

Plan Contact

  • Address: 355 110TH AVE NE,BELLEVUE,WA
  • Contact person: TOBIE TYLER
  • Phone: (425) 456-2585

Plan General Information

INVESTMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC. Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of INVESTMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC. is $1,206,027,160.00.This plan was established in 1970.

INVESTMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC. Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in INVESTMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC. is 4424

INVESTMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC. Average Participant Retirement Account Value

In 2023, the average participant retirement account value for INVESTMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC. is $272,610.00

INVESTMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC. Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for INVESTMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC. is $10,515.00.

INVESTMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC. Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in INVESTMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC. is approximately $6,889.00
Investing in this additonal $6,889.00 for 20 years would give you extra $440,954.00, assuming a 10% annual return.

INVESTMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC. Total Employer Contribution and Match Rate

In 2023, INVESTMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC. allocates $30,480,950.00 to match its employees' contributions, providing an employer match rate of 66.56% of their contributions

INVESTMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC. Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of INVESTMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC. is 17.28%.

INVESTMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC. Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for INVESTMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC. is 17.53%. This measures the effectiveness of the plan participants' investments in the year.

INVESTMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC. Expense Ratio

In 2023, the investment and administrative expense ratio of INVESTMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC. is 0.01%.

Enrollment Features

INVESTMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC. has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.


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