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CENTERPOINT ELECTRIC 401(K) PLAN 401k Plan overview

Plan NameCENTERPOINT ELECTRIC 401(K) PLAN
Plan identification number 002

CENTERPOINT ELECTRIC 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

CENTERPOINT ELECTRIC, INC. has sponsored the creation of one or more 401k plans.

Company Name:CENTERPOINT ELECTRIC, INC.
Employer identification number (EIN):421499898
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CENTERPOINT ELECTRIC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01JODI DE VRIES2024-07-01
0022022-01-01

Plan Statistics for CENTERPOINT ELECTRIC 401(K) PLAN

401k plan membership statisitcs for CENTERPOINT ELECTRIC 401(K) PLAN

Measure Date Value
2025: CENTERPOINT ELECTRIC 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-07-0716
Total number of particpants at end of year2025-07-0715
Number of Participants With Account Balances2025-07-0714
Total number of particpants at beginning of year2025-07-0116
Total number of particpants at end of year2025-07-0115
Number of Participants With Account Balances2025-07-0114
2024: CENTERPOINT ELECTRIC 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-0116
Total number of particpants at end of year2024-07-0115
Number of Participants With Account Balances2024-07-0114

Financial Data on CENTERPOINT ELECTRIC 401(K) PLAN

Measure Date Value
2025 : CENTERPOINT ELECTRIC 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-0710698
Net assets as of the end of the plan year2025-07-07397459
Total assets as of the beginning of the plan year2025-07-07241405
Value of plan covered by a fidelity bond2025-07-07100000
Participant contributions to plan in this plan year2025-07-0789614
Other expenses paid from plan in this plan year2025-07-07100
Other contributions to plan in this plan year2025-07-070
Other income to plan in this plan year2025-07-0745762
Plan net income in this plan year2025-07-07156054
Net assets as of the end of the plan year2025-07-07397459
Net assets as of the beginning of the plan year2025-07-07241405
Employer contributions to plan in this plan year2025-07-0731376
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-072863
Total expenses incurred by plan in this plan year2025-07-0110698
Net assets as of the end of the plan year2025-07-01397459
Total assets as of the beginning of the plan year2025-07-01241405
Value of plan covered by a fidelity bond2025-07-01100000
Participant contributions to plan in this plan year2025-07-0189614
Other expenses paid from plan in this plan year2025-07-01100
Other income to plan in this plan year2025-07-0145762
Plan net income in this plan year2025-07-01156054
Net assets as of the end of the plan year2025-07-01397459
Net assets as of the beginning of the plan year2025-07-01241405
Employer contributions to plan in this plan year2025-07-0131376
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-012863
2024 : CENTERPOINT ELECTRIC 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-015914
Net assets as of the end of the plan year2024-07-01241405
Total assets as of the beginning of the plan year2024-07-01109541
Value of plan covered by a fidelity bond2024-07-01100000
Participant contributions to plan in this plan year2024-07-0178437
Other income to plan in this plan year2024-07-0130471
Plan net income in this plan year2024-07-01131864
Net assets as of the end of the plan year2024-07-01241405
Net assets as of the beginning of the plan year2024-07-01109541
Employer contributions to plan in this plan year2024-07-0128870
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-012320

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