Pattern Energy Group Services LP 401(k) Review & Grade
Pattern Energy Group 401(k) Plan
San Francisco, CAUtilities804 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,947Employer $ per active participant
$14,266Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$130.8MNet plan assets, end of year
$130,911Average balance per account
Score breakdown
- Employer generosity27.0 / 5054th percentile for employer $ per participant
- Low cost18.2 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving11.6 / 1577th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Utilities plans with 500–2,499 active participants (75 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 73th |
| Employee saving | 77th |
| Peers that auto-enroll | 76% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,103 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Pattern Energy Group Services LP put in about $6,947 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 | $5,585,134 |
| Participant (employee) contributions | $11,470,206 |
| Other contributions (incl. rollovers in) | $2,255,905 |
| Administrative expenses paid from the plan | $124,081 |
| Investment advisory & management fees | $61,224 |
| Benefits paid out | $11,433,972 |
| Net assets, start / end of year | $106.4M / $130.8M |
| Active participants, start / end of year | 781 / 827 |
| Participants with account balances | 999 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Sensiba LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $62,857 reported compensation |
| Newfront Retirement Services Inc | $61,224 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014093631NAL0001182035001, received 2025-10-14, EIN 84-4046110, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.