401(k)
2022 plan-year 401(k) DOL Form 5500

Cleco Power LLC 401(k) Savings & Investment Plan

ERISA Form 5500 plan record drawn from DOL EBSA β€” verify with linked source filings below.

Sponsored by Cleco Power LLC Β· Louisiana Β· Utilities

What the 2023 filing shows

Cleco Power LLC 401(k) Savings & Investment Plan holds $395M for 1,277 participants - about $309,293 per participant, down 24.9% over the 2022 plan year.

$395M
total plan assets (2022 EOY)
1,277
covered participants
$309,293
avg assets per participant
-24.9%
assets change YoY

The plan reported a net loss of $131M for the year β€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$395M
Participants
1,277
State
Industry
Utilities

What the Filing Says About Cleco Power LLC 401(k) Savings & Investment Plan

Cleco Power LLC 401(k) Savings & Investment Plan is a 401(k) retirement plan sponsored by Cleco Power LLC, headquartered in Louisiana. As of the 2022 Form 5500 filing, the plan reports $395M in total end-of-year assets and covers 1,277 participants across the Utilities industry. The sponsor's EIN on file with the U.S. Department of Labor is 720244480, and the plan has been effective since 1985-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $526M at the beginning of 2022 to $395M at year-end β€” a decline of 24.9%. Net assets (after liabilities) closed the year at $395M, with reported net income of $-130,592,358 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows β€” a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$526M
Total Assets (End of Year)$395M
Net Assets (End of Year)$395M
Net Income$-130,592,358
Plan Type401(k)
Employer EIN720244480
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Cleco Power LLC)

Year Plans Participants Total Assets
2022 2 1,714 $797M
2023 2 1,706 $874M
2024 2 1,725 $890M

Nearby 401(k) Plans in Louisiana

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Frequently Asked Questions

How much money is in the Cleco Power LLC 401(k) Savings & Investment Plan?
As of the 2022 Form 5500 filing, Cleco Power LLC 401(k) Savings & Investment Plan holds $395M in total assets with 1,277 participants. It is sponsored by Cleco Power LLC.
What type of plan is Cleco Power LLC 401(k) Savings & Investment Plan?
Cleco Power LLC 401(k) Savings & Investment Plan is a 401(k) plan. It has been effective since 1985-01-01. The plan is filed with the U.S. Department of Labor under EIN 720244480.
Who sponsors the Cleco Power LLC 401(k) Savings & Investment Plan?
Cleco Power LLC 401(k) Savings & Investment Plan is sponsored by Cleco Power LLC, located in Louisiana. The sponsor's EIN is 720244480 and the plan operates in the Utilities industry.
How did Cleco Power LLC 401(k) Savings & Investment Plan perform in 2022?
Cleco Power LLC 401(k) Savings & Investment Plan declined by 24.9% during 2022, moving from $526M to $395M in total assets. Net income was $-130,592,358.
Where can I find official filings for Cleco Power LLC 401(k) Savings & Investment Plan?
Official Form 5500 filings for Cleco Power LLC 401(k) Savings & Investment Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 720244480 or plan name at efast.dol.gov.
How does Cleco Power LLC 401(k) Savings & Investment Plan compare to other plans?
You can compare Cleco Power LLC 401(k) Savings & Investment Plan against other 401(k) plans on the plan type page, or view plans in Louisiana on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) β€” original filing retrieval by EIN 720244480.

Reference: IRS Publication 560 β€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B β€” Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.