Defined Benefit (Pension) · DOL Form 5500 · 2023

Puget Sound Energy, Inc. Pension Plan

Data updated 2026-08-11

$786M
Total assets: 1,911
Participants: 98th
Percentile by assets: $411,062
Avg per participant

Official DOL plan name: Retirement Plan for Employees of Puget Sound Energy, Inc. · Sponsored by Puget Sound Energy, Inc. · Washington · Utilities

$786M in assets, 1,911 participants

Puget Sound Energy, Inc.'s Retirement Plan for Employees of Puget Sound Energy, Inc. reported $786M in total assets and 1,911 participants in its 2023 DOL Form 5500 filing, ranking in the 98th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

98th percentile by assets (of 127,072 plans)
#622 in Utilities (721 peers)

Where Retirement Plan for Employees of Puget Sound Energy, Inc. sits by assets

Retirement Plan for Employees of Puget Sound Energy, Inc. sits in the top 5% of all filed plans by assets, $786M for 1,911 participants (~$411,062/participant), up 12.7% in 2023.

$786M
total plan assets (2023 EOY): 1,911
covered participants: 98th
percentile by assets (of 127,072 plans): $411,062
avg assets per participant

Retirement Plan for Employees of Puget Sound Energy, Inc. reported net income rose from -$241M in the plan year 2022 filing to $87M in the plan year 2023 filing.
Retirement Plan for Employees of Puget Sound Energy, Inc. end-of-year assets rose from $697M in the plan year 2022 filing to $786M in the plan year 2023 filing.
Retirement Plan for Employees of Puget Sound Energy, Inc. reported participants fell from 1,990 in the plan year 2022 filing to 1,911 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Washington

Industry

Utilities

Retirement Plan for Employees of Puget Sound Energy, Inc. vs the 2023 asset distribution

By assets, Retirement Plan for Employees of Puget Sound Energy, Inc. outranks 98% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 7.9x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$697M
Net Assets (End of Year)	$751M
Net Income	$87M
Employer EIN	910374630
Plan Effective Date	1958-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Puget Sound Energy, Inc.)

Total plan assets by year, all Puget Sound Energy, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	2	5,223	$1.7B
2023	2	5,217	$2.0B
2024	2	5,261	$2.2B

Nearby Defined Benefit (Pension) Plans in Washington

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Retirement Plan for Employees of Puget Sound Energy, Inc. vs. nearby Defined Benefit (Pension) plans in Washington, assets vs. participants

Western Conference of Teamsters Pension Plan $57.4B · 229,511
The Pension Value Plan for Employees of the Boeing Company $25.0B · 31,566
The Boeing Company Employee Retirement Plan $16.3B · 32,477
Northwest Carpenters Retirement Plan $3.3B · 15,892
Locals 302 & 612 of the Iuoe - Employers Construction Industry Retirement Plan $3.1B · 8,339

Compare Retirement Plan for Employees of Puget S… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Retirement Plan for Employees of Puget Sound Energy, Inc. by total assets, not by location.

The Hershey Company Retirement Plan (PA) $785M · 2,569
Csaa Insurance Group Cash Balance Retirement Plan (CA) $785M · 2,152
Schneider Electric Pension Plan (IL) $786M · 1,688
Excellus Retirement Plan (NY) $787M · 2,138

Frequently Asked Questions

How did Retirement Plan for Employees of Puget Sound Energy, Inc. assets move in 2023? ▼

Retirement Plan for Employees of Puget Sound Energy, Inc. grew at a solid clip - up 12.7% during 2023, from $697M to $786M. Reported net income was $87M.

How have Puget Sound Energy, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Puget Sound Energy, Inc.'s sponsor-wide assets grew 25.8%, from $1.7B to $2.2B.

Where does Retirement Plan for Employees of Puget Sound Energy, Inc. rank by assets among Form 5500 filers? ▼

Retirement Plan for Employees of Puget Sound Energy, Inc. ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to Retirement Plan for Employees of Puget Sound Energy, Inc.? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is The Hershey Company Retirement Plan in PA ($785M, 2,569 participants).

Next read for Retirement Plan for Employees of Puget S…

Scale reading

Ways to act on Retirement Plan for Employees of Puget Sound Energy, Inc.'s numbers.

By total assets, Retirement Plan for Employees of Puget Sound Energy, Inc. ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Washington. Compare plans
Puget Sound Energy, Inc.'s sponsor-wide assets have grown 25.8% since 2022 across 3 plan years on file. More Utilities plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 910374630.