Defined Benefit (Pension) · DOL Form 5500 · 2023

Pacific Gas and Electric Company Pension Plan

Data updated 2026-08-25

$21.4B
Total assets Mega-plan scale
22,914
Participants Very large workforce
100th
Percentile by assets National rank
$934,343
Avg per participant High balance/head
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Official DOL plan name: Pacific Gas and Electric Company Retirement Plan · Sponsored by Pacific Gas and Electric Company · California · Utilities

$21.4B in assets, 22,914 participants

Pacific Gas and Electric Company's Pacific Gas and Electric Company Retirement Plan reported $21.4B in total assets and 22,914 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.

  • #721 in Utilities (721 peers)

Coverage in California

Pacific Gas and Electric Company Retirement Plan covers 22,914 participants in California, 36x the typical California plan (state average ~630 per filing). Assets: $21.4B.

#721
in Utilities (721 peers)
+11.9%
assets growth YoY
215×
vs typical plan assets (national mean)

Pacific Gas and Electric Company Retirement Plan's outsized position by total assets

Pacific Gas and Electric Company Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$21,409,543,510 Highest reported value at or above every one of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Pacific Gas and Electric Company Retirement Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Pacific Gas and Electric Company Retirement Plan is a mega filing (22,914 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Pacific Gas and Electric Company Retirement Plan reported net income rose from -$5.6B in the plan year 2022 filing to $2.3B in the plan year 2023 filing.
  • Pacific Gas and Electric Company Retirement Plan end-of-year assets rose from $17.1B in the plan year 2022 filing to $21.4B in the plan year 2023 filing.
  • Pacific Gas and Electric Company Retirement Plan reported participants fell from 25,709 in the plan year 2022 filing to 22,914 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 940742640 · Pacific Gas and Electric Company PY 2023 · Defined Benefit (Pension)

Pacific Gas and Electric Company Retirement Plan · $21.4B · 22,914 · 100th

  • EBSA $21.4B
  • EBSA 22,914
  • EBSA 100th
  • EBSA Defined Benefit (Pension)
  • EBSA near Retirement Plan of Johnson and Johnson
  • EBSA ind #721

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Utilities retirement plans → · Plans in California →

Pacific Gas and Electric Company Retirement Plan in the asset neighbourhood

Pacific Gas and Electric Company Retirement PlanPacific Gas and Electric Com…$21.4BRetirement Plan of Johnson and JohnsonRetirement Plan of Johnson a…$21.2BFord Motor Company UAW Retirement PlanFord Motor Company UAW Retir…$19.3BThe Bank of America Pension PlanThe Bank of America Pension …$19.2BNorthrop Grumman Pension Plan$19.1B
End-of-year total assets ($B) among Pacific Gas and Electric Company Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$19.1B
Net Assets (End of Year)$21.4B
Net Income$2.3B
Employer EIN940742640
Plan Effective Date1937-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Pacific Gas and Electric Company)

Sponsor-wide plan assets over time

All Pacific Gas and Electric Company plans reported in each filing year

Latest sponsor-wide plan assets
$17.6B 3.2103349842948528% vs 2022
2024 filing year
$10B$20B$30B$40B$50B 202220232024 $17.1B $17.6B ▲ +3.2%
Year Plans Participants Total Assets
2022 1 25,709 $17.1B
2023 2 48,561 $39.4B
2024 1 27,500 $17.6B

Nearby Defined Benefit (Pension) Plans in California

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

Pacific Gas and Electric Company Retirement Plan vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants Scatter plot of 6 data points. 050000100000150000 010203040 Total assets ($B) Participants Pacific Gas and Electric Company Retirement Plan, Total assets ($B): 21.40954351 · Participants: 22914Pacific Gas and Electric Company Retirement PlanKaiser Permanente Retirement Plan, Total assets ($B): 33.538817099 · Participants: 127356Kaiser Permanente Retirement PlanPacific Gas and Electric Company Retirement Plan, Total assets ($B): 17.980531142 · Participants: 25647Pacific Gas and Electric Company Retirement PlanRetirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc., Total assets ($B): 10.814691143 · Participants: 19545Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.Disney Salaried Pension Plan D, Total assets ($B): 10.057095066 · Participants: 10813Disney Salaried Pension Plan DIlwu-Pma Pension Plan, Total assets ($B): 9.710883559 · Participants: 16365Ilwu-Pma Pension Plan
Pacific Gas and Electric Company Retirement Plan vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants
Compare Pacific Gas and Electric Company Retirement Plan side-by-side with 3 peers →

Scale composition for Pacific Gas and Electric Company Retirement Plan

Pacific Gas and Electric Company Retirement Plan reports $21.4B in end-of-year assets across 22,914 participants (0.17% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.024% of 93,925,755 covered participants) - about $934,343 per participant (6.8x the national average assets-per-participant) . Net income for plan year 2023 was $2.3B.

This plan identity (EIN 940742640, plan #001) has 4 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $17.1B to $17.6B (+3.2%) while covered participants moved from 25,709 to 27,500 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 25,709 $17.1B Open filing
2023 22,914 $21.4B This page
2023 25,647 $18.0B Open filing
2024 · index core 27,500 $17.6B Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Pacific Gas and Electric Company Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside California, the nearest Defined Benefit (Pension) by assets is Retirement Plan of Johnson and Johnson in NJ ($21.2B); by covered participants it is Equity-League Pension Trust Fund in NY (22,936 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($21.4B here).

Similar participant headcount

Nearest other-state filings by covered participants (22,914 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Pacific Gas and Electric Company Retirement Plan assets move in 2023? ▼
Pacific Gas and Electric Company Retirement Plan grew at a solid clip - up 11.9% during 2023, from $19.1B to $21.4B. Reported net income was $2.3B.
How have Pacific Gas and Electric Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Pacific Gas and Electric Company's sponsor-wide assets grew 3.2%, from $17.1B to $17.6B.
Where does Pacific Gas and Electric Company Retirement Plan rank by assets among Form 5500 filers? ▼
Pacific Gas and Electric Company Retirement Plan ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Pacific Gas and Electric Company Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Retirement Plan of Johnson and Johnson in NJ ($21.2B, 37,749 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Pacific Gas and Electric Company Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Equity-League Pension Trust Fund in NY (22,936 participants, $2.2B in assets).

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 940742640.

Read our methodology - how this data is sourced, computed, and verified.

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