Defined Benefit (Pension) · DOL Form 5500 · 2024

San Diego Gas & Electric Company Pension Plan

Data updated 2026-07-24

$842M
Total assets
4,534
Participants
98th
Percentile by assets
$185,800
Avg per participant
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Official DOL plan name: San Diego Gas & Electric Company Cash Balance Plan · Sponsored by San Diego Gas & Electric Company · California · Utilities

$842M in assets, 4,534 participants

San Diego Gas & Electric Company's San Diego Gas & Electric Company Cash Balance Plan reported $842M in total assets and 4,534 participants in its 2024 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 116,472 plans)

Coverage in California

San Diego Gas & Electric Company Cash Balance Plan covers 4,534 participants in California, 7.1x the typical California plan (state average ~637 per filing). Assets: $842M.

$842M
total plan assets (2024 EOY)
4,534
covered participants
98th
percentile by assets (of 116,472 plans)
$185,800
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • San Diego Gas & Electric Company Cash Balance Plan reported net income fell from $58M in the plan year 2023 filing to $10M in the plan year 2024 filing.
  • San Diego Gas & Electric Company Cash Balance Plan reported participants rose from 4,365 in the plan year 2023 filing to 4,534 in the plan year 2024 filing.
  • San Diego Gas & Electric Company Cash Balance Plan end-of-year assets rose from $831M in the plan year 2023 filing to $842M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Industry

Participants vs California filers

In California, the average filing covers about 637 participants across 14,392 plans. San Diego Gas & Electric Company Cash Balance Plan reports 4,534 participants - 7.1x that state average ($842M EOY assets).

California filing particulars

Total Assets (Beginning of Year)$831M
Net Assets (End of Year)$842M
Net Income$10M
Employer EIN951184800
Plan Effective Date1941-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (San Diego Gas & Electric Company)

$2.2B$2.4B$2.6B$2.8B$3B$3.2B 202220232024 $2.44B $2.97B ▲ +21.7%
Total plan assets by year, all San Diego Gas & Electric Company plans on file
Year Plans Participants Total Assets
2022 2 9,214 $2.4B
2023 2 9,170 $2.7B
2024 2 9,465 $3.0B

Nearby Defined Benefit (Pension) Plans in California

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

San Diego Gas & Electric Company Cash Balance Plan vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants

San Diego Gas & Electric Company Cash Balance Plan vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants San Diego Gas & Elec…Kaiser Permanente Re…Pacific Gas and Elec…Retirement Plan for …Western States Carpe…Disney Salaried Pens…
San Diego Gas & Electric Company Cash Balance Plan vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to San Diego Gas & Electric Company Cash Balance Plan by total assets, not by location.

Frequently Asked Questions

How did San Diego Gas & Electric Company Cash Balance Plan assets move in 2024?
San Diego Gas & Electric Company Cash Balance Plan edged up modestly - up 1.4% during 2024, from $831M to $842M. Reported net income was $10M.
How have San Diego Gas & Electric Company plan assets changed over time?
Across 3 plan years on file (2022-2024), San Diego Gas & Electric Company's sponsor-wide assets grew 21.6%, from $2.4B to $3.0B.
Where does San Diego Gas & Electric Company Cash Balance Plan rank by assets among Form 5500 filers?
San Diego Gas & Electric Company Cash Balance Plan ranks in the 98th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to San Diego Gas & Electric Company Cash Balance Plan?
Among Defined Benefit (Pension) plans in other states, the closest by assets is Operating Eng Cons Ind Misc. Pension Fund in PA ($846M, 3,908 participants).

Next read for San Diego Gas & Electric Company Cash Ba…

Filing takeaways

Ways to act on San Diego Gas & Electric Company Cash Balance Plan's numbers.

  • By total assets, San Diego Gas & Electric Company Cash Balance Plan 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 California. Compare plans
  • San Diego Gas & Electric Company's sponsor-wide assets have grown 21.6% 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 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 951184800.

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