Original filing (PDF)20251015152943NAL0002671235001

PUGET SOUND ENERGY, INC.

Name: PUGET SOUND ENERGY, INC. — RETIREMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC., Form 5500 (2024)
Creator: PUGET SOUND ENERGY, INC.

Form 5500

FILING_RECEIVED

RETIREMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC.

Defined-benefit pension plan

Signals · 3

16% employer stockNo recordkeeper disclosed11 service providers

Active participants

1,805

Accounts w/ balance

—

Plan assets (EOY)

$830.1M

Net assets (EOY)

$777.5M

How this plan invests

This plan

4 pooled trusts

Schedule D

414 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score (directional)

/ 100

Grade A

Top-tier plan health

Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.

Compliance & disclosures

100

Concentration risk

Total plan cost

Vendor stack

Participation health

100

Knocking points off

16% of plan in employer / sponsor stock.
32 bps in Schedule C fees — 438% above peer band of 6 bps.
No recordkeeper disclosed on Schedule C.

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for PUGET SOUND ENERGY, INC..

Plan sponsor

Name

PUGET SOUND ENERGY, INC.

EIN

91-0374630

Address

P.O. BOX 97034 · BELLEVUE, WA · 980099734

Phone

(425) 462-3389

Industry

Utilitiessee all

Plan administrator

Name

PUGET SOUND ENERGY, INC. RETIREMENT COMMITTEE

EIN

91-1083352

City

BELLEVUE, WA

Phone

(425) 462-3389

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-15

Pension benefit codes

1A · Pay-related DB formula

1C · Cash balance or similar hybrid DB

1E · Section 401(h) arrangement

3F · Sponsor used leased employees

3H · Sponsor in controlled / affiliated group

Audit & trust (Schedule H)

Auditor

BAKER TILLY US, LLP

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

11 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
MFS HERITAGE TRUST COMPANY	57-1187281	—	NONE	$568K	—
MILLIMAN, INC.	91-0675641	—	NONE	$550K	—
BOSTON TRUST WALDEN INC	04-3554611	—	NONE	$377K	—
LOOMIS SAYLES & COMPANY, L.P.	04-3200030	—	NONE	$302K	—
PIMCO	33-0629048	—	NONE	$282K	—
DODGE & COX	94-1441976	—	NONE	$256K	—
U.S. BANK	41-6271370	—	NONE	$143K	—
CALLAN ASSOCIATES, INC.	94-2192581	—	NONE	$119K	—
CLARK NUBER P.S.	91-1194016	—	NONE	$41K	—
PERKINS COIE, LLP	91-0591206	—	NONE	$27K	—
BLACKROCK INSTITUTIONAL TRUST CO.	94-3112180	—	NONE	$13K	—

Investments

365 direct securities · 4 pooled funds· $804.4M(97% of reported assets)

Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.

Common Collective Trust

$412.2M

4 holdings

Uncategorized

$316.1M

362 holdings

Mutual Funds

$75.2M

1 holding

Common Stocks

$812K

1 holding

Corporate Bonds

$68K

1 holding

Investment	Type	Shares / units	Cost	Current value	% of plan
NHIT LONG DURATION GOVERNMENT CREDI LOOMIS SAYLES TRUST COMPANY, LLC · EIN 20-8080381 / PN 019	Common Collective Trust	—	$148.2M	$147.9M	17.8%
MHTC - CIT MFS INTERNATIONAL GROWTH MFS HERITAGE TRUST COMPANY · EIN 57-1187281 / PN 001	Common Collective Trust	—	$41.5M	$92.5M	11.1%
SCHRODER INTERNATIONAL MULTI CAP VA SEI TRUST COMPANY · EIN 46-4679164 / PN 072	Common Collective Trust	—	$64.1M	$90.3M	10.9%
EQUITY INDEX NON-LENDABLE FUND BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A. · EIN 80-0300291 / PN 001	Common Collective Trust	—	$26.1M	$81.5M	9.8%
s * MFS MASSACHUSETTS INV GR STK R6 Mutual Fund	Mutual Funds	—	$70.8M	$75.2M	9.1%
PAPS LONG DURATION CREDIT BOND Mutual Fund	—	—	$67.7M	$56.9M	6.9%
U S TREASURY BD 1.125% 8/15/40 Government Securities	—	—	$9.0M	$9.0M	1.1%
U S TREASURY BD 4.000% 11/15/52 Government Securities	—	—	$9.0M	$9.0M	1.1%
U S TREASURY BD 4.500% 2/15/44 Government Securities	—	—	$8.4M	$8.3M	1.0%
U S TREASURY BD 3.375% 8/15/42 Government Securities	—	—	$6.9M	$6.9M	0.8%
U S TREASURY BD 4.250% 8/15/44 Government Securities	—	—	$5.8M	$5.8M	0.7%
U S TREASURY BD 2.375% 2/15/42 Government Securities	—	—	$4.6M	$4.4M	0.5%
U S TREASURY BD 4.750% 11/15/43 Government Securities	—	—	$4.6M	$4.3M	0.5%
U S TREASURY NT 4.000% 2/15/34 Government Securities	—	—	$4.1M	$4.1M	0.5%
U S TREASURY BD 3.000% 2/15/49 Government Securities	—	—	$4.2M	$4.0M	0.5%
FHLMC TBA 30YR 5.500% 2/15/53 Government Securities	—	—	$3.8M	$3.8M	0.5%
U S TREASURY BD 4.375% 8/15/43 Government Securities	—	—	$3.5M	$3.3M	0.4%
U S TREASURY NT 1.875% 2/15/41 Government Securities	—	—	$4.2M	$3.1M	0.4%
SCHWAB CHARLES CORP COM Common Stock	—	—	$1.3M	$2.9M	0.3%
FISERV INC Common Stock	—	—	$1.5M	$2.9M	0.3%
RTX CORPORATION Common Stock	—	—	$1.5M	$2.4M	0.3%
U S TREASURY I P S 1.750% 1/15/34 Government Securities	—	—	$2.5M	$2.4M	0.3%
WELLS FARGO CO NEW COM Common Stock	—	—	$1.5M	$2.3M	0.3%
U S TREASURY NT 4.500% 11/15/33 Government Securities	—	—	$2.3M	$2.3M	0.3%
U S TREASURY BD 4.250% 2/15/54 Government Securities	—	—	$2.3M	$2.3M	0.3%
JOHNSON CTLS INTL PLC SHS Common Stock	—	—	$1.2M	$2.3M	0.3%
U S TREASURY BD 1.750% 8/15/41 Government Securities	—	—	$3.4M	$2.3M	0.3%
METLIFE INC Common Stock	—	—	$1.1M	$2.1M	0.2%
FHLMC TBA 30YR 6.000% 2/15/53 Government Securities	—	—	$2.0M	$2.0M	0.2%
U S TREASURY BD 2.250% 5/15/41 Government Securities	—	—	$3.0M	$2.0M	0.2%
SANOFI A D R Common Stock	—	—	$1.8M	$2.0M	0.2%
REP OF SOUTH AFRICA 8.875% 2/28/35 Corporate Bonds	—	—	$1.9M	$1.8M	0.2%
CHARTER COMMUNICATIONS INC NEW Common Stock	—	—	$1.3M	$1.6M	0.2%
U S TREASURY BD 3.375% 11/15/48 Government Securities	—	—	$1.8M	$1.6M	0.2%
FED EX CORP Common Stock	—	—	$869K	$1.6M	0.2%
U S TREASURY NT 2.000% 2/15/50 Government Securities	—	—	$2.8M	$1.6M	0.2%
UNITED STATES TREAS 4.375% 11/30/30 Government Securities	—	—	$1.6M	$1.6M	0.2%
AMAZON COM INC Common Stock	—	—	$809K	$1.6M	0.2%
MICROSOFT CORP COM Common Stock	—	—	$274K	$1.6M	0.2%
U S TREASURY BD 4.750% 5/15/54 Government Securities	—	—	$1.6M	$1.6M	0.2%
BANK OF NEW YORK MELLON CORP Common Stock	—	—	$736K	$1.5M	0.2%
U S TREASURY I P S 1.125% 1/15/33 Government Securities	—	—	$1.5M	$1.5M	0.2%
OCCIDENTAL PETROLEUM CORPORATION Common Stock	—	—	$1.3M	$1.5M	0.2%
SWAP CLIENT COLL@ GOLDMAN SACHS Short-term Investment	—	—	$1.4M	$1.4M	0.2%
GILEAD SCIENCES INC Common Stock	—	—	$1.1M	$1.4M	0.2%
U S TREASURY BD 2.000% 11/15/41 Government Securities	—	—	$1.7M	$1.4M	0.2%
T V A 5.880% 4/01/36 Government Securities	—	—	$2.0M	$1.4M	0.2%
S E I INVESTMENTS CO Common Stock	—	—	$967K	$1.4M	0.2%
CAPITAL ONE FINL CORP Common Stock	—	—	$431K	$1.4M	0.2%
APTAR GROUP INC Common Stock	—	—	$1.0M	$1.3M	0.2%
CVS HEALTH CORP Common Stock	—	—	$1.9M	$1.3M	0.2%
CHECK POINT SOFTWARE TECH LTD Common Stock	—	—	$1.1M	$1.3M	0.2%
U S TREASURY NT 4.625% 11/15/44 Government Securities	—	—	$1.3M	$1.3M	0.2%
U S TREASURY NT 3.750% 6/30/30 Government Securities	—	—	$1.3M	$1.3M	0.2%
BOOKING HOLDINGS INC Common Stock	—	—	$422K	$1.2M	0.1%
COOPER COS INC COM Common Stock	—	—	$1.2M	$1.2M	0.1%
FACTSET RESEARCH SYSTEMS INC Common Stock	—	—	$1.0M	$1.2M	0.1%
GSK PLC SPONSORED A D R Common Stock	—	—	$1.3M	$1.2M	0.1%
COMCAST CORP CLASS A Common Stock	—	—	$839K	$1.2M	0.1%
NORFOLK SOUTHN CORP COM Common Stock	—	—	$1.1M	$1.2M	0.1%
BJS WHOLESALE CLUB HOLDINGS INC Common Stock	—	—	$655K	$1.2M	0.1%
FIDELITY NATIONAL INFO SERV Common Stock	—	—	$1.0M	$1.2M	0.1%
GE AEROSPACE Common Stock	—	—	$334K	$1.1M	0.1%
QUALYS INC Common Stock	—	—	$1.1M	$1.1M	0.1%
SERVICE CORP INTL Common Stock	—	—	$914K	$1.1M	0.1%
EXLSERVICE HOLDINGS INC Common Stock	—	—	$743K	$1.1M	0.1%
PAYCOM SOFTWARE INC Common Stock	—	—	$967K	$1.1M	0.1%
HUMANA INC Common Stock	—	—	$1.3M	$1.1M	0.1%
CHOICE HOTELS INTL INC Common Stock	—	—	$884K	$1.1M	0.1%
SNAP ON INC Common Stock	—	—	$790K	$1.1M	0.1%
CINCINNATI FINL CORP Common Stock	—	—	$842K	$1.1M	0.1%
WILLIAMS SONOMA INC Common Stock	—	—	$345K	$1.0M	0.1%
THE CIGNA GROUP Common Stock	—	—	$695K	$1.0M	0.1%
MATADOR RESOURCES CO Common Stock	—	—	$1.0M	$1.0M	0.1%
NORTHERN TRUST CORP Common Stock	—	—	$744K	$1.0M	0.1%
ALPHABET INC CL C Common Stock	—	—	$142K	$1.0M	0.1%
U S TREASURY BD 2.375% 5/15/51 Government Securities	—	—	$1.8M	$1.0M	0.1%
GOLDMAN SACHS GROUP INC Common Stock	—	—	$270K	$1.0M	0.1%
T MOBILE US INC Common Stock	—	—	$487K	$993K	0.1%
ZEBRA TECHNOLOGIES CORPORATION CL A Common Stock	—	—	$698K	$981K	0.1%
RPM INTL INC Common Stock	—	—	$644K	$979K	0.1%
U S TREASURY I P S 0.625% 7/15/32 Government Securities	—	—	$994K	$971K	0.1%
ANHEUSER BUSCH INBEV NV A D R Common Stock	—	—	$1.1M	$966K	0.1%
NORDSON CORP Common Stock	—	—	$1.0M	$951K	0.1%
AMERICAN FINL GROUP INC OHIO Common Stock	—	—	$784K	$939K	0.1%
META PLATFORMS INC Common Stock	—	—	$361K	$937K	0.1%
JONES LANG LASALLE INC Common Stock	—	—	$529K	$930K	0.1%
ALLEGION PLC Common Stock	—	—	$902K	$928K	0.1%
UNITEDHEALTH GROUP INC COM Common Stock	—	—	$362K	$911K	0.1%
AVANTOR INC Common Stock	—	—	$873K	$908K	0.1%
MAGNOLIA OIL GAS CORP Common Stock	—	—	$893K	$905K	0.1%
WILLIAMS COS INC COM Common Stock	—	—	$430K	$898K	0.1%
F5 INC Common Stock	—	—	$536K	$894K	0.1%
PROGRESS SOFTWARE CORP Common Stock	—	—	$808K	$881K	0.1%
CHARLES RIV LABS INTL INC Common Stock	—	—	$797K	$878K	0.1%
APPLIED INDL TECHNOLOGIES INC Common Stock	—	—	$463K	$877K	0.1%
CULLEN FROST BANKERS INC Common Stock	—	—	$722K	$870K	0.1%
AMDOCS LTD Common Stock	—	—	$853K	$862K	0.1%
ZIMMER BIOMET HOLDINGS INC COM Common Stock	—	—	$933K	$856K	0.1%
INTL FLAVORS FRAGRANCES Common Stock	—	—	$764K	$854K	0.1%
CLOROX CO Common Stock	—	—	$731K	$852K	0.1%
CACTUS INC A Common Stock	—	—	$471K	$841K	0.1%
SIMPLY GOOD FOODS COMPANY Common Stock	—	—	$726K	$840K	0.1%
CBOE GLOBAL MKTS INC Common Stock	—	—	$577K	$837K	0.1%
DONALDSON CO INC Common Stock	—	—	$740K	$835K	0.1%
U S TREASURY NT 4.875% 10/31/30 Government Securities	—	—	$834K	$818K	<0.1%
AIR PRODUCTS CHEMICALS INC Common Stock	Common Stocks	—	$721K	$812K	<0.1%
U S TREASURY NT 4.625% 9/30/30 Government Securities	—	—	$823K	$807K	<0.1%
LAMAR ADVERTISING CO A Common Stock	—	—	$596K	$801K	<0.1%
IDEX CORP Common Stock	—	—	$761K	$799K	<0.1%
U S TREASURY NT 4.125% 8/31/30 Government Securities	—	—	$800K	$788K	<0.1%
HALEON PLC SPON ADS A D R Common Stock	—	—	$583K	$783K	<0.1%
EXPEDITORS INTL WASH INC Common Stock	—	—	$776K	$766K	<0.1%
U S TREASURY NT 2.750% 8/15/42 Government Securities	—	—	$995K	$751K	<0.1%
U S TREASURY BD 1.375% 11/15/40 Government Securities	—	—	$1.0M	$749K	<0.1%
TEXAS ROADHOUSE INC Common Stock	—	—	$443K	$731K	<0.1%
U S TREASURY NT 3.000% 8/15/48 Government Securities	—	—	$816K	$730K	<0.1%
TE CONNECTIVITY PLC ORD SHS Common Stock	—	—	$246K	$715K	<0.1%
ATMOS ENERGY CORP Common Stock	—	—	$595K	$713K	<0.1%
COMMERCE BANCSHARES INC Common Stock	—	—	$523K	$710K	<0.1%
MEDPACE HLDGS INC Common Stock	—	—	$445K	$703K	<0.1%
JACK HENRY ASSOCIATES INC Common Stock	—	—	$600K	$702K	<0.1%
VENTURE CDO LTD 6.82536% 7/30/32 Corporate Bonds	—	—	$700K	$701K	<0.1%
COGNIZANT TECH SOLUTIONS CL A Common Stock	—	—	$567K	$700K	<0.1%
ESSENTIAL UTILS INC COM Common Stock	—	—	$741K	$688K	<0.1%
REGENERON PHARMACEUTICALS INC Common Stock	—	—	$592K	$677K	<0.1%
SELECTIVE INS GROUP INC Common Stock	—	—	$676K	$673K	<0.1%
CISCO SYSTEMS INC Common Stock	—	—	$398K	$669K	<0.1%
AVERY DENNISON CORP Common Stock	—	—	$581K	$665K	<0.1%
PACKAGING CORP AMERICA Common Stock	—	—	$375K	$662K	<0.1%
SMITH A O CORP Common Stock	—	—	$634K	$661K	<0.1%
SBA COMMUNICATIONS CORP Common Stock	—	—	$684K	$652K	<0.1%
BAXTER INTERNATIONAL INC Common Stock	—	—	$795K	$647K	<0.1%
G N M A I TBA 4.000% 1/15/44 Government Securities	—	—	$648K	$645K	<0.1%
WATTS WATER TECHNOLOGIES CL A Common Stock	—	—	$610K	$635K	<0.1%
STERIS PLC SHS USD Common Stock	—	—	$666K	$632K	<0.1%
CAMDEN PPTY TR SBI Common Stock	—	—	$554K	$628K	<0.1%
MCCORMICK CO NON VTG SHRS Common Stock	—	—	$542K	$625K	<0.1%
U S TREASURY BD 3.875% 5/15/43 Government Securities	—	—	$618K	$616K	<0.1%
NOVARTIS AG A D R Common Stock	—	—	$365K	$613K	<0.1%
HUBBELL INC COM Common Stock	—	—	$419K	$604K	<0.1%
BANK OF AMERICA CORP Common Stock	—	—	$312K	$602K	<0.1%
FUT CLIENT COLL @GOLDMAN SACHS Short-term Investment	—	—	$599K	$599K	<0.1%
CUBESMART Common Stock	—	—	$628K	$599K	<0.1%
LINCOLN ELEC HLDGS INC Common Stock	—	—	$545K	$594K	<0.1%
U S TREASURY BD 3.625% 8/15/43 Government Securities	—	—	$653K	$593K	<0.1%
SUN COMMUNITIES INC Common Stock	—	—	$612K	$590K	<0.1%
U S TREASURY NT 3.875% 9/30/29 Government Securities	—	—	$605K	$587K	<0.1%
AKAMAI TECHNOLOGIES INC Common Stock	—	—	$566K	$575K	<0.1%
FLOWERS FOODS INC COM Common Stock	—	—	$656K	$566K	<0.1%
EAST WEST BANCORP INC Common Stock	—	—	$293K	$560K	<0.1%
U S TREASURY BD 4.750% 2/15/41 Government Securities	—	—	$581K	$547K	<0.1%
STAG INDUSTRIAL INC Common Stock	—	—	$560K	$545K	<0.1%
DOMINION ENERGY INC Common Stock	—	—	$535K	$544K	<0.1%
COHEN STEERS INC Common Stock	—	—	$327K	$542K	<0.1%
GENUINE PARTS COMPANY Common Stock	—	—	$632K	$531K	<0.1%
LYONDELLBASELL INDUSTRIES N V SHS A Common Stock	—	—	$529K	$527K	<0.1%
HP INC Common Stock	—	—	$267K	$522K	<0.1%
ONE GAS INC Common Stock	—	—	$607K	$520K	<0.1%
TORO CO Common Stock	—	—	$625K	$512K	<0.1%
BRISTOL MYERS SQUIBB CO Common Stock	—	—	$491K	$509K	<0.1%
GE HEALTHCARE TECHNOLOGIES INC Common Stock	—	—	$403K	$508K	<0.1%
ENTERPRISE FLEET 5.740% 12/20/26 Corporate Bonds	—	—	$500K	$504K	<0.1%
LCM LTD 6.63492% 7/20/34 Corporate Bonds	—	—	$500K	$501K	<0.1%
SILGAN HLDGS INC Common Stock	—	—	$435K	$498K	<0.1%
U S TREASURY I P S 0.125% 1/15/32 Government Securities	—	—	$496K	$494K	<0.1%
U S TREASURY NT 4.000% 2/28/30 Government Securities	—	—	$494K	$491K	<0.1%
CONOCOPHILLIPS Common Stock	—	—	$334K	$486K	<0.1%
U S TREASURY NT 3.750% 5/31/30 Government Securities	—	—	$487K	$484K	<0.1%
U S TREASURY NT 3.625% 3/31/30 Government Securities	—	—	$484K	$482K	<0.1%
INTERNATIONAL BANCSHARES CORP Common Stock	—	—	$395K	$471K	<0.1%
AXCELIS TECHNOLOGIES INC Common Stock	—	—	$612K	$460K	<0.1%
CARRIER GLOBAL CORPORATION COM Common Stock	—	—	$134K	$457K	<0.1%
ELANCO ANIMAL HEALTH INC Common Stock	—	—	$849K	$454K	<0.1%
FOX CORP CL A Common Stock	—	—	$320K	$452K	<0.1%
INTERPUBLIC GROUP COS INC COM Common Stock	—	—	$611K	$450K	<0.1%
IDACORP INC Common Stock	—	—	$416K	$439K	<0.1%
AMERICAN ELEC PWR CO INC COM Common Stock	—	—	$396K	$433K	<0.1%
ABU DHABI MTN 5.500% 5/08/34 Corporate Bonds	—	—	$398K	$406K	<0.1%
INCYTE CORP Common Stock	—	—	$454K	$401K	<0.1%
MOLSON COORS BEVERAGE COMPANY Common Stock	—	—	$368K	$390K	<0.1%
AEGON LTD AMER REG G D R Common Stock	—	—	$430K	$388K	<0.1%
TRTX ISSUER LTD 6.06809% 2/15/39 Corporate Bonds	—	—	$387K	$386K	<0.1%
BIOMARIN PHARMACEUTICAL INC Common Stock	—	—	$431K	$375K	<0.1%
V F CORP COM Common Stock	—	—	$309K	$371K	<0.1%
CELANESE CORP SER A Common Stock	—	—	$355K	$360K	<0.1%
STATE STR CORP Common Stock	—	—	$330K	$353K	<0.1%
COHERENT CORP Common Stock	—	—	$217K	$351K	<0.1%
U S TREASURY BD 2.875% 5/15/52 Government Securities	—	—	$379K	$350K	<0.1%
LOANCORE ISSUER LT 6.34827% 1/21/37 Corporate Bonds	—	—	$350K	$350K	<0.1%
THE GAP INC Common Stock	—	—	$296K	$336K	<0.1%
EPH FINANCING MTN 6.651% 11/13/28 Corporate Bonds	—	—	$351K	$336K	<0.1%
UK GOVT OF 4.375% 7/31/54 Corporate Bonds	—	—	$376K	$333K	<0.1%
ALNYLAM PHARMACEUTICALS INC Common Stock	—	—	$66K	$329K	<0.1%
PACIFIC GAS ELEC CO 6.750% 1/15/53 Corporate Bonds	—	—	$314K	$327K	<0.1%
INTESA SANPAOLO MTN 5.328% 11/28/33 Corporate Bonds	—	—	$300K	$325K	<0.1%
UBS GROUP AG Common Stock	—	—	$171K	$318K	<0.1%
ENERGY TRANSFER L P 6.400% 12/01/30 Corporate Bonds	—	—	$300K	$317K	<0.1%
ORACLE CORP SR NT 3.600% 4/01/40 Corporate Bonds	—	—	$399K	$313K	<0.1%
ING GROEP N V 6.114% 9/11/34 Corporate Bonds	—	—	$300K	$311K	<0.1%

Showing top 200 of 369 investments by value.