CLECO POWER LLC 401(K) SAVINGS & INVESTMENT PLAN
Plan Contact
- Address: 2030 DONAHUE FERRY RD,PINEVILLE,LA
- Phone: (318) 484-7400
Plan General Information
CLECO POWER LLC 401(K) SAVINGS & INVESTMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of CLECO POWER LLC 401(K) SAVINGS & INVESTMENT PLAN is $450,739,531.00.This plan was established in 1985.
CLECO POWER LLC 401(K) SAVINGS & INVESTMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in CLECO POWER LLC 401(K) SAVINGS & INVESTMENT PLAN is 1683
CLECO POWER LLC 401(K) SAVINGS & INVESTMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for CLECO POWER LLC 401(K) SAVINGS & INVESTMENT PLAN is $267,819.00
CLECO POWER LLC 401(K) SAVINGS & INVESTMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for CLECO POWER LLC 401(K) SAVINGS & INVESTMENT PLAN is $8,375.00.
CLECO POWER LLC 401(K) SAVINGS & INVESTMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in CLECO POWER LLC 401(K) SAVINGS & INVESTMENT PLAN is approximately $5,532.00
Investing in this additonal $5,532.00 for 20 years would give you extra $354,077.00, assuming a 10% annual return.
Investing in this additonal $5,532.00 for 20 years would give you extra $354,077.00, assuming a 10% annual return.
CLECO POWER LLC 401(K) SAVINGS & INVESTMENT PLAN Total Employer Contribution and Match Rate
In 2023, CLECO POWER LLC 401(K) SAVINGS & INVESTMENT PLAN allocates $9,311,127.00 to match its employees' contributions, providing an employer match rate of 65.47% of their contributions
CLECO POWER LLC 401(K) SAVINGS & INVESTMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of CLECO POWER LLC 401(K) SAVINGS & INVESTMENT PLAN is 14.12%.
CLECO POWER LLC 401(K) SAVINGS & INVESTMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for CLECO POWER LLC 401(K) SAVINGS & INVESTMENT PLAN is 19.13%. This measures the effectiveness of the plan participants' investments in the year.
CLECO POWER LLC 401(K) SAVINGS & INVESTMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of CLECO POWER LLC 401(K) SAVINGS & INVESTMENT PLAN is 0.09%.
Enrollment Features
CLECO POWER LLC 401(K) SAVINGS & INVESTMENT PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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