Puget Sound Energy, Inc. 401(k) Plan: Login, Facts & Contact Information

Puget Sound Energy, Inc. 401(k) Plan Facts

Plan name
INVESTMENT PLAN FOR EMPLOYEES OF PUGET SOUND ENERGY, INC.
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PUGET SOUND ENERGY, INC.
Participants
4,551 (3,290 active employees)
Former employees with a balance
749
Plan assets
$1,339,558,159 at Dec 31, 2024
Average account balance
$308,086 across 4,348 accounts
Employer contributions
$31,967,844 in plan year 2024 (38% of all contributions)
Recordkeeper
T Rowe Price Rps Inc
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Aug 1, 1970
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 10, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $84.0 million went into the plan in contributions, $32.0 million of it from the employer (38%).
  • $110.0 million was paid out to participants.
  • Investment and other income added $159.6 million.
  • Administrative expenses were $173,169, about $40 per account.

How the Puget Sound Energy, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20194,207$981.0 million$21.6 million$68.4 million
20204,271$1.11 billion$23.3 million$78.7 million
20214,285$1.24 billion$23.9 million$95.2 million
20224,331$1.03 billion$26.3 million$89.7 million
20234,424$1.21 billion$30.5 million$85.4 million
20244,551$1.34 billion$32.0 million$110.0 million

Puget Sound Energy, Inc. 401(k) Contact Information

Phone
425-456-2585
Mailing address
355 110TH AVE NE, BELLEVUE WA 98004
Plan sponsor
PUGET SOUND ENERGY, INC.
Plan administrator
INVESTMENT PLAN ADMINISTRATIVE COMMITTEE FOR PUGET SOUND ENERGY
Employer identification number (EIN)
91-0374630
Plan number
002

Questions about the Puget Sound Energy, Inc. 401(k)

Does Puget Sound Energy, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $32.0 million, 38% of all contributions.

Does the Puget Sound Energy, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Puget Sound Energy, Inc 401(k) plan?

4,551 participants at the start of plan year 2024, 3,290 of them active employees, and 749 former employees who still had money in the plan.

What is the average 401(k) balance at Puget Sound Energy, Inc?

About $308,086 per account: $1.34 billion in plan assets across 4,348 accounts with a balance at the end of plan year 2024.

Who manages the Puget Sound Energy, Inc 401(k) accounts?

T. Rowe Price (listed on the filing as T ROWE PRICE RPS INC) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Puget Sound Energy, Inc. How do I access my 401(k)?

Your account stays with T. Rowe Price after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

Related Companies
Headquarter: 3131 ELLIOTT AVE, SUITE 500, SEATTLE, WA, 98121
Headquarter: 11010 NE 8TH ST. SUITE 465, BELLEVUE, WA, 98004
Headquarter: 2941 FAIRVIEW PARK DRIVE, FALLS CHURCH, VA, 22042
Headquarter: 3M CENTER 223-6N-02, ST. PAUL, MN, 551441000
Headquarter: 101 PROSPECT AVENUE N.W. C/O TAX DEPT., 1220 GH, CLEVELAND, OH, 441151075