Cleco Corporate Holdings LLC

Plan nameCleco Power LLC 401(k) Savings and Investment Plan
Location Pineville, Louisiana
Asset size $341.4MM
Participants 1,400
Industry Utilities
Participation rate 96%
Average deferral rate 9.0%
# of funds offered 11
Investment review Quarterly
True-up match No
Match vesting period Immediately upon enrollment
Eligibility Immediately upon hire
Default deferral rate 4%
Default investment Retail Target-date Fund (Indexed)
Automatic escalation Opt-out
Systematic withdrawals Yes
Fee equalization Yes
Match rate 100% on the first 6% of salary deferrals
% receiving full match 50% – 75%
Maximum employer contribution 8%
Financial education:
Saving/Budgeting Yes
Investing strategies
College saving
Credit/Debt management
Tax/Estate planning
Retiree health costs/savings options Yes
Recordkeeper Empower Retirement
Note: Match rates and employer contributions are simplified for reporting purposes and may have other attributes (e.g., caps/limits, tiers, etc.) not listed here.
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