Texas › Management of companies (holding companies) › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Vistra Retirement Plan
Sponsored by Vistra Operations Company LLC, Irving, TX
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Vistra Operations Company LLC of Irving, Texas sponsors Vistra Retirement Plan, a cash balance pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 824 participants (131 active) and $238M in net assets.
Net assets came to $288,400 per participant, well above the $86,583 median for defined benefit plans with 500 to 999 participants and well above the $94,230 median for defined benefit plans in management of companies (holding companies). The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $755K: $917 per participant, well above the same-size median of $377. Administrative expenses charged to the plan were $1.4M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $293M in 2016 to $238M in 2024 (down 19%), and participants from 1,099 to 824 (down 25%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $288,400 | $86,583 | $94,230 | $86,221 |
| Employer contributions per active participant | — | $10,758 | $14,787 | $10,244 |
| Schedule C compensation per participant | $917 | $377 | $326 | $344 |
| Schedule C compensation, share of net assets | 0.32% | 0.48% | 0.39% | 0.42% |
| Administrative expenses per participant | $1,717 | $591 | $519 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), management of companies (holding companies) (97) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 824 | $238M | $288,400 | — | — | $755K |
| 2023 | 838 | $254M | $302,510 | — | — | $778K |
| 2022 | 876 | $251M | $286,605 | — | — | $793K |
| 2021 | 898 | $333M | $370,675 | — | — | $732K |
| 2020 | 923 | $336M | $364,471 | — | — | $734K |
| 2019 | 974 | $323M | $331,556 | — | — | $890K |
| 2018 | 997 | $281M | $281,489 | — | — | $1.4M |
| 2017 | 1,076 | $319M | $296,327 | — | — | $1.6M |
| 2016 | 1,099 | $293M | $266,227 | — | — | $1.4M |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$253,502,759
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$5,709,521
- Benefits paid$20,155,897
- Administrative expenses$1,414,700
- Total expenses$21,570,597
- Net income−$15,861,076
- Net transfers$0
- Net assets, end of year$237,641,683
Participants
- Active participants131
- Retired or separated, receiving benefits552
- Retired or separated, entitled to future benefits58
- Total participants, end of year824
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Aon Investments USA Inc. | Consulting (general) | $711,613 | $0 |
| Northern Trust Corporation | Trustee (bank, trust company, or similar financial institution) | $34,832 | $0 |
| State Street Research & Management | Investment management | $8,749 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Contract administrator fees$711,613
- Other administrative expenses$659,506
- Trustee and custodial fees$34,832
- Investment advisory and management fees$8,749
- Total administrative expenses$1,414,700
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$238M · 100.0%
- Receivables$9,115 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmMcConnell & Jones, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $20,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1CCash balance or similar plan1ECode section 401(h) arrangement3FPlan sponsor(s) received services of leased employees3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 551112: Offices of Other Holding Companies.
Other plans of Vistra Operations Company LLC
| Plan | Participants | Net assets |
|---|---|---|
| Vistra Thrift Plan | 9,986 | $2.35B |
| Dynegy Pension Plan | 2,279 | $206M |
| Energy Harbor Pension Plan for Collectively Bargained Employees | 879 | $18.2M |
Similar plans in Texas
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Yp Holdings LLC Pension Plan | Thryv Holdings, Inc. | 845 | $47.9M | $56,729 |
| Dex Pension Plan | Thryv Holdings, Inc. | 4,262 | $279M | $65,525 |
| Globe Life Inc. Pension Plan | Globe Life Inc. | 4,963 | $591M | $119,070 |
| Oncor Retirement Plan | Oncor Electric Delivery Company LLC | 14,519 | $1.77B | $122,199 |
| Allstate Retirement Plan | The Allstate Corporation | 64,168 | $4.04B | $62,948 |
Defined benefit plans in management of companies (holding companies) closest in size.
Questions and answers
How big is Vistra Retirement Plan?
824 participants at the end of the plan year ending 31 Dec 2024, of whom 131 were active employees, with net assets of $237,641,683. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does Vistra Operations Company LLC contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $755,194 in compensation to service provider organisations, $917 per participant or 0.32% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $1,414,700. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Vistra Operations Company LLC. Investment advisory or management: State Street Research & Management. Trustee or custodian: Northern Trust Corporation. The financial statements were audited by McConnell & Jones, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 14 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 36-4833461, plan 002, received 14 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.