New Jersey › Utilities › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Retirement Plan for Bargaining Unit Employees of NRG Homer City Services, LLC
Sponsored by NRG Affiliate Services, Inc., Princeton, NJ
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.
In the plan year ending 31 Dec 2024, Retirement Plan for Bargaining Unit Employees of NRG Homer City Services, LLC covered 106 participants and held $13.8M in net assets. The plan is a cash balance pension plan sponsored by NRG Affiliate Services, Inc. of Princeton, New Jersey.
Net assets came to $129,760 per participant, well above the $80,635 median for defined benefit plans with 100 to 249 participants and well below the $187,668 median for defined benefit plans in utilities. 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 $207K: $1,956 per participant, well above the same-size median of $451. Administrative expenses charged to the plan were $277K. 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 $1.7M in 2013 to $13.8M in 2024 (up 702%), and participants from 169 to 106 (down 37%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $129,760 | $80,635 | $187,668 | $86,221 |
| Employer contributions per active participant | — | $9,975 | $12,900 | $10,244 |
| Schedule C compensation per participant | $1,956 | $451 | $468 | $344 |
| Schedule C compensation, share of net assets | 1.5% | 0.52% | 0.27% | 0.42% |
| Administrative expenses per participant | $2,612 | $582 | $804 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 100 to 249 participants (1,156 plans), utilities (175) 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 | 106 | $13.8M | $129,764 | — | — | $207K |
| 2023 | 162 | $21.5M | $132,858 | $1.3M | — | $99K |
| 2022 | 162 | $19.0M | $117,043 | $270K | — | $110K |
| 2021 | 187 | $28.0M | $149,824 | $2.4M | — | $89K |
| 2020 | 189 | $24.2M | $128,063 | $2.5M | — | $99K |
| 2019 | 189 | $18.7M | $99,138 | $2.5M | — | $82K |
| 2018 | 189 | $13.3M | $70,381 | — | — | $83K |
| 2017 | 188 | $14.6M | $77,761 | $1.8M | — | $73K |
| 2016 | 188 | $11.1M | $58,904 | $2.2M | — | $70K |
| 2015 | 188 | $8.4M | $44,904 | $4.2M | — | $74K |
| 2014 | 188 | $4.5M | $23,782 | $2.8M | — | $45K |
| 2013 | 169 | $1.7M | $10,154 | $1.7M | — | $0 |
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$21,523,223
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results−$600,564
- Benefits paid$6,891,235
- Administrative expenses$276,882
- Total expenses$7,168,117
- Net income−$7,768,681
- Net transfers$0
- Net assets, end of year$13,754,542
Participants
- Active participants1
- Retired or separated, receiving benefits82
- Retired or separated, entitled to future benefits19
- Total participants, end of year106
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Alight Solutions LLC | Actuarial; Recordkeeping and information management | $130,639 | $0 |
| Cozen O'Connor Attorneys | Legal | $69,968 | $0 |
| Northern Trust Company | Trustee (directed) | $6,730 | $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
- Recordkeeping fees$130,639
- Legal fees$69,968
- Other administrative expenses$56,545
- IQPA audit fees$13,000
- Trustee and custodial fees$6,730
- Total administrative expenses$276,882
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.
- Master trust investment accounts$13.8M · 100.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmWarren Averett, LLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $25,000,000
- Blackout period during the yearNo
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 plan3HPlan 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 221100: Electric Power Generation, Transmission & Distribution.
Other plans of NRG Affiliate Services, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| NRG Affiliates Employee Savings Plan | 17,981 | $2.33B |
| NRG Pension Plan for Bargained Employees | 2,767 | $375M |
| NRG Pension Plan | 1,992 | $381M |
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Middlesex Water Company Pension Plan | Middlesex Water Company | 308 | $98.6M | $320,285 |
| Suez Water Environmental Services Inc. Pension Plan | Veolia Water Contract Operations USA, Inc. | 534 | $28.2M | $52,726 |
| Plan for Retirement Allowances for Non Represented Employees | New Jersey Natural Gas Company | 541 | $206M | $380,779 |
| Plan for Retirement Allowances for Represented Employees | New Jersey Natural Gas Company | 676 | $173M | $255,273 |
| Suez Water Resources LLC Retirement Plan | Veolia Utility Resources, LLC | 1,849 | $366M | $198,022 |
| NRG Pension Plan | NRG Affiliate Services, Inc. | 1,992 | $381M | $191,445 |
Defined benefit plans in utilities closest in size.
Questions and answers
How big is Retirement Plan for Bargaining Unit Employees of NRG Homer City Services, LLC?
106 participants at the end of the plan year ending 31 Dec 2024, of whom 1 were active employees, with net assets of $13,754,542. Among defined benefit plans that places it in the 100 to 249 participants band, which held 1,156 plans in plan year 2024.
What does NRG Affiliate Services, Inc. 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 $207,337 in compensation to service provider organisations, $1,956 per participant or 1.5% of net assets. The same-size median among plans reporting any Schedule C compensation was $451 per participant. Administrative expenses on Schedule H were $276,882. 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 NRG Affiliate Services, Inc.. Recordkeeping or administration: Alight Solutions LLC. Trustee or custodian: Northern Trust Company. The financial statements were audited by Warren Averett, LLC. 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 7 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 41-1960764, plan 006, received 7 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.