Nextera Energy, Inc. 401(k) Review & Grade
Nextera Energy, Inc. Employee Retirement Savings Plan
Juno Beach, FLUtilities16,706 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,972Employer $ per active participant
$12,669Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$5.5BNet plan assets, end of year
$253,425Average balance per account
Score breakdown
- Employer generosity37.6 / 5075th percentile for employer $ per participant
- Low cost14.4 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1589th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score72 / 100 · Grade B
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 58th |
| Employee saving | 89th |
| Peers that auto-enroll | 50% |
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Red flags from the filing
Corrective distributions: the plan refunded $31,751 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Nextera Energy put in about $4,972 per active participant, more than the typical peer ($2,229). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $83,053,766 |
| Participant (employee) contributions | $211,648,293 |
| Other contributions (incl. rollovers in) | $18,538,676 |
| Administrative expenses paid from the plan | $3,747,152 |
| Contract administrator fees | $3,484 |
| Investment advisory & management fees | $3,355,599 |
| Other admin expenses | $21,117 |
| Benefits paid out | $697,198,073 |
| Net assets, start / end of year | $5.0B / $5.5B |
| Active participants, start / end of year | 16,678 / 16,733 |
| Participants with account balances | 21,635 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
| Employer stock held by plan | $1,803,933,814 |
Largest service providers (Schedule C)
| T Rowe Price | $1,737,518 reported compensation |
| Fidelity Investments Institutional | $782,208 reported compensation |
| Nextera Energy, Inc. | $270,912 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013202500NAL0001931937001, received 2025-10-13, EIN 59-2449419, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.