PG&E Corporation 401(k) match: 6% max
PG&E Corporation Retirement Savings Plan · PCG · CIK 1004980
Maximum employer match, as a share of pay
6%
PG&E Corporation matches 75% of the first 8% of pay.
PG&E's Form 11-K filing for plan year 2025 describes two separate 401(k) plans. The terms on this page are read from the PG&E Corporation Retirement Savings Plan. Both state the same maximum match.
From the Form 11-K filed June 29, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: which plan you are in · what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · what the plan reports to the DOL · how it compares · what to do next
Which PG&E 401(k) plan are you in?
PG&E's Form 11-K filing for this plan year describes two plans and all of them state the same maximum employer match. The group each plan covers still differs, and so can the vesting and enrollment terms further down this page, which are read from the PG&E Corporation Retirement Savings Plan.
PG&E Corporation Retirement Savings Plan (the plan this page answers for)
The filing states no limit on who this plan covers · Form 11-K ↗
6% of pay, at most
PG&E Corporation Retirement Savings Plan for Union-Represented Employees
Employees covered by a collective-bargaining agreement · Form 11-K ↗
6% of pay, at most
One row per plan, taken from the Form 11-K report this site has read for the plan year ended December 31, 2025. Each maximum comes from that plan’s own filing and describes only that plan.
What PG&E puts in, and what the plan costs
What PG&E put into the plan, per active participant
$7,477
PG&E Corporation put $7,477 into this plan for each of its 10,864 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
PG&E put in more per active participant than 74% of plans with 5,000+ participants at utilities. The middle plan in that group of 39 reported $5,837. Utilities comes from business code 221100, which PG&E entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
What this figure cannot separate: how much PG&E pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 943234914, plan 001 · DOL EFAST2 ↗
The $7,477 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. PG&E Corporation also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $2,970 a year at a $49,500 salary. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What PG&E puts in
$2,970
a year, at a $49,500 salary.
The match paragraph, word for word
“All participants hired on or after January 1, 2013 or rehired after January 1, 2013 and originally hired prior to January 1, 2013 and who had a break in service after January 1, 2013, are eligible for a seventy-five percent (75%) matching employer contribution of their elective employee contributions not to exceed to eight percent (8%) of eligible compensation, i.e., six percent (6%) of eligible compensation. 5 All other participating employees hired before January 1, 2013 who elected to contribute to the Plan are eligible for a seventy-five percent (75%) matching employer contribution of their elective employee contributions not to exceed six percent (6%) of eligible compensation, i.e., four and a half percent (4.5%) of eligible compensation. In December 2013, these participants were given a one-time opportunity to continue participating in the Final Average Pay Pension under the Pacific Gas and Electric Company Retirement Plan ("Retirement Plan") or elect, beginning in 2014, to participate in the Cash Balance Pension feature of the Retirement Plan. Participants who elected to participate in the Cash Balance Pension receive a matching employer contribution of seventy-five percent (75%) of their elective employee contributions not to exceed eight percent (8%) of eligible compensation, i.e., six percent (6%) of eligible compensation, beginning January 1, 2014.”
What you contribute to collect all of it
Contribute at least 8% of your pay to collect the full match.
That is $3,960 a year at a $49,500 salary, and it scales with your own.
Vesting score
100 out of 100
How fast the employer’s money becomes yours. Higher than 48% of the 253 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 100%, 100%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Employer and participant elective contributions and their related accumulated earnings and losses are hundred percent (100%) vested at all times.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
96th percentile
$168.46 per participant in plan-paid administrative cost, more expensive than 96% of plans with 5,000+ participants.
What is PG&E's 401(k) match formula?
PG&E's 401(k) employer match tops out at 6% of pay. One rate up to one limit is the commonest of the four shapes a match formula takes.
| Match formula | 75% of the first 8% of pay |
|---|---|
| Maximum employer match | 6% of compensation |
| Paid in company stock | No, paid in cash or per your investment elections |
| Conditions | Headline formula applies to participants hired or rehired on or after January 1, 2013. Participants hired before January 1, 2013 who kept the Final Average Pay Pension receive 75% of elective contributions up to 6% of eligible compensation (maximum 4.5% of compensation); pre-2013 hires who elected the Cash Balance Pension feature receive 75% up to 8% (maximum 6%) beginning January 1, 2014. Matching contributions are made in cash and credited monthly |
At a $45,000 salary, contributing 8% ($3,600) earns the full employer match of $2,700 for the year.
What the filing says, word for word
“All participants hired on or after January 1, 2013 or rehired after January 1, 2013 and originally hired prior to January 1, 2013 and who had a break in service after January 1, 2013, are eligible for a seventy-five percent (75%) matching employer contribution of their elective employee contributions not to exceed to eight percent (8%) of eligible compensation, i.e., six percent (6%) of eligible compensation. 5 All other participating employees hired before January 1, 2013 who elected to contribute to the Plan are eligible for a seventy-five percent (75%) matching employer contribution of their elective employee contributions not to exceed six percent (6%) of eligible compensation, i.e., four and a half percent (4.5%) of eligible compensation. In December 2013, these participants were given a one-time opportunity to continue participating in the Final Average Pay Pension under the Pacific Gas and Electric Company Retirement Plan ("Retirement Plan") or elect, beginning in 2014, to participate in the Cash Balance Pension feature of the Retirement Plan. Participants who elected to participate in the Cash Balance Pension receive a matching employer contribution of seventy-five percent (75%) of their elective employee contributions not to exceed eight percent (8%) of eligible compensation, i.e., six percent (6%) of eligible compensation, beginning January 1, 2014.”
Source: Form 11-K filed June 29, 2026, SEC EDGAR · SEC ↗
What is PG&E's 401(k) vesting schedule?
PG&E vests the employer match immediately: 100% is yours as soon as it is paid in. Nothing is forfeited when you leave, which is not true of the two schedules that vest over time.
| Employer match vesting | Immediate: employer match is 100% vested when contributed |
|---|---|
| Your own contributions | Immediate: always 100% yours |
Vesting, word for word
“Employer and participant elective contributions and their related accumulated earnings and losses are hundred percent (100%) vested at all times.”
Source: Form 11-K filed June 29, 2026, SEC EDGAR · SEC ↗
Who can join PG&E's 401(k), and is enrollment automatic?
PG&E's filing does not mention automatic enrollment, which is not the same as the plan having none.
| Plan entry | All management and administration and technical employees of participating employers within the PG&E Corporation Group |
|---|---|
| Excluded groups | Independent contractors, leased employees, and individuals whose written contract or agreement excludes participation |
| Automatic enrollment | Not mentioned in the filing (not proof of absence) |
Eligibility, word for word
“In general, all management and administration and technical employees of participating employers within the PG&E Corporation Group are eligible to participate in the Plan, excluding independent contractors, leased employees, and individuals who have a written contract or agreement that excludes participation in the Plan.”
Source: Form 11-K filed June 29, 2026, SEC EDGAR · SEC ↗
What does the PG&E plan report on Form 5500?
The PG&E plan reported $4.9B in assets and 13,837 participants for plan year 2024.
| Total plan assets | $4,856,798,000 |
|---|---|
| Participants | 13,837 |
| Recordkeeper | Fidelity Investments |
| Plan-paid admin cost per participant | $168.46 |
How that cost compares
This plan pays $168.46 per participant. The median across plans at utilities is $138.21, from the 387 of 407 whose Form 5500 yields a per-participant cost.
The plan reports Fidelity Investments as its recordkeeper, one of 10,593 plans it runs in the data we publish. Of those, the 10,022 with a computable fee have a median plan-paid cost of $97.71 per participant.
PG&E Corporation Retirement Savings Plan on its Form 5500 filing: fees, providers and financials
How does PG&E's 401(k) match compare?
PG&E Corporation's maximum 401(k) match of 6% of pay compares with a median of 4.5% across the 181 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file at utilities, two report the same recordkeeper and one vests on the same schedule.
Maximum match 6% of pay. Also at utilities.
Employer match vests in full after 3 years. Also at utilities.
Maximum match 5.1% of pay. Also at utilities.
Maximum match 6% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 6% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 4.5% of pay. Vests immediately too, like PG&E.
What do PG&E's other 401(k) plans say?
PG&E Corporation Retirement Savings Plan for Union-Represented Employees
Employees covered by a collective-bargaining agreement
PG&E Corporation matches 75% of employee contributions up to 8% of eligible pay (plan year ended December 31, 2025).
- Employer match vesting
- Immediate: employer match is 100% vested when contributed
- Automatic enrollment
- Not mentioned in the filing (not proof of absence)
What the filing says, word for word
“All participants hired on or after January 1, 2013 or rehired after January 1, 2013 and originally hired prior to January 1, 2013 and who had a break in service after January 1, 2013, are eligible for a seventy-five percent (75%) matching employer contribution of their elective employee contributions not to exceed eight percent (8%) of eligible compensation, i.e., six percent (6%) of eligible compensation. 5 All other participating employees hired before January 1, 2013 are eligible for a matching employer contribution according to the following years of service: Length of Service Matching Employer Contribution Less than 1 year of service none 1 to 3 years of service sixty percent (60%) matching employer contributions of the participant’s pre-tax and/or after-tax contributions that do not exceed three percent of the employee’s eligible compensation 3 years of service or more sixty percent (60%) matching employer contributions of the participant’s pre-tax and/or after-tax contributions that do not exceed six percent of the employee’s eligible compensation In December 2013, these participants were given a one-time opportunity to continue participating in the Final Average Pay Pension under the Pacific Gas and Electric Company Retirement Plan ("Retirement Plan") or elect, beginning in 2014, to participate in the Cash Balance Pension feature of the Retirement Plan. Participants who elected to participate in the Cash Balance Pension receive a seventy-five percent (75%) matching employer contribution of their elective employee contributions not to exceed eight percent (8%) of eligible compensation, i.e., six percent (6%) of eligible compensation, beginning January 1, 2014.”
What can you do next?
Check your own balance and contribution rate at Fidelity NetBenefits ↗, the recordkeeper this plan reports.
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 29, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
- Download this data (CSV)
Formula, vesting and source references for this company, one file.
Questions this filing answers
What is PG&E Corporation's 401(k) match?
PG&E Corporation matches 75% of employee contributions up to 8% of eligible pay (plan year ended December 31, 2025).
When does the PG&E Corporation 401(k) match vest?
Immediate: employer match is 100% vested when contributed.
Does PG&E Corporation's 401(k) plan have automatic enrollment?
Not mentioned in the filing (not proof of absence).
Cite: 401(k) Monitor, “PG&E Corporation 401(k) plan facts”, from SEC Form 11-K accession 0001004980-26-000038, plan year ended 2025-12-31.