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Alliant Energy 401(k) retirement plan: the investment options

Does your 401(k) vote the way you would? $614m of the $1.41bn in the Alliant Energy plan votes in secret. Fidelity 500 Index Fund, the most common fund in the plans we track, publishes every vote: answer 3 of its ballots, then see your result.

The question on the ballot

As filed

Alliant Energy 401(k) match and balances, from the filing

Company money in
about $10,410 per active participant
$31m in plan year 2024
Employees saved
about $15,050 each
$45m in plan year 2024
Average balance
$334,100
4,217 people with a balance
In the plan
$1.41bn
at the end of plan year 2024

Company money is the match plus any other employer contributions, averaged over all 2,987 active participants, including anyone who did not contribute. The filing reports dollars, not the match formula; the plan’s summary plan description states the formula.

SourceThe plan’s annual report to the Department of Labor — Form 5500, Schedule H, plan year 2024 · filed by ALLIANT ENERGY CORPORATE SERVICES, INC. as “ALLIANT ENERGY CORPORATION 401(K) SAVINGS PLAN” · EIN 391914946, plan number 005 · search the filings

The Alliant Energy 401(k) holds $1.41bn. Of the $614m we could identify from the plan’s own filing, every dollar sits in a fund that publishes no record of how it voted your shares — collective trusts, which unlike a mutual fund file no Form N-PX and leave no public trace of a single vote.

SourceAlliant Energy’s own annual retirement-plan filing with the SEC (Form 11-K, Schedule of Assets) · open the filing

What the plan holdsVehicleVoting recordValue
Common Collective Trustslisted as “State Street S P 500 Index Securities Lending Series Fund, 10,815,929 class II shares” Collective trust or separate account NONE $280m
Winslow Large Cap Growth Fund, 1,480,216 class C shares Not identified from the filing Not counted either way $219m
Registered Investment Companieslisted as “American Funds EuroPacific Growth Fund, 3,228,250 class R6 shares” Collective trust or separate account NONE $173m
Dodge Cox Stock Fund, 623,100 class X shares Not identified from the filing Not counted either way $160m
Northern Trust Collective Extended Equity Market Index Fund - Lending, 122,938 shares Collective trust or separate account NONE $160m
Corporate Stocks Commonlisted as “Alliant Energy Corporation Common Stock (b), 1,759,651 shares” Employer stock Voted by the plan trustee $104m
BlackRock Total Return Bond Fund, 9,820,057 class L shares Bonds No shares to vote $104m
State Street U.S. Bond Index Securities Lending Series Fund, 9,090,071 class XIV shares Bonds No shares to vote $98m
JPMCB Intermediate Bond Fund (b), 2,916,681 shares Bonds No shares to vote $54m
JPMCB Intermediate Income Bond Fund (b), 1,533,747 shares Bonds No shares to vote $18m
Participant-Directed Brokerage Accountslisted as “Self-Managed Brokerage Accounts (b)” Brokerage window Whatever the saver buys $15m
Primarily maturing within 5 years Not identified from the filing Not counted either way $10m

The 12 largest holdings in the plan. “Vehicle” is the description the filing itself gives each investment.

Why there is nothing to show

A mutual fund has to file Form N-PX every year listing every vote it cast on your behalf. A collective investment trust does not. It is a bank-run vehicle sold only inside retirement plans, it is cheaper, and it is now where most 401(k) default money sits — including most target-date funds, which is where savers who never chose anything are put.

So the shares bought with Alliant Energy employees’ retirement savings are voted every proxy season — on executive pay, on board seats, on climate and workforce proposals — and there is no public document anywhere recording how. This is not an oversight by Alliant Energy; it is what the disclosure rules currently require, which is to say: nothing.

What you can do

Check whether your plan offers any registered fund as an alternative — those publish their records, and you can read them here. If it does not, the menu itself is the thing that has to change, and that is a decision made by the plan’s fiduciary committee, not by you alone.

See how funds that do publish voted →

CoverageWe classified 71.4% of this plan’s assets from the filing. The figure above is the share of the money we could classify; anything we could not identify is excluded from it rather than assumed either way.

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