Retirement plan
EXELON CORPORATION RETIREMENT PROGRAM
EXELON CORPORATIONEIN 23-2990190Plan #002PY 2023
10 S. DEARBORN ST., 51ST FLOOR - CHICAGO, IL 60603312-394-4107exeloncorp.comLinkedIn10001+ employeesutilities
Other plans on this EIN
4 filingsProspect flagsHigh retiree %Low employer contribution
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JENNIFER FRANCO
Signed 10/10/2024
Summary metrics
Total assets (EOY)
$6380.4M
-0.6% from 2016
Total participants
24,456
+1.5% from 2016
Average account balance
$0
No prior year
Annual return
6.55%
-7.32 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants5,000-9,999
Cohort177 peers
Snapshot2023
0
Participant deferral / active EE
$0
median $40
9
Employer contribution / active EE
$1,124
median $5,730
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
32
Annual return
6.55%
median 9.38%
Overall peer rank
20of 100
20th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$6.07B
Average account balance
Total assets / participants with a balance (line 6g)
$253K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
15,535
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$198.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$23K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+1.05%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 10 of 18 by compensation
| Provider | Service type | Compensation |
|---|---|---|
EXELON BUSINESS SERVICES CO9+ years Service code 14 · EIN 23-3063219 | Plan Administrator | $3,020,400 |
ALIGHT SOLUTIONS LLC7 years Service code 15 · EIN 82-1061233 | Recordkeeping | $2,513,027 |
NORTHERN TRUST CORPORATION9+ years Service code 19 · EIN 36-1561860 | Securities Custodian | $1,635,924 |
WILLIS TOWERS WATSON US LLC5 years Service code 11 · EIN 53-0181291 | Actuarial | $624,877 |
ALBOURNE AMERICA, LLC7 years Service code 16 · EIN 91-2164625 | Consulting | $254,739 |
EVERCORE INC1 year Service code 16 · EIN 20-4748747 | Consulting | $213,265 |
CAISSA, LLC1 year Service code 49 · EIN 80-0803957 | Other Services | $160,128 |
PLANTE MORAN9+ years Service code 16 10 S RIVERSIDE PLAZA · CHICAGO, IL 60606 | Consulting | $84,740 |
BLOOMBERG FINANCE LP7 years Service code 49 · EIN 13-3417984 | Other Services | $72,619 |
Service code 49 · EIN 13-3806691 | Other Services | $56,175 |
Enrolled actuary
1 attachment
SB
MONICA CRUM
WILLIS TOWERS WATSON US LLC
Enrollment #2307982
233 SOUTH WACKER DRIVE
SUITE 1800
CHICAGO, IL 60606
(312) 525-2500
Signed 2024-09-16
Plan features & details
Pension benefit codes1A1C3F3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1CCash balance or similar planA cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
- 3FLeased employeesPlan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
2 tripped
- OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Expense breakdown
Schedule H Part II
Admin total
$31.0M
$3486 / participant
- Trustee / custodial$2M5.3%
- Investment mgmt$2K0.0%
- Actuarial$625K2.0%
- Salaries / allowances$3M9.7%
- Contract admin$3M8.1%
- Other / not subdivided$23M74.9%
% of EOY assets
0.486%
all-in expense ratio
Categories reported
5 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- MITCHELL & TITUS, LLP
- Auditor EIN
- 132781641
- Audit fees
- $34,535
- Opinion code
- Unqualified