Retirement plan
EXELON EMPLOYEE SAVINGS PLAN FOR REPRESENTED EMPLOYEES AT CLINTON
EXELON CORPORATIONEIN 23-2990190Plan #014PY 2020
10 S. DEARBORN ST., 51ST FLOOR - CHICAGO, IL 60603779-231-1582exeloncorp.comLinkedIn10001+ employeesutilities
Other plans on this EIN
10 filingsProspect flagsLow returnsHigh assets / participant
Filing contacts
From the Form 5500, federal recordPlan administrator signer
VANESSA HECHT
Signed 10/15/2021
Summary metrics
Total assets (EOY)
$69.3M
-0.3% from 2016
Total participants
308
+10.9% from 2016
Average account balance
$256,790
-10.9% from 2016
Annual return
11.34%
-6.46 pp from 2016
Benchmarks
Peer group
Industry22 - Utilities
Plan typeDefined contribution
Participants250-999
Cohort128 peers
Snapshot2020
79
Participant deferral / active EE
$11,162
median $8,221
43
Employer contribution / active EE
$3,943
median $4,473
15
Participation rate
84.9%
median 96.8%
83
Avg account balance
$256,790
median $143,534
20
Admin fee / account holder
$214
median $114
11
Annual return
11.34%
median 16.53%
Overall peer rank
42of 100
42nd percentileavg across 6 metrics
Analytics
2015 - 2022
Total assets (EOY)
Plan-year ending balance
$0
Average account balance
Total assets / participants with a balance (line 6g)
$272K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
270
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
82.2%
Contributions (total)
Employer and participant dollars contributed each year
$241K
Contributions per participant
Average employer and participant contribution per enrolled participant
$14K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-98.22%
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 3 by compensation
| Provider | Service type | Compensation |
|---|---|---|
MITCHELL & TITUS, LLP3 years Service code 10 · EIN 13-2781641 | Accounting | $27,540 |
NORTHWEST PLAN SERVICES5 years Service code 16 · EIN 91-2090931 | Consulting | $19,120 |
FINANCIAL ENGINES5 years Service code 16 · EIN 94-3250323 | Consulting | $13,536 |
Plan features & details
Pension benefit codes2E2G2J2F2K3H3F2S2T2O
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2OESOP other than a leveraged ESOPEmployee stock ownership plan that is not leveraged.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 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 returns
Annual investment return is in the bottom quintile of the peer cohort.
- InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
Expense breakdown
Schedule H Part II
Admin total
$58K
$230 / participant
- Investment mgmt$38K66.1%
- Contract admin$20K33.9%
% of EOY assets
0.083%
all-in expense ratio
Categories reported
2 / 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
- (not subdivided)
- Opinion code
- Unqualified