Retirement plan
PENSION PLAN OF CONSTELLATION ENERGY GROUP, INC
EXELON CORPORATIONEIN 23-2990190Plan #016PY 2019
10 S. DEARBORN ST., 51ST FLOOR - CHICAGO, IL 60603312-394-4107exeloncorp.comLinkedIn10001+ employeesutilities
Other plans on this EIN
10 filingsProspect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JENNIFER FRANCO
Signed 10/13/2020
Summary metrics
Total assets (EOY)
$1644.4M
-3.6% from 2016
Total participants
9,159
+2.4% from 2016
Average account balance
$0
No prior year
Annual return
18.09%
-9.04 pp from 2016
Benchmarks
Peer group
Industry22 - Utilities
Plan typeDefined benefit
Participants1,000-4,999
Cohort47 peers
Snapshot2019
0
Participant deferral / active EE
$0
median $29
41
Employer contribution / active EE
$17,651
median $16,418
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $341,093,897
0
Admin fee / account holder
$0
median $1,551,325
37
Annual return
18.09%
median 19.21%
Overall peer rank
39of 100
39th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$966.82M
Average account balance
Total assets / participants with a balance (line 6g)
$190K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
3,124
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
$25.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$13K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+0.31%
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 13 by compensation
| Provider | Service type | Compensation |
|---|---|---|
ALIGHT SOLUTIONS, LLC3 years Service code 15 · EIN 82-1061233 | Recordkeeping | $939,093 |
EXELON BUSINESS SERVICES CO4 years Service code 14 · EIN 23-3063219 | Plan Administrator | $436,286 |
Service code 11 · EIN 53-0181291 | Actuarial | $357,820 |
BLACKROCK INSTITUTIONAL TRUST CO5+ years Service code 28 · EIN 94-3112180 | Investment Management | $326,649 |
NORTHERN TRUST CORPORATION5+ years Service code 19 · EIN 36-1561860 | Securities Custodian | $295,836 |
Service code 28 · EIN 94-3385113 | Investment Management | $42,453 |
ALBOURNE AMERICA LLC2 years Service code 16 · EIN 91-2164625 | Consulting | $28,679 |
ALLIANCE BERNSTEIN L.P.1 year Service code 28 · EIN 13-4064930 | Investment Management | $21,626 |
MITCHELL & TITUS, LLP2 years Service code 10 · EIN 13-2781641 | Accounting | $18,070 |
CAISSA LLC2 years Service code 49 77 WATER STREET · NEW YORK, NY 10005 | Other Services | $16,349 |
Enrolled actuary
1 attachment
SB
JUDY M. KRUSE
WILLIS TOWERS WATSON US LLC
Enrollment #2005907
233 SOUTH WACKER DRIVE, SUITE 1800
CHICAGO, IL 606061615
(312) 525-2500
Signed 2020-09-30
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
1 tripped
- 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
$9.5M
$2227 / participant
- Investment mgmt$677K7.2%
- Contract admin$939K9.9%
- Other / not subdivided$8M82.9%
% of EOY assets
0.575%
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