Retirement plan
EXELON PENSION PLAN
EXELON CORPORATIONEIN 23-2990190Plan #016PY 2023
10 S. DEARBORN ST., 51ST FLOOR - CHICAGO, IL 60603312-394-4107exeloncorp.comLinkedIn10001+ employeesutilities
Other plans on this EIN
4 filingsProspect flagsHigh retiree %Low returns
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JENNIFER FRANCO
Signed 10/10/2024
Summary metrics
Total assets (EOY)
$1037.1M
-3.6% from 2016
Total participants
5,319
+2.4% from 2016
Average account balance
$0
No prior year
Annual return
6.50%
-9.04 pp from 2016
Benchmarks
Peer group
Industry22 - Utilities
Plan typeDefined benefit
Participants1,000-4,999
Cohort44 peers
Snapshot2023
0
Participant deferral / active EE
$0
median $50
44
Employer contribution / active EE
$8,306
median $8,039
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $13,363
0
Admin fee / account holder
$0
median $125
19
Annual return
6.50%
median 9.39%
Overall peer rank
31of 100
31st 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 12 by compensation
| Provider | Service type | Compensation |
|---|---|---|
ALIGHT SOLUTIONS, LLC7 years Service code 15 · EIN 82-1061233 | Recordkeeping | $555,227 |
EXELON BUSINESS SERVICES CO8 years Service code 14 · EIN 23-3063219 | Plan Administrator | $514,965 |
NORTHERN TRUST CORPORATION9+ years Service code 19 · EIN 36-1561860 | Securities Custodian | $263,056 |
WILLIS TOWERS WATSON US LLC5 years Service code 11 · EIN 53-0181291 | Actuarial | $210,859 |
ALBOURNE AMERICA LLC6 years Service code 16 · EIN 91-2164625 | Consulting | $41,230 |
EVERCORE INC1 year Service code 16 · EIN 20-4748747 | Consulting | $30,568 |
CAISSA, LLC1 year Service code 49 · EIN 80-0803957 | Other Services | $23,757 |
MITCHELL & TITUS, LLP6 years Service code 10 · EIN 13-2781641 | Accounting | $21,390 |
PLANTE MORAN6 years Service code 16 10 S RIVERSIDE PLAZA · CHICAGO, IL 60606 | Consulting | $12,394 |
BLOOMBERG FINANCE LP7 years Service code 49 · EIN 13-3417984 | Other Services | $11,566 |
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 returns
Annual investment return 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
$6.5M
$3074 / participant
- Trustee / custodial$263K4.1%
- Investment mgmt$3470.0%
- Legal$6K0.1%
- Actuarial$211K3.3%
- Salaries / allowances$515K8.0%
- Contract admin$555K8.6%
- Other / not subdivided$5M76.1%
% of EOY assets
0.625%
all-in expense ratio
Categories reported
6 / 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
- $21,390
- Opinion code
- Unqualified