Retirement plan

PEPCO HOLDINGS LLC RETIREMENT PLAN

EXELON CORPORATIONEIN 23-2990190Plan #022PY 2024
10 S. DEARBORN ST., 51ST FLOOR - CHICAGO, IL 60603779-231-3185exeloncorp.comLinkedIn10001+ employeesutilities
Prospect flagsHigh retiree %Low returns

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(779) 231-3185
Plan administrator signer
FELICIA CUMMINGS
Signed 10/14/2025

Summary metrics

Total assets (EOY)
$1869M
-10.0% from 2017
Total participants
10,110
-1.0% from 2017
Average account balance
$0
No prior year
Annual return
1.27%
-15.27 pp from 2017

Benchmarks

Peer group
Industry22 - Utilities
Plan typeDefined benefit
Participants1,000-4,999
Cohort38 peers
Snapshot2024
Participant deferral / active EE
$0
median $123
Employer contribution / active EE
$10,819
median $9,650
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
1.27%
median 5.42%
Overall peer rank
26th percentileavg across 6 metrics

Analytics

2016 - 2024
Total assets (EOY)
Plan-year ending balance
$1.87B
Average account balance
Total assets / participants with a balance (line 6g)
$185K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
7,106
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
$32.50M
Contributions per participant
Average employer and participant contribution per enrolled participant
$11K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+1.27%
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 16 by compensation
ProviderService typeCompensation
Service code 11 · EIN 53-0181291
Actuarial
$1,616,164
Service code 14 · EIN 23-3063219
Plan Administrator
$928,752
Service code 19 · EIN 36-1561860
Securities Custodian
$339,935
Service code 49 · EIN 13-3806691
Other Services
$83,023
Service code 16 · EIN 91-2164625
Consulting
$52,752
Service code 49 · EIN 80-0803957
Other Services
$44,695
Service code 15 · EIN 82-1061233
Recordkeeping
$36,947
Service code 10 · EIN 13-2781641
Accounting
$30,125
Service code 28 · EIN 94-3112180
Investment Management
$30,109
Service code 49 · EIN 13-3417984
Other Services
$21,688

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 2025-09-19

Plan features & details

Pension benefit codes1A1B1C3F3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1B
    Benefits are primarily flat dollar
    Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
  • 1C
    Cash balance or similar plan
    A 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).
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 3H
    Controlled group member
    Plan 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
$4.4M
$1466 / participant
  • Recordkeeping$1M29.8%
  • Trustee / custodial$340K7.7%
  • Investment mgmt$234K5.3%
  • Actuarial$340K7.7%
  • Salaries / allowances$929K21.1%
  • Other / not subdivided$1M28.3%
% of EOY assets
0.236%
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
$30,125
Opinion code
Unqualified