PlanOptica
Retirement plan

PEPCO HOLDINGS LLC RETIREMENT PLAN

EXELON CORPORATIONEIN 23-2990190Plan #022PY 2022
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10 S. DEARBORN ST., 51ST FLOOR - CHICAGO, IL 60603312-394-4107exeloncorp.comLinkedIn10001+ employeesutilities
Other plans on this EIN
6 filings
#002Retirement-$6.50B assets#003Retirement-$5.18B assets#016Retirement-$1.04B assets#005Retirement-$113.1M assets#012Retirement--#014Retirement--
Prospect flagsHigh retiree %Low returnsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(312) 394-4107
Plan administrator signer
JENNIFER FRANCO
Signed 10/16/2023
How to read this page

Summary metrics

Total assets (EOY)
$1887.1M
-10.0% from 2017
Total participants
10,456
-1.0% from 2017
Average account balance
$0
No prior year
Annual return
-22.66%
-15.27 pp from 2017

Benchmarks

See 41 peers
Peer group
Industry22 - Utilities
Plan typeDefined benefit
Participants1,000-4,999
Cohort41 peers
Snapshot2022
Participant deferral / active EE
$0
median $46
Employer contribution / active EE
$0
median $9,419
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $2,456,633
Admin fee / account holder
$0
median $14,884
Annual return
-22.66%
median -18.44%
Overall peer rank
13th 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 13 by compensation
ProviderService typeCompensation
WILLIS TOWERS WATSON US LLC4 years
Service code 11 · EIN 53-0181291
Actuarial
$1,296,858
EXELON BUSINESS SERVICES CO7+ years
Service code 14 · EIN 23-3063219
Plan Administrator
$602,647
NORTHERN TRUST CORPORATION7+ years
Service code 19 · EIN 36-1561860
Securities Custodian
$226,164
BLACKROCK INSTITUTIONAL TRUST CO6 years
Service code 28 · EIN 94-3112180
Investment Management
$76,982
ALBOURNE AMERICA LLC5 years
Service code 16 · EIN 91-2164625
Consulting
$40,317
ALIGHT SOLUTIONS LLC2 years
Service code 15 · EIN 82-1061233
Recordkeeping
$30,194
MITCHELL & TITUS, LLP5 years
Service code 10 · EIN 13-2781641
Accounting
$28,691
PLANTE MORAN2 years
Service code 16
10 S RIVERSIDE PLAZA · CHICAGO, IL 60606
Consulting
$15,880
BLOOMBERG FINANCE LP6 years
Service code 49 · EIN 13-3417984
Other Services
$12,831
EVESTMENT ALLIANCE LLC1 year
Service code 16 · EIN 58-2540972
Consulting
$10,319

Enrolled actuary

1 attachment
SB

JUDY M. KRUSE

WILLIS TOWERS WATSON US LLC
Enrollment #2305907
233 SOUTH WACKER DRIVE
WILLIS TOWER SUITE 1800
CHICAGO, IL 60606
(312) 525-2500
Signed 2023-10-12

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

3 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.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$3.4M
$1003 / participant
  • Investment mgmt$77K2.3%
  • Contract admin$35K1.0%
  • Other / not subdivided$3M96.7%
% of EOY assets
0.179%
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