Retirement plan
CONSTELLATION EMPLOYEE PENSION PLAN
CONSTELLATION ENERGY GENERATION LLCEIN 23-3064219Plan #013PY 2022
200 EXELON WAY - KENNETT SQUARE, PA 19348779-231-5341
Prospect flagsHigh retiree %Low participant contribution
Filing contacts
From the Form 5500, federal recordPlan administrator signer
VANESSA HECHT
Signed 10/16/2023
Summary metrics
Total assets (EOY)
$1244.5M
-51.8% from 2022
Total participants
7,790
-65.7% from 2022
Average account balance
$0
No prior year
Annual return
124.54%
-116.17 pp from 2022
Benchmarks
Peer group
Industry22 - Utilities
Plan typeDefined benefit
Participants1,000-4,999
Cohort41 peers
Snapshot2022
13
Participant deferral / active EE
$2,535
median $46
0
Employer contribution / active EE
$0
median $9,419
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $2,456,633
0
Admin fee / account holder
$0
median $14,884
95
Annual return
124.54%
median -18.44%
Overall peer rank
54of 100
54th percentileavg across 6 metrics
Analytics
2021 - 2024
Total assets (EOY)
Plan-year ending balance
$1.20B
Average account balance
Total assets / participants with a balance (line 6g)
$161K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
4,210
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
$41.90M
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
+0.33%
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 9 by compensation
| Provider | Service type | Compensation |
|---|---|---|
ALIGHT SOLUTIONS LLC2+ years Service code 15 · EIN 82-1061233 | Recordkeeping | $1,181,066 |
Service code 19 · EIN 36-1561860 | Securities Custodian | $470,053 |
WILLIS TOWERS WATSON US LLC2+ years Service code 11 · EIN 53-0181291 | Actuarial | $349,809 |
Service code 49 · EIN 23-3064219 | Other Services | $270,201 |
BLACKROCK INSTITUTIONAL TRUST CO2+ years Service code 28 · EIN 94-3112180 | Investment Management | $127,147 |
MITCHELL & TITUS, LLP2+ years Service code 10 · EIN 13-2781641 | Accounting | $60,012 |
ALBOURNE AMERICA, LLC1 year Service code 16 · EIN 91-2164625 | Consulting | $13,963 |
OBERWEIS1 year Service code 28 3333 WARRENVILLE RD · LISLE, IL 60532 | Investment Management | $8,713 |
PLANTE MORAN1 year Service code 49 10 S RIVERSIDE PLAZA · CHICAGO, IL 60606 | Other Services | $5,500 |
Enrolled actuary
1 attachment
SB
JUDY M. KRUSE
WILLIS TOWERS WATSON US LLC
Enrollment #2305907
233 SOUTH WACKER DRIVE,
SUITE 1800
CHICAGO, IL 60606
(312) 525-2500
Plan features & details
Pension benefit codes1A1C3H3F
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 participant contribution
Participant contribution per participant 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
$3.4M
$911 / participant
- Investment mgmt$3M96.0%
- Other / not subdivided$138K4.0%
% of EOY assets
0.275%
all-in expense ratio
Categories reported
1 / 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