Retirement plan
DOMINION SALARIED SAVINGS PLAN
DOMINION ENERGY, INC.EIN 54-1229715Plan #001PY 2016
ATTENTION BENEFITS REPORTING - RICHMOND, VA 232193927800-730-7230dominionenergy.comLinkedIn10001+ employeesutilities
Prospect flagsFailed to provide benefit
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JASON HATCHER, ACCOUNTING MANAGER
Signed 09/11/2017
Plan administrator entity
DOMINION ENERGY SERVICES, INC.
EIN 541962730
701 EAST CARY STREET · RICHMOND, VA 232193927
Summary metrics
Total assets (EOY)
$2879.4M
-4.8% from 2016
Total participants
12,145
+0.2% from 2016
Average account balance
$247,135
-5.3% from 2016
Annual return
10.79%
-12.84 pp from 2016
Benchmarks
Peer group
Industry55 - Management of Companies and Enterprises
Plan typeDefined contribution
Participants5,000-9,999
Cohort32 peers
Snapshot2016
87
Participant deferral / active EE
$9,256
median $4,631
68
Employer contribution / active EE
$3,293
median $2,734
61
Participation rate
94.6%
median 93.3%
100
Avg account balance
$247,135
median $70,454
6
Admin fee / account holder
$145
median $40
68
Annual return
10.79%
median 9.76%
Overall peer rank
65of 100
65th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$4.43B
Average account balance
Total assets / participants with a balance (line 6g)
$241K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
18,365
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
97.9%
Contributions (total)
Employer and participant dollars contributed each year
$214.42M
Contributions per participant
Average employer and participant contribution per enrolled participant
$18K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+18.21%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$166
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 |
|---|---|---|
FINANCIAL ENGINE ADVISORS, LLC2+ years Service code 26 · EIN 94-3250323 | Advisory (Participants) | $1,686,605 |
Service code 52 · EIN 95-6810128 | Indirect Investment Fees | $720,880 |
PACIFIC INVESTMENT MGMT CO. LLC2+ years Service code 52 | Indirect Investment Fees | $433,343 |
Service code 52 · EIN 23-2817243 | Indirect Investment Fees | $382,220 |
THE VANGUARD GROUP, INC.2+ years Service code 52 · EIN 90-6083983 | Indirect Investment Fees | $341,330 |
Service code 52 · EIN 45-6138589 | Indirect Investment Fees | $218,920 |
Service code 52 · EIN 25-1890416 | Indirect Investment Fees | $198,833 |
THE NORTHERN TRUST COMPANY2+ years Service code 55 · EIN 36-1561860 | Other Commissions | $76,844 |
VAN ECK SECURITIES CORPORATION2+ years Service code 52 · EIN 13-7027829 | Indirect Investment Fees | $29,323 |
Service code 52 · EIN 33-0474880 | Indirect Investment Fees | $22,581 |
Top hat statement on fileNQDC
Filed April 5, 2021 (most recent of 5 filings on file)
Plan administrator
Plans declared (1)
- Dominion Energy, Inc. Deferred Compensation Plan26 emp
Plan features & details
Pension benefit codes2A2E2F2H2J2K2O3F3H
Plan features
- 2AAge/service weighted or new comparability planAge/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2HPartial participant-directed account planParticipants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2OESOP other than a leveraged ESOPEmployee stock ownership plan that is not leveraged.
- 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
- ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
Expense breakdown
Schedule H Part II
Admin total
$1.7M
$184 / participant
- Other / not subdivided$2M100.0%
% of EOY assets
0.059%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- DELOITTE & TOUCHE LLP
- Auditor EIN
- 133891517
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified