Retirement plan
DOMINION ENERGY SALARIED SAVINGS PLAN
DOMINION ENERGY, INC.EIN 54-1229715Plan #001PY 2019
ATTENTION BENEFITS REPORTING - RICHMOND, VA 232192801877-947-4636dominionenergy.comLinkedIn10001+ employeesutilities
Prospect flagsHigh assets / participant
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JASON HATCHER, DIRECTOR-ACCOUNTING
Signed 10/15/2020
Plan administrator entity
DOMINION ENERGY SERVICES, INC.
EIN 541962730
707 EAST MAIN STREET · RICHMOND, VA 232192801
Summary metrics
Total assets (EOY)
$3446.2M
-4.8% from 2016
Total participants
14,014
+0.2% from 2016
Average account balance
$251,454
-5.3% from 2016
Annual return
21.47%
-12.84 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined contribution
Participants>=10,000
Cohort1,090 peers
Snapshot2019
84
Participant deferral / active EE
$9,645
median $3,365
71
Employer contribution / active EE
$3,613
median $1,640
78
Participation rate
97.0%
median 83.6%
96
Avg account balance
$251,454
median $58,956
10
Admin fee / account holder
$137
median $56
37
Annual return
21.47%
median 22.48%
Overall peer rank
62of 100
62nd 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 11 by compensation
| Provider | Service type | Compensation |
|---|---|---|
FINANCIAL ENGINE ADVISORS, LLC5+ years Service code 26 · EIN 94-3250323 | Advisory (Participants) | $1,867,600 |
Service code 52 · EIN 95-6810128 | Indirect Investment Fees | $818,445 |
THE VANGUARD GROUP, INC.5+ years Service code 52 · EIN 90-0735978 | Indirect Investment Fees | $555,867 |
Service code 52 · EIN 06-1050034 | Indirect Investment Fees | $439,296 |
Service code 52 · EIN 45-6138589 | Indirect Investment Fees | $321,231 |
Service code 52 · EIN 23-2817243 | Indirect Investment Fees | $314,442 |
VAN ECK SECURITIES CORPORATION5+ years Service code 52 · EIN 13-7027829 | Indirect Investment Fees | $231,877 |
Service code 52 · EIN 25-1890416 | Indirect Investment Fees | $169,015 |
THE NORTHERN TRUST COMPANY5+ years Service code 21 · EIN 36-1561860 | Bank Trustee | $81,382 |
Service code 52 · EIN 33-0474880 | Indirect Investment Fees | $48,751 |
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
- InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
Expense breakdown
Schedule H Part II
Admin total
$1.9M
$181 / participant
- Other / not subdivided$2M100.0%
% of EOY assets
0.055%
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