Retirement plan
DOMINION HOURLY SAVINGS PLAN
DOMINION ENERGY, INC.EIN 54-1229715Plan #005PY 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)
$454.3M
-7.6% from 2016
Total participants
3,520
+0.3% from 2016
Average account balance
$131,796
-8.0% from 2016
Annual return
11.17%
-17.49 pp from 2016
Benchmarks
Peer group
Industry55 - Management of Companies and Enterprises
Plan typeDefined contribution
Participants1,000-4,999
Cohort142 peers
Snapshot2016
67
Participant deferral / active EE
$5,506
median $3,698
52
Employer contribution / active EE
$2,237
median $2,019
79
Participation rate
97.6%
median 91.9%
84
Avg account balance
$131,796
median $64,308
17
Admin fee / account holder
$121
median $55
70
Annual return
11.17%
median 8.54%
Overall peer rank
61of 100
61st percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$474.35M
Average account balance
Total assets / participants with a balance (line 6g)
$143K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
3,308
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
95.3%
Contributions (total)
Employer and participant dollars contributed each year
$28.70M
Contributions per participant
Average employer and participant contribution per enrolled participant
$10K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+11.86%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$199
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 |
|---|---|---|
FINANCIAL ENGINE ADVISORS, LLC2+ years Service code 26 · EIN 94-3250323 | Advisory (Participants) | $329,800 |
XEROX HR SOLUTIONS LLP2+ years Service code 64 · EIN 16-0468020 | Recordkeeping Fees | $85,293 |
Service code 52 · EIN 95-6810128 | Indirect Investment Fees | $67,265 |
PACIFIC INVESTMENT MGMT CO. LLC2+ years Service code 52 · EIN 33-0629048 | Indirect Investment Fees | $47,817 |
THE VANGUARD GROUP, INC.2+ years Service code 52 · EIN 90-6083981 | Indirect Investment Fees | $38,434 |
Service code 52 · EIN 23-2817243 | Indirect Investment Fees | $28,313 |
Service code 52 · EIN 25-1890416 | Indirect Investment Fees | $22,383 |
Service code 52 · EIN 45-6138589 | Indirect Investment Fees | $16,902 |
THE NORTHERN TRUST COMPANY2+ years Service code 55 · EIN 36-1561860 | Other Commissions | $10,959 |
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 codes2E2F2H2J2K2O3F3H
Plan features
- 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
$416K
$137 / participant
- Other / not subdivided$416K100.0%
% of EOY assets
0.092%
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