Retirement plan
DOMINION ENERGY HOURLY SAVINGS PLAN
DOMINION ENERGY, INC.EIN 54-1229715Plan #005PY 2020
707 EAST MAIN ST, 8TH FLOOR, ATTENTION BENEFITS REPORTING - RICHMOND, VA 232192801877-947-4636dominionenergy.comLinkedIn10001+ employeesutilities
Prospect flagsLow returns
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JASON HATCHER, DIRECTOR-ACCOUNTING
Signed 10/08/2021
Plan administrator entity
DOMINION ENERGY SERVICES, INC.
EIN 541962730
Summary metrics
Total assets (EOY)
$482.9M
-7.6% from 2016
Total participants
3,228
+0.3% from 2016
Average account balance
$153,354
-8.0% from 2016
Annual return
5.13%
-17.49 pp from 2016
Benchmarks
Peer group
Industry55 - Management of Companies and Enterprises
Plan typeDefined contribution
Participants1,000-4,999
Cohort133 peers
Snapshot2020
68
Participant deferral / active EE
$6,851
median $4,731
50
Employer contribution / active EE
$2,554
median $2,468
70
Participation rate
96.9%
median 93.8%
78
Avg account balance
$153,354
median $84,617
11
Admin fee / account holder
$178
median $95
3
Annual return
5.13%
median 15.42%
Overall peer rank
47of 100
47th 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 2 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 26 · EIN 94-3250323 | Advisory (Participants) | $185,472 |
CONDUENT HR SERVICES LLC4 years Service code 64 · EIN 16-0468020 | Recordkeeping Fees | $12,942 |
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
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
Expense breakdown
Schedule H Part II
Admin total
$562K
$218 / participant
- Contract admin$13K2.3%
- Other / not subdivided$549K97.7%
% of EOY assets
0.116%
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
- DELOITTE & TOUCHE LLP
- Auditor EIN
- 133891517
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified