Retirement plan
DOMINION ENERGY MANCHESTER STREET UNION SAVINGS PLAN
DOMINION ENERGY, INCEIN 54-1229715Plan #008PY 2018
ATTENTION BENEFITS REPORTING - RICHMOND, VA 232193927877-947-4636dominionenergy.comLinkedIn10001+ employeesutilities
Prospect flagsHigh fees
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JASON HATCHER, ACCOUNTING MANAGER
Signed 09/06/2019
Plan administrator entity
DOMINION ENERGY SERVICES, INC.
EIN 541962730
701 EAST CARY STREET · RICHMOND, VA 232193927
Summary metrics
Total assets (EOY)
$23.4M
-7.6% from 2016
Total participants
102
+3.6% from 2016
Average account balance
$236,072
-10.9% from 2016
Annual return
-5.59%
-14.34 pp from 2016
Benchmarks
Peer group
Industry55 - Management of Companies and Enterprises
Plan typeDefined contribution
Participants25-99
Cohort510 peers
Snapshot2018
90
Participant deferral / active EE
$16,182
median $3,435
88
Employer contribution / active EE
$13,081
median $1,814
59
Participation rate
88.0%
median 81.2%
95
Avg account balance
$236,072
median $55,043
3
Admin fee / account holder
$21,888
median $2,047
46
Annual return
-5.59%
median -5.53%
Overall peer rank
64of 100
64th percentileavg across 6 metrics
Analytics
2015 - 2019
Total assets (EOY)
Plan-year ending balance
$0
Average account balance
Total assets / participants with a balance (line 6g)
$236K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
99
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
88.0%
Contributions (total)
Employer and participant dollars contributed each year
$732K
Contributions per participant
Average employer and participant contribution per enrolled participant
$29K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-59.96%
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
Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.
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 codes2A2E2F2H2J2K2O3F
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.
Opportunity flags
1 tripped
- OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Expense breakdown
Schedule H Part II
Admin total
$2.2M
$86675 / participant
- Other / not subdivided$2M100.0%
% of EOY assets
9.272%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
No opinion code on file for this filing.
- Auditor firm
- (not reported)
- Auditor EIN
- -
- Audit fees
- (not subdivided)
- Opinion code
- -