Retirement plan
DOMINION ENERGY OHIO UNION PENSION PLAN
DOMINION ENERGY, INC.EIN 54-1229715Plan #016PY 2023
120 TREDEGAR ST, CLEARINGHOUSE 3FL, ATTN BENEFITS REPORTING - RICHMOND, VA 232194306877-947-4636dominionenergy.comLinkedIn10001+ employeesutilities
Prospect flagsHigh retiree %Wind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
MICHAEL GLAHN-MANAGER ACCOUNTING
Signed 10/15/2024
Plan administrator entity
DOMINION ENERGY SERVICES, INC.
EIN 541962730
Summary metrics
Total assets (EOY)
$1395.5M
-5.4% from 2016
Total participants
3,011
-0.0% from 2016
Average account balance
$0
No prior year
Annual return
10.57%
-8.82 pp from 2016
Benchmarks
Peer group
Industry22 - Utilities
Plan typeDefined benefit
Participants1,000-4,999
Cohort44 peers
Snapshot2023
0
Participant deferral / active EE
$0
median $50
0
Employer contribution / active EE
$0
median $8,039
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $13,363
0
Admin fee / account holder
$0
median $125
70
Annual return
10.57%
median 9.39%
Overall peer rank
70of 100
70th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$0
Average account balance
Total assets / participants with a balance (line 6g)
$463K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
1,902
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
Not enough data
0 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
Not enough data
0 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-98.11%
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
Top 4 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 14 · EIN 82-1061233 | Plan Administrator | $106,879 |
DELOITTE & TOUCHE LLP8 years Service code 10 · EIN 13-3891517 | Accounting | $64,658 |
WILLIS TOWERS WATSON4 years Service code 11 · EIN 53-0181291 | Actuarial | $28,457 |
DOMINION ENERGY SVCS INC1 year Service code 14 · EIN 54-1229715 | Plan Administrator | $6,357 |
Enrolled actuary
1 attachment
SB
ROBERT WINN
WILLIS TOWERS WATSON US LLC
Enrollment #2306988
800 NORTH GLEBE ROAD
FLOOR 10
ARLINGTON, VA 22203
(703) 258-8000
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 codes1A1C3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1CCash balance or similar planA cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
2 tripped
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
- InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Expense breakdown
Schedule H Part II
Admin total
$490K
$442 / participant
- Trustee / custodial$29K6.0%
- Actuarial$28K5.8%
- Salaries / allowances$6K1.3%
- Contract admin$107K21.8%
- Other / not subdivided$319K65.1%
% of EOY assets
0.035%
all-in expense ratio
Categories reported
4 / 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
- $64,658
- Opinion code
- Unqualified