Retirement plan
DOMINION ENERGY OHIO UNION SAVINGS PLAN
DOMINION ENERGY, INC.EIN 54-1229715Plan #028PY 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)
$216.3M
-6.5% from 2016
Total participants
1,216
+0.2% from 2016
Average account balance
$185,035
-7.0% from 2016
Annual return
5.23%
-16.05 pp from 2016
Benchmarks
Peer group
Industry55 - Management of Companies and Enterprises
Plan typeDefined contribution
Participants1,000-4,999
Cohort133 peers
Snapshot2020
70
Participant deferral / active EE
$7,109
median $4,731
48
Employer contribution / active EE
$2,398
median $2,468
60
Participation rate
95.4%
median 93.8%
86
Avg account balance
$185,035
median $84,617
8
Admin fee / account holder
$211
median $95
5
Annual return
5.23%
median 15.42%
Overall peer rank
46of 100
46th 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)
$150K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
1,191
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
92.1%
Contributions (total)
Employer and participant dollars contributed each year
$25.03M
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
-47.49%
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 1 by compensation
| Provider | Service type | Compensation |
|---|---|---|
FINANCIAL ENGINE ADVISORS, LLC6+ years Service code 26 · EIN 94-3250323 | Advisory (Participants) | $52,240 |
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
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
Expense breakdown
Schedule H Part II
Admin total
$247K
$242 / participant
- Contract admin$5K2.0%
- Other / not subdivided$242K98.0%
% of EOY assets
0.114%
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