Retirement plan
DOMINION ENERGY PENSION PLAN
DOMINION ENERGY, INC.dba C/O DOMINION ENERGY SERVICES, INC.EIN 54-1229715Plan #101PY 2018
ATTENTION BENEFITS REPORTING - RICHMOND, VA 232193927877-947-4636dominionenergy.comLinkedIn10001+ employeesutilities
Prospect flagsHigh retiree %Low returnsWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JASON HATCHER, ACCPOUNTING MANAGER
Signed 10/15/2019
Plan administrator entity
DOMINION ENERGY SERVICES, INC.
EIN 541962730
701 EAST CARY ST · RICHMOND, VA 232193927
Summary metrics
Total assets (EOY)
$5829.2M
+12.1% from 2018
Total participants
35,585
-4.8% from 2018
Average account balance
$0
No prior year
Annual return
-5.65%
+798.15 pp from 2018
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort223 peers
Snapshot2018
0
Participant deferral / active EE
$0
median $34
0
Employer contribution / active EE
$0
median $5,100
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $7,764,297
0
Admin fee / account holder
$0
median $62,356
18
Annual return
-5.65%
median -3.72%
Overall peer rank
18of 100
18th percentileavg across 6 metrics
Analytics
2017 - 2024
Total assets (EOY)
Plan-year ending balance
$8.33B
Average account balance
Total assets / participants with a balance (line 6g)
$214K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
29,074
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
$47K
Contributions per participant
Average employer and participant contribution per enrolled participant
$4
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.87%
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 10 of 50 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 23 · EIN 51-4012410 | Insurance services | $20,700,975 |
Service code 64 · EIN 82-1061233 | Recordkeeping Fees | $1,746,603 |
Service code 11 · EIN 53-0181291 | Actuarial | $449,318 |
OCM SPECIAL SITS2+ years Service code 52 · EIN 98-1084550 | Indirect Investment Fees | $387,905 |
AG REALTY NET LEASE II2+ years Service code 52 · EIN 27-0269334 | Indirect Investment Fees | $357,050 |
PIMCO CORP OPP II2+ years Service code 52 · EIN 38-3976443 | Indirect Investment Fees | $292,298 |
THOMAS H. LEE VI1 year Service code 52 C/O THOMAS H. LEE PARTNERS LP · BOSTON, MA 02110 | Indirect Investment Fees | $269,151 |
TRILANTIC MB IV1 year Service code 52 · EIN 46-4688952 | Indirect Investment Fees | $266,050 |
NORTHERN TRUST COMPANY2+ years Service code 21 · EIN 36-1561860 | Bank Trustee | $251,602 |
OWS MORTGAGE OPP II1 year Service code 52 · EIN 92-1159450 | Indirect Investment Fees | $232,988 |
Enrolled actuary
1 attachment
SB
ROBERT D WINN
WILLIS TOWERS WATSON US LLC
Enrollment #1706988
800 NORTH GLEBE ROAD
FLOOR 10
ARLINGTON, VA 22203
(703) 258-8000
Signed 2019-10-14
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 codes1A1E1C3F3H
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).
- 1ESection 401(h) arrangementPlan contains separate accounts under Code section 401(h) to provide employee health benefits.
- 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
3 tripped
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
- 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
$23.2M
$1634 / participant
- Other / not subdivided$23M100.0%
% of EOY assets
0.398%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Disclaimer opinion
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
- Auditor firm
- DELOITTE & TOUCHE LLP
- Auditor EIN
- 133891517
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer