PlanOptica
Retirement plan

DOMINION ENERGY PENSION PLAN

DOMINION ENERGY, INC.dba C/O DOMINION ENERGY SERVICES, INC.EIN 54-1229715Plan #101PY 2022
Sign in to saveView 5500 PDF
120 TREDEGAR ST, CLEARINGHOUSE 3FL, ATTENTION BENEFITS REPORTING - RICHMOND, VA 232194306877-947-4636dominionenergy.comLinkedIn10001+ employeesutilities
Other plans on this EIN
6 filings
#001Retirement-$3.94B assets#016Retirement-$1.29B assets#005Retirement-$415.0M assets#028Retirement-$179.4M assets#027Retirement-$56.6M assets#021Retirement-$39.4M assets
Prospect flagsHigh retiree %Low returnsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(877) 947-4636
Plan administrator signer
GEORGE FEARNOW-SR. STRAT. ACCT. ADV
Signed 10/16/2023
Plan administrator entity
DOMINION ENERGY SERVICES, INC.
EIN 541962730
120 TREDEGAR ST, CLEARINGHOUSE 3FL · RICHMOND, VA 232194306
How to read this page

Summary metrics

Total assets (EOY)
$7265.8M
+12.1% from 2018
Total participants
38,838
-4.8% from 2018
Average account balance
$0
No prior year
Annual return
-21.52%
+798.15 pp from 2018

Benchmarks

See 204 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort204 peers
Snapshot2022
Participant deferral / active EE
$0
median $38
Employer contribution / active EE
$0
median $6,003
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $1,469,698
Admin fee / account holder
$0
median $19,323
Annual return
-21.52%
median -13.75%
Overall peer rank
17th 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 4 by compensation
ProviderService typeCompensation
TEMPO HOLDING CO LLC DBA ALIGHT3 years
Service code 14 · EIN 82-1061233
Plan Administrator
$1,603,931
WILLIS TOWERS WATSON3 years
Service code 11 · EIN 53-0181291
Actuarial
$375,813
DELOITTE & TOUCHE LLP5 years
Service code 10 · EIN 13-3891517
Accounting
$68,746
DOMINION ENERGY SVCS INC1 year
Service code 14 · EIN 54-1229715
Plan Administrator
$15,201

Enrolled actuary

1 attachment
SB

ROBERT D WINN

WILLIS TOWERS WATSON US LLC
Enrollment #2306988
800 NORTH GLEBE ROAD
FLOOR 10
ARLINGTON, VA 22203
(703) 258-8000
Signed 2023-10-03

Top hat statement on fileNQDC

Filed April 5, 2021 (most recent of 5 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
120 Tredegar Street
Richmond, VA 23219
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (1)

  • Dominion Energy, Inc. Deferred Compensation Plan26 emp
Open the filing PDF

Plan features & details

Pension benefit codes1A1E1C3F3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1C
    Cash balance or similar plan
    A 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).
  • 1E
    Section 401(h) arrangement
    Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 3H
    Controlled group member
    Plan 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
$6.2M
$507 / participant
  • Other / not subdivided$6M100.0%
% of EOY assets
0.085%
all-in expense ratio
Categories reported
0 / 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