PlanOptica
Retirement plan

DOMINION ENERGY PENSION PLAN

DOMINION ENERGY, INC.dba C/O DOMINION ENERGY SERVICES, INC.EIN 54-1229715Plan #101PY 2023
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120 TREDEGAR ST, CLEARINGHOUSE 3FL, ATTENTION BENEFITS REPORTING - RICHMOND, VA 232194306877-947-4636dominionenergy.comLinkedIn10001+ employeesutilities
Other plans on this EIN
6 filings
#001Retirement-$4.26B assets#016Retirement-$1.40B assets#005Retirement-$429.6M assets#028Retirement-$178.7M assets#027Retirement-$48.2M assets#021Retirement-$41.3M assets
Prospect flagsHigh retiree %Low employer contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(877) 947-4636
Plan administrator signer
MICHAEL GLAHN-MANAGER ACCOUNTING
Signed 10/15/2024
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)
$7571M
+12.1% from 2018
Total participants
39,714
-4.8% from 2018
Average account balance
$0
No prior year
Annual return
10.22%
+798.15 pp from 2018

Benchmarks

See 191 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort191 peers
Snapshot2023
Participant deferral / active EE
$0
median $12
Employer contribution / active EE
$4
median $5,926
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
10.22%
median 8.27%
Overall peer rank
33rd 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 ALIGHT4 years
Service code 14 · EIN 82-1061233
Plan Administrator
$1,493,506
WILLIS TOWERS WATSON4 years
Service code 11 · EIN 53-0181291
Actuarial
$428,542
DOMINION ENERGY SVCS INC2 years
Service code 14 · EIN 54-1229715
Plan Administrator
$14,064
DELOITTE & TOUCHE LLP6 years
Service code 10 · EIN 13-3891517
Accounting
-$26,093

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

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

2 tripped
  • OpportunityLow employer contribution

    Employer contribution per participant 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.

Expense breakdown

Schedule H Part II
Admin total
$12.3M
$1043 / participant
  • Trustee / custodial$358K2.9%
  • Actuarial$429K3.5%
  • Salaries / allowances$14K0.1%
  • Contract admin$1M12.2%
  • Other / not subdivided$10M81.3%
% of EOY assets
0.162%
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
$-26,093
Opinion code
Unqualified