Retirement plan

PENSION PLAN OF CONSTELLATION ENERGY GROUP, INC

Name: EXELON CORPORATION - PENSION PLAN OF CONSTELLATION ENERGY GROUP, INC (2017) Form 5500
Creator: EXELON CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENSION PLAN OF CONSTELLATION ENERGY GROUP, INC, EXELON CORPORATION

EXELON CORPORATIONEIN 23-2990190Plan #016PY 2017

10 S. DEARBORN ST., 50TH FLOOR - CHICAGO, IL 60603312-394-2819exeloncorp.comLinkedIn10001+ employeesutilities

Other plans on this EIN

10 filings

#002Retirement-$11.65B assets #003Retirement-$8.06B assets #022Retirement-$2.43B assets #004Retirement-$2.15B assets #023Retirement-$1.28B assets #013Retirement-$401.7M assets #018Retirement-$364.1M assets #021Retirement-$185.7M assets #012Retirement-$95.2M assets #005Retirement-$70.7M assets

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$1615.5M

-3.6% from 2016

Total participants

10,267

+2.4% from 2016

Average account balance

No prior year

Annual return

15.28%

-9.04 pp from 2016

Benchmarks

See 51 peers

Peer group

Industry22 - Utilities

Plan typeDefined benefit

Participants1,000-4,999

Cohort51 peers

Snapshot2017

Participant deferral / active EE

median $46

Employer contribution / active EE

$10,366

median $12,049

Participation rate

0.0%

median 0.0%

Avg account balance

Admin fee / account holder

Annual return

15.28%

median 14.48%

Overall peer rank

45of 100

45th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$966.82M

Average account balance

Total assets / participants with a balance (line 6g)

$190K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

3,124

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

$25.00M

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+0.31%

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

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 29 by compensation

Provider	Service type	Compensation
ALIGHT SOLUTIONS LLC1 year Filed as: ALIGHT SOLUTIONS, LLC Service code 15 · EIN 82-1061233	Recordkeeping	$922,883
OAKTREE CAPITAL MANAGEMENT, L.P.1 year Filed as: OAKTREE CAPITAL MGMT LP Service code 28 · EIN 26-0189082	Investment Management	$445,214
EXELON BUSINESS SERVICES CO2 years Service code 14 · EIN 23-3063219	Plan Administrator	$403,280
NORTHERN TRUST COMPANY3+ years Filed as: NORTHERN TRUST CORPORATION Service code 19 · EIN 36-1561860	Securities Custodian	$375,932
WILLIS TOWERS WATSON US LLC3+ years Filed as: TOWERS WATSON DELAWARE INC Service code 11 · EIN 53-0181291	Actuarial	$318,269
BLACKROCK3+ years Filed as: BLACKROCK INSTITUTIONAL TRUST CO Service code 28 · EIN 94-3112180	Investment Management	$241,988
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY INVESTMENT MGMT Service code 28 · EIN 13-3040307	Investment Management	$115,333
ACADIAN ASSET MANAGEMENT LLC1 year Filed as: ACADIAN ASSET MGMT LLC Service code 28 · EIN 04-2929221	Investment Management	$97,381
UBS FINANCIAL SERVICES INC1 year Filed as: UBS ASSET MANAGEMENT TRUST COMPANY Service code 27 · EIN 36-3718331	Advisory (Plan)	$66,923
BOSTON PARTNERS3+ years Service code 28 350 S GRAND AVE · LOS ANGELES, CA 90071	Investment Management	$46,895

Enrolled actuary

1 attachment

JUDY M. KRUSE

TOWERS WATSON DELWARE INC.

Enrollment #1705907

233 SOUTH WACKER DRIVE, SUITE 1800

CHICAGO, IL 606061615

(312) 525-2500

Signed 2018-09-26

Plan features & details

Pension benefit codes1A1C3F3H

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).
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

1 tripped

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

$9.6M

$1947 / participant

Investment mgmt$1M14.2%
Contract admin$923K9.6%
Other / not subdivided$7M76.3%

% of EOY assets

0.597%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WASHINGTON, PITTMAN & MCKEEVER, LLC
Auditor EIN: 364189747
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,655,338-100.0%

Participation rate

0.0%

0.0%0pp

7.4%-7.4pp

0.0%0pp

Annual return

15.28%

19.60%-4.3pp

11.12%+4.2pp

17.84%-2.6pp

Employer contribution / active EE

$10,366

$16,438-36.9%

$22,651-54.2%

$14,688-29.4%

Participant deferral / active EE

$424-100.0%

$198-100.0%

$770-100.0%

Admin fee / account holder

$57,986-100.0%

Provider

Service type

Compensation

ALIGHT SOLUTIONS LLC1 year

Filed as: ALIGHT SOLUTIONS, LLC

Service code 15 · EIN 82-1061233

Recordkeeping

$922,883

OAKTREE CAPITAL MANAGEMENT, L.P.1 year

Filed as: OAKTREE CAPITAL MGMT LP

Service code 28 · EIN 26-0189082

Investment Management

$445,214

EXELON BUSINESS SERVICES CO2 years

Service code 14 · EIN 23-3063219

Plan Administrator

$403,280

NORTHERN TRUST COMPANY3+ years

Filed as: NORTHERN TRUST CORPORATION

Service code 19 · EIN 36-1561860

Securities Custodian

$375,932

WILLIS TOWERS WATSON US LLC3+ years

Filed as: TOWERS WATSON DELAWARE INC

Service code 11 · EIN 53-0181291

Actuarial

$318,269

BLACKROCK3+ years

Filed as: BLACKROCK INSTITUTIONAL TRUST CO

Service code 28 · EIN 94-3112180

Investment Management

$241,988

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY INVESTMENT MGMT

Service code 28 · EIN 13-3040307

Investment Management

$115,333

ACADIAN ASSET MANAGEMENT LLC1 year

Filed as: ACADIAN ASSET MGMT LLC

Service code 28 · EIN 04-2929221

Investment Management

$97,381

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS ASSET MANAGEMENT TRUST COMPANY

Service code 27 · EIN 36-3718331

Advisory (Plan)

$66,923

BOSTON PARTNERS3+ years

Service code 28

350 S GRAND AVE · LOS ANGELES, CA 90071

Investment Management

$46,895

PENSION PLAN OF CONSTELLATION ENERGY GROUP, INC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

JUDY M. KRUSE

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENSION PLAN OF CONSTELLATION ENERGY GROUP, INC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

JUDY M. KRUSE

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion