Retirement plan

CONSTELLATION CASH BALANCE PENSION PLAN FOR BARGAINING UNIT EMPLOYEES

Name: CONSTELLATION ENERGY GENERATION LLC - CONSTELLATION CASH BALANCE PENSION PLAN FOR BARGAINING UNIT EMPLOYEES (2023) Form 5500
Creator: CONSTELLATION ENERGY GENERATION LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONSTELLATION CASH BALANCE PENSION PLAN FOR BARGAINING UNIT EMPLOYEES, CONSTELLATION ENERGY GENERATION LLC

CONSTELLATION ENERGY GENERATION LLCEIN 23-3064219Plan #002PY 2023

200 ENERGY WAY - KENNETT SQUARE, PA 19348779-231-5341

Other plans on this EIN

4 filings

#001Retirement-$5.32B assets #006Retirement-$5.31B assets #013Retirement-$1.26B assets #005Retirement-$2.0M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$84.4M

-15.8% from 2023

Total participants

1,202

-5.3% from 2023

Average account balance

No prior year

Annual return

6.85%

-6.85 pp from 2023

Benchmarks

See 44 peers

Peer group

Industry22 - Utilities

Plan typeDefined benefit

Participants1,000-4,999

Cohort44 peers

Snapshot2023

Participant deferral / active EE

median $50

Employer contribution / active EE

$8,174

median $8,039

Participation rate

0.0%

median 0.0%

Avg account balance

median $13,363

Admin fee / account holder

median $125

Annual return

6.85%

median 9.39%

Overall peer rank

30of 100

30th percentileavg across 6 metrics

Analytics

2022 - 2024

Total assets (EOY)

Plan-year ending balance

$97.39M

Average account balance

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

$78K

Participants with account balance

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

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

$9.69M

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+5.56%

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 4 by compensation

Provider	Service type	Compensation
ALIGHT SOLUTIONS LLC2+ years Service code 15 · EIN 82-1061233	Recordkeeping	$192,389
WILLIS TOWERS WATSON US LLC2+ years Service code 11 · EIN 53-0181291	Actuarial	$152,631
CONSTELLATION ENERGY GENERATION LLC2+ years Service code 49 · EIN 23-3064219	Other Services	$121,564
NORTHERN TRUST COMPANY2+ years Filed as: NORTHERN TRUST CORPORATION Service code 19 · EIN 36-1561860	Securities Custodian	$9,075

Enrolled actuary

1 attachment

JUDY M. KRUSE

WILLIS TOWERS WATSON

Enrollment #2305907

233 SOUTH WACKER DRIVE,

SUITE 1800

CHICAGO, IL 606061615

(312) 525-2500

Plan features & details

Pension benefit codes1A1C3H3F

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$611K

$534 / participant

Investment mgmt$508K83.2%
Other / not subdivided$103K16.8%

% of EOY assets

0.724%

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: MITCHELL & TITUS, LLP
Auditor EIN: 132781641
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,363-100.0%

$191,373-100.0%

$13,363-100.0%

Participation rate

0.0%

0.0%0pp

5.3%-5.3pp

2.2%-2.2pp

Annual return

6.85%

8.28%-1.4pp

8.46%-1.6pp

9.11%-2.3pp

Employer contribution / active EE

$8,174

$8,225-0.6%

$25,175-67.5%

$12,231-33.2%

Participant deferral / active EE

$294-100.0%

$181-100.0%

$1,272-100.0%

Admin fee / account holder

$125-100.0%

$730-100.0%

$125-100.0%

Provider

Service type

Compensation

ALIGHT SOLUTIONS LLC2+ years

Service code 15 · EIN 82-1061233

Recordkeeping

$192,389

WILLIS TOWERS WATSON US LLC2+ years

Service code 11 · EIN 53-0181291

Actuarial

$152,631

CONSTELLATION ENERGY GENERATION LLC2+ years

Service code 49 · EIN 23-3064219

Other Services

$121,564

NORTHERN TRUST COMPANY2+ years

Filed as: NORTHERN TRUST CORPORATION

Service code 19 · EIN 36-1561860

Securities Custodian

$9,075

CONSTELLATION CASH BALANCE PENSION PLAN FOR BARGAINING UNIT EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

JUDY M. KRUSE

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONSTELLATION CASH BALANCE PENSION PLAN FOR BARGAINING UNIT EMPLOYEES

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