Plan Snapshot
- Plan Sponsor: Duke Energy Corporation
- Sponsor EIN: 202777218
- Sponsor Address: 525 SOUTH TRYON STREET, CHARLOTTE, NC, 28202
- Plan Type: 401(k)
- Plan Number: 005
- Total Participants: 0
- Total Assets: $7.0B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $7.0B | $0 | $0 |
| 2023 | 0 | $7.3B | $0 | $0 |
| 2022 | 0 | $7.1B | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| RUSSELL INVESTMENTS | Investment Advisor | $10,430,077 | — | $10,430,077 |
| NORTHERN TRUST COMPANY | Other Service Provider | $592,445 | — | $592,445 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RUSSELL INVESTMENTS — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,022,522
- Estimated Expense Ratio: 0.157% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $15,000,000 | $10,430,077 | — | — | — |
| 2023 | $22,100,000 | $10,545,617 | — | — | — |
| 2022 | $14,800,000 | $12,700,000 | — | — | — |