Plan Snapshot
- Plan Sponsor: Duke Energy Corporation
- Sponsor EIN: 202777218
- Sponsor Address: 525 SOUTH TRYON STREET, CHARLOTTE, NC, 28202
- Plan Type: Health & Welfare
- Plan Number: 503
- Total Participants: 0
- Total Assets: $25.7M
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 | $25.7M | $32.8M | $5.2M |
| 2023 | 0 | $25.3M | $83.1M | $7.5M |
| 2022 | 0 | $36.0M | $50.6M | $11.0M |
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 |
|---|---|---|---|---|
| UNITED HEALTHCARE | Other Service Provider | $222,042 | — | $222,042 |
| MCCONNELL & JONES | Auditor | $42,850 | — | $42,850 |
| EXTEND HEALTH | Other Service Provider | $36,139 | — | $36,139 |
| STANDISH MELLON ASSET MANAGEMENT | Other Service Provider | $28,074 | — | $28,074 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MCCONNELL & JONES — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $329,105
- Estimated Expense Ratio: 1.280% 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 | $333,000 | $28,074 | $262,076 | $42,850 | — |
| 2023 | $554,000 | $118,000 | $396,000 | $40,000 | — |
| 2022 | $875,000 | $5,411 | $579,419 | — | $38,170 |