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: 505
- Total Participants: 27,143
- Total Assets: $0
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 | 27,143 | $0 | $0 | $0 |
| 2023 | 28,124 | $0 | $0 | $0 |
| 2022 | 28,529 | $0 | $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 |
|---|---|---|---|---|
| UNITED HEALTHCARE | Other Service Provider | $18,170,505 | — | $18,170,505 |
| CAREMARK | Other Service Provider | $1,560,317 | — | $1,560,317 |
| LINCOLN NATIONAL LIFE INSURANCE | Recordkeeper | $1,521,284 | — | $1,521,284 |
| CONNECTICUT GENERAL LIFE | Other Service Provider | $1,486,705 | — | $1,486,705 |
| TEMPO HOLDING COMPANY LLC | Recordkeeper | $1,463,605 | — | $1,463,605 |
| OMADA HEALTH | Other Service Provider | $1,202,361 | — | $1,202,361 |
| THE NORTHERN TRUST COMPANY | Other Service Provider | $1,189,337 | — | $1,189,337 |
| UNITED BEHAVIORAL HEALTH DDA OPTUM | Other Service Provider | $1,115,324 | — | $1,115,324 |
| TELADOC HEALTH INC | Other Service Provider | $535,567 | — | $535,567 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL LIFE INSURANCE — Recordkeeper
- TEMPO HOLDING COMPANY LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,245,005
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 | — | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |