Plan Snapshot
- Plan Sponsor: Duke Energy Corporation
- Sponsor EIN: 202777218
- Sponsor Address: 525 SOUTH TRYON STREET, CHARLOTTE, NC, 28202
- Plan Type: 401(k)
- Total Participants: 26,616
- Total Assets: $11.3B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 26,616 | $11.3B | $252.5M | $338.5M |
| 2023 | 27,341 | $10.4B | $246.3M | $335.2M |
| 2022 | 28,121 | $9.4B | $245.8M | $336.4M |
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 |
|---|---|---|---|---|
| FINANCIAL ENGINES | NONE | $4,725,000 | — | $4,725,000 |
| FIDELITY INVESTMENTS INSTITUTIONAL | NONE | $269,000 | — | $269,000 |
| RUSSELL INVESTMENT MANAGEMENT LLC | NONE | $189,000 | — | $189,000 |
| MCCONNELL & JONES LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — NONE
- MCCONNELL & JONES LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,183,000
- Estimated Expense Ratio: 0.046% 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 | $5,183,000 | $4,914,000 | — | — | — |
| 2023 | $6,219,000 | $5,585,000 | — | — | — |
| 2022 | $9,018,000 | $6,948,061 | $2,069,939 | — | — |