# Duke Energy Corporation 401(k) Plan
Source: https://planprovider.pro/companies/duke-energy-corporation-401k-plan

> Duke Energy Corporation's 401(k) plan: 26,616 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fidelity-investments) — NONE

- [MCCONNELL & JONES LLP](https://planprovider.pro/provider/mcconnell-and-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|—|—|

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