# Duke Energy Corporation DB Plan
Source: https://planprovider.pro/companies/duke-energy-corporation-plan-001

> Duke Energy Corporation's DB plan: 12,384 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:** DB

- **Total Participants:** 12,384

- **Total Assets:** $4.7B

## 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|12,384|$4.7B|$0|$0|

| 2023|13,774|$4.0B|$100.0M|$0|

| 2022|14,651|$3.2B|$100.0M|$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|

| NORTHERN TRUST|TRUSTEE|$840,111|—|$840,111|

| MCCONNELL & JONES, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [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:** $840,111

- **Estimated Expense Ratio:** 0.018% 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|$4,000,000|—|—|—|—|

| 2023|$15,200,000|—|—|—|—|

| 2022|$2,900,000|$28,000|—|—|—|

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- [Duke Energy Corporation](https://planprovider.pro/companies/duke-energy-corporation-401k-plan) — 26,616 participants

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