Plan Ledger DOL Form 5500 · updated monthly

Dominion Enterprises401(k)

DOMINION ENTERPRISES 401(K) EMPLOYEES' SAVINGS PLAN · NORFOLK, VA · plan year 2024

Reported admin expense ratio · 2024
0.05%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Dominion Enterprises reported $158,521 in plan administrative expenses for 2024: 0.05% of average plan assets, below the peer median. Employer contributions averaged $3,328 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.07% to 0.05%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other information & media employers. By assets it is the 105th-largest of 2,266 plans among Virginia employers on file, and the 128th of 2,199 in information & media. In 2024, employees put in $2.12 for every $1.00 the employer contributed; active participation has shrunk from 904 to 774 since 2022.

Plan summary
Net assets, end of year$337,401,615
Participants with balances2,755
Active participants774
Employer contributions$2,575,873
Employee contributions$5,450,281
Employer contribution per active participant$3,328
Average account balance$122,469
Benefits paid to participants$27,952,887
Plan auditUnmodified (clean) audit opinion
AuditorWALL, EINHORN & CHERNITZER, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$337.4M · 2,755 accts · $2.6M emplr
2023$310.3M · 2,954 accts · $2.6M emplr
2022$279.7M · 3,205 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$135,679
Investment management$4,794
Total administrative$158,521
The Dominion Enterprises 401(k) match · 2024
Employer contribution per active participant$3,328
Median for plans this size$4,294
2024$3,328 per active participant
2023$3,087 per active participant
2022$2,723 per active participant

Dominion Enterprises's 2024 employer contribution ran below the $4,294 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
VANGUARD GROUP INC. · Recordkeeping · Consulting$156,702
VANGUARD ADVISERS INC. · Investment advisory (participants)$4,794

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$158,521 · 0.05%
2023$164,994 · 0.06%
2022$226,196 · 0.07%
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Source: U.S. Department of Labor, Form 5500 series, EIN 541571947 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.