Plan Ledger DOL Form 5500 · updated monthly

Duquesne Light Company401(k)

DUQUESNE LIGHT COMPANY 401(K) RETIREMENT SAVINGS PLAN FOR IBEW REPRESENTED EMPLOYEES · PITTSBURGH, PA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Duquesne Light Company reported $197,997 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $7,301 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 rose from 0.09% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other utilities employers. By assets it is the 274th-largest of 3,651 plans among Pennsylvania employers on file, and the 97th of 412 in utilities. In 2024, employees put in $1.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$210,668,512
Participants with balances1,058
Active participants893
Employer contributions$6,520,066
Employee contributions$12,407,913
Employer contribution per active participant$7,301
Average account balance$199,120
Benefits paid to participants$8,022,806
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$210.7M · 1,058 accts · $6.5M emplr
2023$177.4M · 1,021 accts · $5.2M emplr
2022$143.1M · 1,012 accts · $4.8M emplr
The Duquesne Light Company 401(k) match · 2024
Employer contribution per active participant$7,301
Median for plans this size$3,635
2024$7,301 per active participant
2023$6,015 per active participant
2022$5,610 per active participant

Duquesne Light Company's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. 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 · 20243
THE VANGUARD GROUP, INC. · Recordkeeping · Trustee (directed)$61,412
VANGUARD ADVISERS INC. · Investment advisory (participants)$97,106
LCG ASSOCIATES INC. · Investment advisory (plan)$34,964

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$197,997 · 0.10%
2023$131,110 · 0.08%
2022$142,897 · 0.09%
Same employer
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Pjm Interconnection L.L.C. PA$498.1M · 0.02%
Quench USA, Inc PA$43.5M · 0.30%
Pennenergy Resources, LLC PA$27.3M · 0.01%
The York Water Company PA$16.5M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 250451600 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.