Duke Energy Retiree Health & Welfare Benefit (Financed) Plans — Form 5500 plan (Duke Energy Corporation)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Duke Energy Retiree Health & Welfare Benefit (Financed) Plans is a benefit plan reported by Duke Energy Corporation under EIN 20-2777218 and plan number 503. The latest loaded filing year is 2023. The filing reports 38,446 participants and $25,325,000 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Duke Energy Corporation
- EIN
- 20-2777218
- Plan number
- 503
- Plan type
- 2
- Location
- Charlotte, NC
- Latest filing year
- 2023
- Participants
- 38,446
- End-of-year plan assets
- $25,325,000
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 38,446 | H, C | 20241209112333NAL0010569361001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $25,325,000
- Total liabilities (EOY)
- $402,000
- Net assets (EOY)
- $24,923,000
- Net assets (BOY)
- $32,810,000
Income & contributions
- Employer contributions
- $83,114,000
- Participant contributions
- $7,547,000
- Total contributions
- $90,661,000
- Total income / additions
- $97,353,000
Expenses & distributions
- Benefits paid
- $104,686,000
- Administrative expenses
- $554,000
- Total expenses
- $105,240,000
- Net increase / (decrease)
- -$7,887,000
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| United Healthcare | NONE | $339,870 | not reported in the loaded dataset | 2023 |
| Standish Mellon Asset Management | NONE | $118,406 | not reported in the loaded dataset | 2023 |
| Mcconnell & Jones | AUDITOR | $40,325 | not reported in the loaded dataset | 2023 |
| Extend Health | NONE | $39,512 | not reported in the loaded dataset | 2023 |
| Connecticut General Life | NONE | $8,254 | not reported in the loaded dataset | 2023 |
| Caremark | NONE | $7,930 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Duke Energy Corporation
- 2023 Form 5500 filing
- Form 5500 filings in NC
- 401(k) and benefit plan filings in Charlotte, NC
- United Healthcare — Schedule C compensation
- Standish Mellon Asset Management — Schedule C compensation
- Mcconnell & Jones — Schedule C compensation
- Extend Health — Schedule C compensation
- Connecticut General Life — Schedule C compensation
- Caremark — Schedule C compensation