Employers › Duke Energy
Recordkeeping fees per participant · Duke Energy Retirement Savings Plan · plan year 2024
$7.72
Higher than 11% of the 790 plans over $1B that report it.
= $269,000 / 34,836
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251010135251NAL0018754754001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010135251NAL0018754754001, received 2025-10-10
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-10.
Administrative expenses excluding investment management, per participant
$7.72
Higher than 8% of the 1,045 plans over $1B that report it.
= $269,000 / 34,836
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251010135251NAL0018754754001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010135251NAL0018754754001, received 2025-10-10
Administrative expenses per participant
$148.78
Higher than 87% of the 1,076 plans over $1B that report it.
= $5,183,000 / 34,836
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010135251NAL0018754754001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010135251NAL0018754754001, received 2025-10-10
Administrative expenses as a share of assets
0.046%
Higher than 50% of the 1,076 plans over $1B that report it.
= $5,183,000 / $11,269,744,000
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010135251NAL0018754754001, received 2025-10-10
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251010135251NAL0018754754001, received 2025-10-10
Employer contributions per participant
$7,247
Higher than 83% of the 1,135 plans over $1B that report it.
= $252,470,000 / 34,836
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010135251NAL0018754754001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010135251NAL0018754754001, received 2025-10-10
Employer share of total contributions
40.9%
Higher than 77% of the 1,135 plans over $1B that report it.
= $252,470,000 / $617,057,000
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010135251NAL0018754754001, received 2025-10-10
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251010135251NAL0018754754001, received 2025-10-10
Employer match
“The Participating Company generally matches 100% of the first 6% of the employee’s eligible compensation that is contributed to the Plan in the form of pretax and/or Roth 401(k) contributions.”
Form 11-K filed 2026-06-25, for the year ended 2025-12-31 · plan description note, contributions · source document
Vesting
“A participant is 100% vested in their Plan account balance attributable to employee and company matching contributions (and earnings on those contributions).”
Form 11-K filed 2026-06-25, for the year ended 2025-12-31 · plan description note, vesting · source document
Automatic enrollment
“Duke Energy automatically enrolls new full or part-time employees eligible for the Plan.”
Form 11-K filed 2026-06-25, for the year ended 2025-12-31 · plan description note, contributions · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2S pre-approved plan document · 2R participant brokerage window · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251010135251NAL0018754754001, received 2025-10-10
| Field | Value | Source |
|---|---|---|
| Plan sponsor | DUKE ENERGY CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Plan name | DUKE ENERGY RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Sponsor EIN / plan number | 20-2777218 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Sponsor location | CHARLOTTE, NC | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Industry (business code) | 221100, Utilities | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Filing received | 2025-10-10 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Participants, beginning of year | 35,803 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Active participants | 26,616 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Participants, end of year | 35,031 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Participants with an account balance | 34,836 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Total assets, beginning of year | $10,354,065,000 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Total assets, end of year | $11,269,744,000 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Net assets, end of year | $11,269,744,000 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Total income | $2,191,399,000 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Net income | $915,679,000 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Employer contributions | $252,470,000 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Participant contributions | $338,468,000 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Other contributions (incl. rollovers) | $26,119,000 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Total contributions | $617,057,000 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Benefit payments | $1,270,537,000 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Total expenses (incl. benefit payments) | $1,275,720,000 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Total administrative expenses | $5,183,000 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Recordkeeping fees | $269,000 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Investment advisory and management fees | $4,914,000 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Administrative expenses excluding investment management | $269,000 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Held in mutual funds | $9,569,696,000 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251010135251NAL0018754754001, received 2025-10-10 |
| Independent auditor | MCCONNELL & JONES LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251010135251NAL0018754754001, received 2025-10-10 |
Position = column in the DOL layout for form year 2024. Filing 20251010135251NAL0018754754001, received 2025-10-10.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FINANCIAL ENGINES | NONE | 27 Investment advisory (plan) | $4,725,000 | no |
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | NONE | 64 Recordkeeping fees; 71 Securities brokerage commissions and fees; 37 Participant loan processing; 65 Account maintenance fees | $269,000 | yes |
| RUSSELL INVESTMENT MANAGEMENT LLC | NONE | 16 Consulting (general) | $189,000 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251010135251NAL0018754754001, received 2025-10-10.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $10,354,065,000 | $11,269,744,000 | 8.8% |
| Participants with a balance | 35,588 | 34,836 | -2.1% |
| Administrative expenses | $6,219,000 | $5,183,000 | -16.7% |
| Recordkeeping fees per participant | $17.81 | $7.72 | -56.7% |
| Employer contributions | $246,331,000 | $252,470,000 | 2.5% |
Prior filing 20241010164909NAL0034799968001, received 2024-10-10; the plan years are contiguous.
Sponsor name as filed: DUKE ENERGY CORPORATION; SEC registrant: Duke Energy CORP (CIK 1326160, matched by EIN).