401(k) · DOL Form 5500 · 2023

Dominion Energy, Inc. 401(k) Plan

Data updated 2026-08-25

$430M
Total assets Above avg plan size
2,622
Participants Above avg headcount
97th
Percentile by assets National rank
$163,851
Avg per participant Above avg balance/head
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Official DOL plan name: Dominion Energy Hourly Savings Plan · Sponsored by Dominion Energy, Inc. · Virginia · Utilities

$430M in assets, 2,622 participants

Dominion Energy, Inc.'s Dominion Energy Hourly Savings Plan reported $430M in total assets and 2,622 participants in its 2023 DOL Form 5500 filing, ranking in the 97th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #584 in Utilities (721 peers)

Coverage in Virginia

Dominion Energy Hourly Savings Plan covers 2,622 participants in Virginia, 3.4x the typical Virginia plan (state average ~782 per filing). Assets: $430M.

#584
in Utilities (721 peers)
+3.5%
assets growth YoY
4.3×
vs typical plan assets (national mean)

Dominion Energy Hourly Savings Plan's outsized position by total assets

Dominion Energy Hourly Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$429,616,570 Top 3% higher than 97% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Dominion Energy Hourly Savings Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Dominion Energy Hourly Savings Plan lands in the large band (2,622 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Dominion Energy Hourly Savings Plan reported net income rose from -$93M in the plan year 2022 filing to $23M in the plan year 2023 filing.
  • Dominion Energy Hourly Savings Plan end-of-year assets rose from $415M in the plan year 2022 filing to $430M in the plan year 2023 filing.
  • Dominion Energy Hourly Savings Plan reported participants rose from 2,552 in the plan year 2022 filing to 2,622 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 541229715 · Dominion Energy, Inc. PY 2023 · 401(k)

Dominion Energy Hourly Savings Plan · $430M · 2,622 · 97th

  • SCH $430M
  • SCH 2,622
  • SCH 97th
  • SCH 401(k)
  • SCH near Vitas Healthcare Corporation 401(k) Plan
  • SCH ind #584

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Utilities retirement plans → · Plans in Virginia →

Dominion Energy Hourly Savings Plan in the asset neighbourhood

H. Lee Moffitt Cancer Center and Research Institute, Inc.H. Lee Moffitt Cancer Center…$430MSolenis, LLC Employee Savings PlanSolenis, LLC Employee Saving…$430MDominion Energy Hourly Savings PlanDominion Energy Hourly Savin…$430MVitas Healthcare Corporation 401(k) PlanVitas Healthcare Corporation…$429MArm, Inc. 401(k) Savings Plan$429M
End-of-year total assets ($M) among Dominion Energy Hourly Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$415M
Net Assets (End of Year)$429M
Net Income$23M
Employer EIN541229715
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Dominion Energy, Inc.)

Sponsor-wide plan assets over time

All Dominion Energy, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$13.2B 0.4251179548258915% vs 2022
2024 filing year
$13B$13.5B$14B$14.5B 202220232024 $13.2B $13.2B ▲ +0.5%
Year Plans Participants Total Assets
2022 7 31,234 $13.2B
2023 7 30,715 $13.9B
2024 7 30,846 $13.2B

Nearby 401(k) Plans in Virginia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Dominion Energy Hourly Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Dominion Energy Hourly Savings Plan, Total assets ($B): 0.42961657 · Participants: 2622Dominion Energy Hourly Savings PlanNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Dominion Energy Hourly Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Dominion Energy Hourly Savings Plan side-by-side with 3 peers →

Dominion Energy Hourly Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Vitas Healthcare Corporation 401(k) Plan in FL ($429M); by covered participants it is Horizon Services LLC 401(k) Plan in DE (2,623 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($430M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,622 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Dominion Energy Hourly Savings Plan assets move in 2023? ▼
Dominion Energy Hourly Savings Plan edged up modestly - up 3.5% during 2023, from $415M to $430M. Reported net income was $23M.
How have Dominion Energy, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Dominion Energy, Inc.'s sponsor-wide assets grew 0.4%, from $13.2B to $13.2B.
Where does Dominion Energy Hourly Savings Plan rank by assets among Form 5500 filers? ▼
Dominion Energy Hourly Savings Plan ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Dominion Energy Hourly Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Vitas Healthcare Corporation 401(k) Plan in FL ($429M, 9,216 participants).
Which 401(k) plans cover a similar participant headcount to Dominion Energy Hourly Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Horizon Services LLC 401(k) Plan in DE (2,623 participants, $73M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 541229715.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.