401(k) · DOL Form 5500 · 2023
Dominion Energy, Inc. 401(k) Plan
Data updated 2026-08-11
- $430M
- Total assets
- 2,622
- Participants
- 97th
- Percentile by assets
- $163,851
- Avg per participant
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.
- 97th percentile by assets (of 127,072 plans)
- #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.
- $430M
- total plan assets (2023 EOY)
- 2,622
- covered participants
- 97th
- percentile by assets (of 127,072 plans)
- $163,851
- avg assets per participant
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.
Participants vs Virginia filers
In Virginia, the average filing covers about 782 participants across 3,655 plans. Dominion Energy Hourly Savings Plan reports 2,622 participants - 3.4x that state average ($430M EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $415M |
|---|---|
| Net Assets (End of Year) | $429M |
| Net Income | $23M |
| Employer EIN | 541229715 |
| Plan Effective Date | 1989-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Dominion Energy, Inc.)
| 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
- Northrop Grumman Savings Plan $36.2B · 97,987
- 401(k) Pension Plan $15.0B · 62,467
- General Dynamics Corporation 401(k) Plan 6.0 $11.2B · 48,860
- Leidos, Inc. Retirement Plan $10.6B · 27,043
- Bae Systems Employees' Savings and Investment Plan $9.4B · 31,681
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Dominion Energy Hourly Savings Plan by total assets, not by location.
- Vitas Healthcare Corporation 401(k) Plan (FL) $429M · 9,216
- Arm, Inc. 401(k) Savings Plan (TX) $429M · 1,086
- Solenis, LLC Employee Savings Plan (DE) $430M · 1,751
- H. Lee Moffitt Cancer Center and Research Institute, Inc. (FL) $430M · 6,428
Frequently Asked Questions
How did Dominion Energy Hourly Savings Plan assets move in 2023? ▼
How have Dominion Energy, Inc. plan assets changed over time? ▼
Where does Dominion Energy Hourly Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Dominion Energy Hourly Savings Plan? ▼
Next read for Dominion Energy Hourly Savings Plan
Filing takeaways
Ways to act on Dominion Energy Hourly Savings Plan's numbers.
- By total assets, Dominion Energy Hourly Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Virginia. Compare plans
- Dominion Energy, Inc.'s sponsor-wide assets have grown 0.4% since 2022 across 3 plan years on file. More Utilities plans