401(k) · DOL Form 5500 · 2023
Duke Energy Corporation 401(k) Plan
Data updated 2026-08-25
- $10.4B
- Total assets Mega-plan scale
- 28,121
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $368,197
- Avg per participant High balance/head
Official DOL plan name: Duke Energy Retirement Savings Plan · Sponsored by Duke Energy Corporation · North Carolina · Utilities
$10.4B in assets, 28,121 participants
Duke Energy Corporation's Duke Energy Retirement Savings Plan reported $10.4B in total assets and 28,121 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.
- #716 in Utilities (721 peers)
Coverage in North Carolina
Duke Energy Retirement Savings Plan covers 28,121 participants in North Carolina, 34x the typical North Carolina plan (state average ~819 per filing). Assets: $10.4B.
- #716
- in Utilities (721 peers)
- +10.6%
- assets growth YoY
- 104×
- vs typical plan assets (national mean)
Duke Energy Retirement Savings Plan's outsized position by total assets
Duke Energy Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$10,354,065,000 Highest reported value at or above every one of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Duke Energy Retirement Savings Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Duke Energy Retirement Savings Plan is a mega filing (28,121 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Duke Energy Retirement Savings Plan reported net income rose from -$1.8B in the plan year 2022 filing to $989M in the plan year 2023 filing.
- Duke Energy Retirement Savings Plan end-of-year assets rose from $9.4B in the plan year 2022 filing to $10.4B in the plan year 2023 filing.
- Duke Energy Retirement Savings Plan reported participants rose from 27,731 in the plan year 2022 filing to 28,121 in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 202777218 · Duke Energy Corporation PY 2023 · 401(k)
Duke Energy Retirement Savings Plan · $10.4B · 28,121 · 100th
- ASSETS $10.4B
- PCT 28,121
- EIN 100th
- RANK 401(k)
- PHOTO near American Airlines, Inc. 401(k) Plan for Pilots
- IND ind #716
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 North Carolina →
Duke Energy Retirement Savings Plan in the asset neighbourhood
North Carolina filing particulars
| Total Assets (Beginning of Year) | $9.4B |
|---|---|
| Net Assets (End of Year) | $10.4B |
| Net Income | $989M |
| Employer EIN | 202777218 |
| Plan Effective Date | 1959-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Duke Energy Corporation)
Sponsor-wide plan assets over time
All Duke Energy Corporation plans reported in each filing year
- Latest sponsor-wide plan assets
- $18.3B 10.305105368831601% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 44,209 | $16.6B |
| 2023 | 3 | 42,977 | $17.8B |
| 2024 | 3 | 41,217 | $18.3B |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Bank of America 401(k) Plan $54.8B · 173,899
- Honeywell 401(k) Plan $15.4B · 40,004
- Truist Financial Corporation 401(k) Savings Plan $10.1B · 55,480
- Nucor Corporation Profit Sharing and Retirement Savings Plan $8.5B · 24,174
- Lowes 401(k) Plan $8.1B · 295,676
Scale composition for Duke Energy Retirement Savings Plan
Duke Energy Retirement Savings Plan reports $10.4B in end-of-year assets across 28,121 participants (0.084% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.030% of 93,925,755 covered participants) - about $368,197 per participant (2.7x the national average assets-per-participant) . Net income for plan year 2023 was $989M.
This plan identity (EIN 202777218, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $9.4B to $11.3B (+20.3%) while covered participants moved from 27,731 to 27,341 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 27,731 | $9.4B | Open filing |
| 2023 | 28,121 | $10.4B | This page |
| 2024 · index core | 27,341 | $11.3B | Open filing |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- Duke Energy Retirement Savings Plan (401(k), $11.3B, 27,341 participants)
- Duke Energy Retirement Cash Balance Plan (Defined Benefit (Pension), $4.7B, 13,576 participants)
- Duke Energy Legacy Pension Plan (Defined Benefit (Pension), $2.4B, 300 participants)
Duke Energy Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside North Carolina, the nearest 401(k) by assets is American Airlines, Inc. 401(k) Plan for Pilots in TX ($10.3B); by covered participants it is Republic Services, Inc. 401(k) Plan in AZ (28,131 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($10.4B here).
- American Airlines, Inc. 401(k) Plan for Pilots (TX) $10.3B · 14,868
- Bayer Corporation Savings and Retirement Plan (MO) $10.3B · 19,273
- Bristol-Myers Squibb Savings and Investment Program (NJ) $10.3B · 22,254
- The Prudential Employee Savings Plan (NJ) $10.4B · 16,321
Similar participant headcount
Nearest other-state filings by covered participants (28,121 participants); asset peers above are excluded.
- Republic Services, Inc. 401(k) Plan (AZ) 28,131 · 10 off
- The Mgm Resorts 401(k) Savings Plan (NV) 28,142 · 21 off
- US Foods 401(k) Plan (IL) 27,989 · 132 off
- Brand Share 401(k) Savings & Profit Sharing Plan (GA) 28,298 · 177 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.