Defined Benefit (Pension) · DOL Form 5500 · 2023
Duke Energy Corporation Pension Plan
Data updated 2026-08-25
- $4.0B
- Total assets Very large vs avg
- 14,485
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $277,970
- Avg per participant High balance/head
Official DOL plan name: Duke Energy Retirement Cash Balance Plan · Sponsored by Duke Energy Corporation · North Carolina · Utilities
$4.0B in assets, 14,485 participants
Duke Energy Corporation's Duke Energy Retirement Cash Balance Plan reported $4.0B in total assets and 14,485 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.
- #694 in Utilities (721 peers)
Coverage in North Carolina
Duke Energy Retirement Cash Balance Plan covers 14,485 participants in North Carolina, 18x the typical North Carolina plan (state average ~819 per filing). Assets: $4.0B.
- #694
- in Utilities (721 peers)
- +26.5%
- assets growth YoY
- 40×
- vs typical plan assets (national mean)
Duke Energy Retirement Cash Balance Plan's outsized position by total assets
Duke Energy Retirement Cash Balance Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$4,026,400,000 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 Cash Balance 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 Cash Balance Plan is a mega filing (14,485 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Duke Energy Retirement Cash Balance Plan reported net income rose from -$1.1B in the plan year 2022 filing to $152M in the plan year 2023 filing.
- Duke Energy Retirement Cash Balance Plan end-of-year assets rose from $3.2B in the plan year 2022 filing to $4.0B in the plan year 2023 filing.
- Duke Energy Retirement Cash Balance Plan reported participants fell from 16,132 in the plan year 2022 filing to 14,485 in the plan year 2023 filing.
DOL schedule card
Filing strip 202777218 · Duke Energy Corporation PY 2023 · Defined Benefit (Pension)
Duke Energy Retirement Cash Balance Plan · $4.0B · 14,485 · 100th
- TYPE $4.0B
- NET 14,485
- BOOK 100th
- VS-ST Defined Benefit (Pension)
- BOY near Abbott - Abbvie Multiple Employer Pension Plan
- SCH ind #694
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 Cash Balance Plan in the asset neighbourhood
North Carolina filing particulars
| Total Assets (Beginning of Year) | $3.2B |
|---|---|
| Net Assets (End of Year) | $4.0B |
| Net Income | $152M |
| Employer EIN | 202777218 |
| Plan Effective Date | 1943-01-01 |
| 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 Defined Benefit (Pension) Plans in North Carolina
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Honeywell Retirement Earnings Plan $16.6B · 11,145
- Truist Financial Corporation Pension Plan $14.6B · 45,818
- Duke Energy Legacy Pension Plan $3.4B · 371
- Employees' Retirement Plan of Duke University $2.6B · 21,020
- Time Warner Cable Pension Plan $2.6B · 16,981
Scale composition for Duke Energy Retirement Cash Balance Plan
Duke Energy Retirement Cash Balance Plan reports $4.0B in end-of-year assets across 14,485 participants (0.033% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.015% of 93,925,755 covered participants) - about $277,970 per participant (2.0x the national average assets-per-participant) . Net income for plan year 2023 was $152M.
This plan identity (EIN 202777218, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $3.2B to $4.7B (+47.0%) while covered participants moved from 16,132 to 13,576 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 16,132 | $3.2B | Open filing |
| 2023 | 14,485 | $4.0B | This page |
| 2024 · index core | 13,576 | $4.7B | 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 Cash Balance Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Abbott - Abbvie Multiple Employer Pension Plan in IL ($4.0B); by covered participants it is Massmutual Pension Plan in MA (14,462 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($4.0B here).
- Abbott - Abbvie Multiple Employer Pension Plan (IL) $4.0B · 172
- John Deere Pension Plan for Wage Employees (IL) $4.1B · 10,894
- General Mills Pension Plan I (MN) $4.0B · 383
- U.S. Bank Pension Plan (MN) $4.0B · 56,287
Similar participant headcount
Nearest other-state filings by covered participants (14,485 participants); asset peers above are excluded.
- Massmutual Pension Plan (MA) 14,462 · 23 off
- Abbvie Pension Plan (IL) 14,619 · 134 off
- Bakery & Confectionery Union & Industry International Pension Fund (MD) 14,666 · 181 off
- Children's Hospital Medical Center Retirement Plan (OH) 14,679 · 194 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.