Defined Benefit (Pension) · DOL Form 5500 · 2024
Duke Energy Corporation Pension Plan
Data updated 2026-08-25
- $2.4B
- Total assets Very large vs avg
- 300
- Participants Below avg headcount
- 99th
- Percentile by assets National rank
- $7.8M
- Avg per participant High balance/head
Official DOL plan name: Duke Energy Legacy Pension Plan · Sponsored by Duke Energy Corporation · North Carolina · Utilities
$2.4B in assets, 300 participants
Duke Energy Corporation's Duke Energy Legacy Pension Plan reported $2.4B in total assets and 300 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.
- #688 in Utilities (732 peers)
Coverage in North Carolina
Duke Energy Legacy Pension Plan covers 300 participants in North Carolina, about 37% of the average North Carolina filer (state average ~819 per filing). Assets: $2.4B.
- #688
- in Utilities (732 peers)
- -30.3%
- assets change YoY
- 24×
- vs typical plan assets (national mean)
The plan reported a net loss of $163M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Duke Energy Legacy Pension Plan's outsized position by total assets
Duke Energy Legacy Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$2,350,000,000 Top 1% higher than 99% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Duke Energy Legacy Pension Plan among mid-size filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Duke Energy Legacy Pension Plan sits mid-pack in the medium band (300 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Duke Energy Legacy Pension Plan reported net income fell from $23M in the plan year 2023 filing to -$163M in the plan year 2024 filing.
- Duke Energy Legacy Pension Plan end-of-year assets fell from $3.4B in the plan year 2023 filing to $2.4B in the plan year 2024 filing.
- Duke Energy Legacy Pension Plan reported participants fell from 371 in the plan year 2023 filing to 300 in the plan year 2024 filing.
Plan-year Form 5500 strip
Filing strip 202777218 · Duke Energy Corporation PY 2024 · Defined Benefit (Pension)
Duke Energy Legacy Pension Plan · $2.4B · 300 · 99th
- 5500 $2.4B
- 5500 300
- 5500 99th
- 5500 Defined Benefit (Pension)
- 5500 near Local 804 I.B.T. and Local 447 I.a.M. - UPS Multi-Employer Retirement Plan
- 5500 ind #688
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 Legacy Pension Plan in the asset neighbourhood
North Carolina filing particulars
| Total Assets (Beginning of Year) | $3.4B |
|---|---|
| Net Assets (End of Year) | $2.4B |
| Net Income | -$163M |
| Employer EIN | 202777218 |
| Plan Effective Date | 2018-01-01 |
| 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 · 9,923
- Truist Financial Corporation Pension Plan $14.7B · 38,548
- Duke Energy Retirement Cash Balance Plan $4.7B · 13,576
- Employees' Retirement Plan of Duke University $2.8B · 22,655
- The Hearst Corporation Retirement Plan $2.4B · 1,745
Duke Energy Legacy Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Local 804 I.B.T. and Local 447 I.a.M. - UPS Multi-Employer Retirement Plan in GA ($2.4B); by covered participants it is Sheet Metal Workers' Local No. 40 Pension Fund in NY (300 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.4B here).
- Local 804 I.B.T. and Local 447 I.a.M. - UPS Multi-Employer Retirement Plan (GA) $2.4B · 5,814
- Southern California Gas Company Pension Plan (CA) $2.4B · 8,518
- Bell Helicopter Textron Master Retirement Plan (RI) $2.3B · 2,671
- Caterpillar Inc. Non-Contributory Pension Plan (TX) $2.4B · 1,749
Similar participant headcount
Nearest other-state filings by covered participants (300 participants); asset peers above are excluded.
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.