Defined Benefit (Pension) · DOL Form 5500 · 2024
Duke Energy Corporation Pension Plan
Data updated 2026-08-25
- $4.7B
- Total assets Very large vs avg
- 13,576
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $344,579
- Avg per participant High balance/head
Official DOL plan name: Duke Energy Retirement Cash Balance Plan · Sponsored by Duke Energy Corporation · North Carolina · Utilities
$4.7B in assets, 13,576 participants
Duke Energy Corporation's Duke Energy Retirement Cash Balance Plan reported $4.7B in total assets and 13,576 participants in its 2024 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.
- #708 in Utilities (732 peers)
Coverage in North Carolina
Duke Energy Retirement Cash Balance Plan covers 13,576 participants in North Carolina, 17x the typical North Carolina plan (state average ~819 per filing). Assets: $4.7B.
- #708
- in Utilities (732 peers)
- +16.2%
- assets growth YoY
- 47×
- vs typical plan assets (national mean)
The plan reported a net loss of $207M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
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 2024 · DOL Form 5500
$4,678,000,000 Highest reported value at or above every one 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 Retirement Cash Balance Plan's mega-plan peer group by participant headcount
Plan-year 2024 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 (13,576 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Duke Energy Retirement Cash Balance Plan reported net income fell from $152M in the plan year 2023 filing to -$207M in the plan year 2024 filing.
- Duke Energy Retirement Cash Balance Plan end-of-year assets rose from $4.0B in the plan year 2023 filing to $4.7B in the plan year 2024 filing.
- Duke Energy Retirement Cash Balance Plan reported participants fell from 14,485 in the plan year 2023 filing to 13,576 in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 202777218 · Duke Energy Corporation PY 2024 · Defined Benefit (Pension)
Duke Energy Retirement Cash Balance Plan · $4.7B · 13,576 · 100th
- EBSA $4.7B
- PART 13,576
- TYPE 100th
- NET Defined Benefit (Pension)
- BOOK near Producer-Writers Guild of America Pension Plan
- VS-ST ind #708
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) | $4.0B |
|---|---|
| Net Assets (End of Year) | $4.7B |
| Net Income | -$207M |
| 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 · 9,923
- Truist Financial Corporation Pension Plan $14.7B · 38,548
- Employees' Retirement Plan of Duke University $2.8B · 22,655
- The Hearst Corporation Retirement Plan $2.4B · 1,745
- Duke Energy Legacy Pension Plan $2.4B · 300
Scale composition for Duke Energy Retirement Cash Balance Plan
Duke Energy Retirement Cash Balance Plan reports $4.7B in end-of-year assets across 13,576 participants (0.038% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.014% of 93,925,755 covered participants) - about $344,579 per participant (2.5x the national average assets-per-participant) . Net income for plan year 2024 was -$207M.
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 | Open filing |
| 2024 · index core | 13,576 | $4.7B | This page |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Duke Energy Retirement Savings Plan (401(k), $11.3B, 27,341 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 Producer-Writers Guild of America Pension Plan in CA ($4.7B); by covered participants it is Sharpsaver Retirement Plan in CA (13,524 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($4.7B here).
- Producer-Writers Guild of America Pension Plan (CA) $4.7B · 9,218
- Toyota Motor Sales, U.S.a., Inc. Pension Plan (TX) $4.6B · 5,129
- The Southern California Edison Company Retirement Plan (CA) $4.7B · 9,333
- Hp Inc. Pension Plan (TX) $4.6B · 3,176
Similar participant headcount
Nearest other-state filings by covered participants (13,576 participants); asset peers above are excluded.
- Sharpsaver Retirement Plan (CA) 13,524 · 52 off
- Abbvie Pension Plan (IL) 13,656 · 80 off
- Massmutual Pension Plan (MA) 13,404 · 172 off
- The Retirement Benefit Plan of American Airlines, Inc. for Employees Represented by the Transport Workers Union of America, AFL-CIO (TX) 13,402 · 174 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.