Dominion Energy, Inc. 401(k) match: 7% of pay
Dominion Energy 401(k) Plan · D · CIK 715957
Employer match stated in the filing, as a share of pay
7%
Dominion Energy, Inc.'s 401(k) employer match runs up to 7% of pay, and the filing does not state the rate it matches at.
Dominion Energy filed two Form 11-K reports for plan year 2025, of which one has been read. The other report has not, so this page cannot say what the plan it covers pays.
From the Form 11-K filed June 24, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · what the plan reports to the DOL · how it compares · what to do next
What Dominion Energy puts in, and what the plan costs
What Dominion Energy put into the plan, per active participant
$6,441
Dominion Energy, Inc. put $6,441 into this plan for each of its 12,152 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
Dominion Energy put in more per active participant than 58% of plans with 5,000+ participants at utilities. The middle plan in that group of 39 reported $5,837. Utilities comes from business code 221500, which Dominion Energy entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
What this figure cannot separate: how much Dominion Energy pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 541229715, plan 001 · DOL EFAST2 ↗
What Dominion Energy puts in
Not stated in the filing
Only part of the match formula is disclosed in the filing, so the yearly dollars cannot be computed from it.
The Form 5500 for this plan reports what Dominion Energy actually paid in: the figure and its peer comparison are above. It is the whole employer side of the plan on one line, so it answers what went in rather than what the formula promises.
Two places state the terms in full: your plan’s Summary Plan Description, which your employer must provide on request, and your recordkeeper’s site, which for this plan is Voya ↗.
What you contribute to collect all of it
Not stated in the filing
The filing does not state the contribution rate that collects the full employer contribution.
Vesting score
57.14 out of 100
How fast the employer’s money becomes yours. Higher than 4% of the 253 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 0%, 0%, 0%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Vesting—Participants become immediately vested in their own contributions and the earnings on these amounts. Participants generally become vested in the Participating Companies’ matching contributions, automatic Company contributions and related earnings after three years of service.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
95th percentile
$156.96 per participant in plan-paid administrative cost, more expensive than 95% of plans with 5,000+ participants.
What is Dominion Energy's 401(k) match formula?
Dominion Energy discloses only part of its 401(k) match terms; matching contributions run up to 7% of pay. Filings state some formulas in full and others not at all. The four shapes a formula takes shows what is missing here.
| Maximum employer match | 7% of compensation |
|---|---|
| Conditions | The matching amount ranges from 1% up to 7% of the participant's eligible earnings depending on the participant's hire date, years of service, and the percentage of pre-tax, Roth and after-tax contributions. The filing does not state the rate-on-deferral formula. |
| Other employer contribution | Automatic company contributions of 4% or 5% of eligible compensation, depending on years of service, for employees hired or rehired on or after July 1, 2021 who are not eligible for a Dominion Energy pension plan, and for certain existing pension plan participants who voluntarily elected this enhanced feature effective May 1, 2022 |
What the filing says, word for word
“Depending on a participant’s hire date, years of service, and the percentage of pre-tax, Roth and after-tax contributions, Participating Companies contribute a matching amount from 1% up to 7% of the participant’s eligible earnings. Participating Companies also provide automatic company contributions of 4% or 5% of eligible compensation depending on years of service for employees hired or rehired on or after July 1, 2021, who are not eligible to participate in a pension plan offered by Dominion Energy and for certain existing participants of a pension plan that voluntarily elected this enhanced feature of the Plan, effective May 1, 2022.”
Source: Form 11-K filed June 24, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is Dominion Energy's 401(k) vesting schedule?
Dominion Energy vests the employer match on a cliff schedule: nothing is yours until three years of service, then 100% at once. Leave a day early and the employer money goes back to the plan, the edge a three-year cliff creates.
| Employer match vesting | Cliff: 100% vested after 3 years of service |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Accelerated vesting | Accounts of each affected participant become fully vested upon Plan termination or complete or partial discontinuance of contributions |
| Other employer contributions | Automatic Company contributions and related earnings also vest after three years of service |
Vesting, word for word
“Vesting—Participants become immediately vested in their own contributions and the earnings on these amounts. Participants generally become vested in the Participating Companies’ matching contributions, automatic Company contributions and related earnings after three years of service.”
Source: Form 11-K filed June 24, 2026, SEC EDGAR · SEC ↗
Who can join Dominion Energy's 401(k), and is enrollment automatic?
Dominion Energy enrolls new hires automatically at 4% of pay.
| Plan entry | All non-union employees, and eligible union employees represented by IBEW Local Union No. 398 or 772, who are 18 years of age or older, regular full-time or part-time employees scheduled to work at least 1,000 hours per year, plus certain former non-union and union employees of Dominion Energy and its subsidiaries |
|---|---|
| Excluded groups | Union employees are covered only if represented by IBEW Local Union No. 398 or 772; Dominion Energy sponsors a separate 401(k) plan for employees of subsidiaries that do not participate in this Plan |
| Automatic enrollment | Yes: default deferral 4% of pay; default investment: Target Retirement Trust corresponding with the participant's age (assuming retirement at age 65) |
Eligibility, word for word
“The Plan is a defined contribution plan covering all non-union employees, eligible union employees represented by the International Brotherhood of Electrical Workers, Local Union No. 398 or 772, who are 18 years of age or older, regular full-time or part-time employees and are scheduled to work at least 1,000 hours per year and certain former non-union and union employees of Dominion Energy, Inc. and its subsidiaries (the Participating Companies).”
Automatic enrollment, word for word
“Newly hired employees are enrolled automatically into the Plan at a 4% pre-tax contribution rate approximately 45 days after the date of hire or rehire unless an alternative election is made. Certain rehires are generally auto-enrolled depending on criteria such as, but not limited to, their hire date, enrollment status, and whether they have incurred a break-in-service. This Plan also provides an employee directed auto-save feature. The auto-save feature is elective and increases the contribution percentage each year in 1% increments, up to a maximum percentage.”
Source: Form 11-K filed June 24, 2026, SEC EDGAR · SEC ↗
What does the Dominion Energy plan report on Form 5500?
The Dominion Energy plan reported $4.4B in assets and 19,437 participants for plan year 2024.
| Total plan assets | $4,431,949,452 |
|---|---|
| Participants | 19,437 |
| Recordkeeper | Voya Institutional Plan Svcs LLC |
| Plan-paid admin cost per participant | $156.96 |
How that cost compares
This plan pays $156.96 per participant. The median across plans at utilities is $138.21, from the 387 of 407 whose Form 5500 yields a per-participant cost.
Dominion Energy 401(k) Plan on its Form 5500 filing: fees, providers and financials
How does Dominion Energy's 401(k) match compare?
Dominion Energy, Inc.'s filing does not state a maximum 401(k) match as a share of pay. Across the 181 companies in our data that do, the median is 4.5% of pay.
Employers worth reading next
Of the six employers below, three file at utilities and three vest on the same schedule.
Maximum match 6% of pay. Also at utilities.
Match formula not disclosed in the filing. Also at utilities.
Maximum match 6% of pay. Also at utilities.
Maximum match 4% of pay. Same 3-year cliff as Dominion Energy.
Maximum match 7% of pay. Same 3-year cliff as Dominion Energy.
Employer match vests in full after 3 years. Same 3-year cliff as Dominion Energy.
Compare Dominion Energy, Inc. with any company, side by side
What can you do next?
Check your own balance and contribution rate at Voya ↗, the recordkeeper this plan reports.
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 24, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
- Download this data (CSV)
Formula, vesting and source references for this company, one file.
Questions this filing answers
What is Dominion Energy, Inc.'s 401(k) match?
Dominion Energy, Inc. discloses only part of its match terms in the 11-K for the plan year ended December 31, 2025.
When does the Dominion Energy, Inc. 401(k) match vest?
Cliff: 100% vested after 3 years of service.
Does Dominion Energy, Inc.'s 401(k) plan have automatic enrollment?
Yes: default deferral 4% of pay; default investment: Target Retirement Trust corresponding with the participant's age (assuming retirement at age 65).
Cite: 401(k) Monitor, “Dominion Energy, Inc. 401(k) plan facts”, from SEC Form 11-K accession 0001193125-26-281175, plan year ended 2025-12-31.