Exelon Corporation 401(k): NWPS, match 3% max
Exelon Corporation Employee Savings Plan · EXC · CIK 1109357
NWPS (Northwest Plan Services) is the recordkeeper named on the Form 5500 filed for this plan, the company that keeps the account records. What the filing says about them.
Matched to this employer by sponsor name, not by an identifier stated in the filing.
Maximum employer match, as a share of pay
3%
Exelon Corporation matches 60% of the first 5% of pay.
From the Form 11-K filed June 23, 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 · who holds your account · what the plan reports to the DOL · how it compares · what to do next
What Exelon puts in, and what the plan costs
What Exelon put into the plan, per active participant
$5,621
Exelon Corporation put $5,621 into this plan for each of its 20,243 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.
Exelon put in less per active participant than 55% of plans with 5,000+ participants at utilities. The middle plan in that group of 39 reported $5,837. Utilities comes from business code 221100, which Exelon 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.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
What this figure cannot separate: how much Exelon 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 232990190, plan 003 · DOL EFAST2 ↗
The $5,621 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. Exelon Corporation also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $1,485 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What Exelon puts in
$1,485
a year, at a $49,500 salary.
The match paragraph, word for word
“With respect to non-represented employees, except non-exempt craft and clerical employees assigned to Philadelphia Electric Company, Exelon provides both a fixed and annual variable company match. Under the fixed company match, Exelon matches 60% of the first 5% of a participant’s eligible pay contributed per pay period, by the employee for a maximum annual fixed company match percentage of 3% of the participant’s eligible pay. Additionally, with respect to such employees, Exelon may make an annual variable company match of up to 3% of eligible pay contributed per pay period by the employee, based on specified performance goals established by the Talent Management and Compensation Committee of Exelon’s Board of Directors (the “Committee”). Combined, the total employer match (fixed and variable) is an annual maximum of up to 6% of a participant’s eligible pay.”
What you contribute to collect all of it
Contribute at least 5% of your pay to collect the full match.
That is $2,475 a year at a $49,500 salary, and it scales with your own.
Vesting score
100 out of 100
How fast the employer’s money becomes yours. Higher than 48% of the 369 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: 100%, 100%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participants are fully vested in their accounts at all times.”
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
98th percentile
$205.87 per participant in plan-paid administrative cost, more expensive than 98% of plans with 5,000+ participants.
What is Exelon's 401(k) match formula?
Exelon's 401(k) employer match tops out at 3% of pay. The match is deposited each payroll. One rate up to one limit is the commonest of the four shapes a match formula takes.
| Match formula | 60% of the first 5% of pay |
|---|---|
| Maximum employer match | 3% of compensation |
| Deposited | Each payroll |
| Conditions | The fixed company match (60% of the first 5% of eligible pay, maximum 3% of pay) applies to non-represented employees. Exelon may also make an annual variable company match of up to 3% of eligible pay based on performance goals, for a combined annual maximum of up to 6% of eligible pay; the variable match is paid after year end and generally requires employment on the last day of the calendar year (with exceptions for death, long-term disability, retirement, or severance). Non-represented, non-exempt craft and clerical employees assigned to Philadelphia Electric Company instead receive a fixed match of 100% of the first 5% of eligible pay. For represented employees, matching varies by collective bargaining agreement. Catch-up contributions were not matched in 2025; effective January 1, 2026 matching contributions are made on catch-up contributions. |
| Other employer contribution | Automatic company contribution of 4% of eligible pay for non-represented, non-craft employees hired or rehired on or after February 1, 2018 by non-utility related employers and January 1, 2021 by utility-related employers who are not eligible for the Exelon Corporation Cash Balance Pension Plan, contributed after the end of each calendar year |
At a $60,000 salary, contributing 5% ($3,000) earns the full employer match of $1,800 for the year.
What the filing says, word for word
“With respect to non-represented employees, except non-exempt craft and clerical employees assigned to Philadelphia Electric Company, Exelon provides both a fixed and annual variable company match. Under the fixed company match, Exelon matches 60% of the first 5% of a participant’s eligible pay contributed per pay period, by the employee for a maximum annual fixed company match percentage of 3% of the participant’s eligible pay. Additionally, with respect to such employees, Exelon may make an annual variable company match of up to 3% of eligible pay contributed per pay period by the employee, based on specified performance goals established by the Talent Management and Compensation Committee of Exelon’s Board of Directors (the “Committee”). Combined, the total employer match (fixed and variable) is an annual maximum of up to 6% of a participant’s eligible pay.”
Source: Form 11-K filed June 23, 2026, SEC EDGAR · SEC ↗
What is Exelon's 401(k) vesting schedule?
Exelon vests the employer match immediately: 100% is yours as soon as it is paid in. Nothing is forfeited when you leave, which is not true of the two schedules that vest over time.
| Employer match vesting | Immediate: employer match is 100% vested when contributed |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Other employer contributions | Participants are fully vested in their accounts at all times |
Vesting, word for word
“Participants are fully vested in their accounts at all times.”
Source: Form 11-K filed June 23, 2026, SEC EDGAR · SEC ↗
Who can join Exelon's 401(k), and is enrollment automatic?
Exelon enrolls new hires automatically at 3% of pay, rising 1% a year to 10% of pay.
| Plan entry | Any regular employee whose employment is subject to a collective bargaining agreement that provides for participation, and any regular non-represented employee of a subsidiary of Exelon designated as participating in the Plan |
|---|---|
| Excluded groups | Represented employees participate only if their collective bargaining agreement provides for participation |
| Automatic enrollment | Yes: default deferral 3% of pay; 90-day opt-out window; auto-escalation +1%/yr to 10%; default investment: Custom target retirement fund corresponding to the participant's assumed retirement date (based on birth date) |
Eligibility, word for word
“Generally, any regular employee whose employment is subject to a collective bargaining agreement that provides for participation in the Plan and any regular non-represented employee of a subsidiary of Exelon that is designated by Exelon as participating in the Plan (such subsidiary referred to individually and collectively as the “Company”) is eligible to elect to participate in the Plan.”
Automatic enrollment, word for word
“Newly hired employees who are eligible to participate but do not make a participation election within 90 days after their date of hire will automatically be enrolled in the Plan as soon as administratively practicable after their 90th day of employment with a pre-tax deferral of 3% of eligible pay per pay period and 1% increase each March 1st, generally beginning with the second calendar year that begins after automatic enrollment first applies to the participant, until the deferral rate reaches 10%.”
Source: Form 11-K filed June 23, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports NWPS (Northwest Plan Services), filed as “NORTHWEST PLAN SERVICES”. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
157 plans on file name NWPS (Northwest Plan Services) as their recordkeeper. Of those, the 156 with a computable fee have a median plan-paid cost of $220.18 per participant.
| Recordkeeper | NWPS (Northwest Plan Services) |
|---|---|
| Recordkeeper EIN | 912090931 |
What does the Exelon plan report on Form 5500?
The Exelon plan reported $6.3B in assets and 26,956 participants for plan year 2024.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
| Plan named in the DOL record | Exelon Corporation Employee Savings Plan |
|---|---|
| Total plan assets | $6,312,088,518 |
| Participants | 26,956 |
| Plan-paid admin cost per participant | $205.87 |
How that cost compares
This plan pays $205.87 per participant. The median across plans at utilities is $138.21, from the 387 of 407 whose Form 5500 yields a per-participant cost.
Exelon Corporation Employee Savings Plan on its Form 5500 filing: fees, providers and financials
How does Exelon's 401(k) match compare?
Exelon Corporation's maximum 401(k) match of 3% of pay compares with a median of 4% across the 269 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file at utilities, two land near Exelon's maximum match and one vests on the same schedule.
Maximum match 4% of pay. Also at utilities.
Maximum match 4% of pay. Also at utilities.
Maximum match 4% of pay. Also at utilities.
Maximum match 3% of pay, level with Exelon.
Maximum match 3% of pay, level with Exelon.
Maximum match 6% of pay. Vests immediately too, like Exelon.
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 23, 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.
Questions this filing answers
What is Exelon Corporation's 401(k) match?
Exelon Corporation matches 60% of employee contributions up to 5% of eligible pay (plan year ended December 31, 2025).
When does the Exelon Corporation 401(k) match vest?
Immediate: employer match is 100% vested when contributed.
Does Exelon Corporation's 401(k) plan have automatic enrollment?
Yes: default deferral 3% of pay; 90-day opt-out window; auto-escalation +1%/yr to 10%; default investment: Custom target retirement fund corresponding to the participant's assumed retirement date (based on birth date).
Who is the recordkeeper for Exelon Corporation's 401(k)?
NWPS (Northwest Plan Services) is named as the recordkeeper on the Form 5500 filed for Exelon Corporation Employee Savings Plan for plan year 2024. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that Exelon Corporation filed with the US Securities and Exchange Commission for the plan year ended December 31, 2025. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | Exelon Corporation |
| SEC CIK | 1109357 |
| Accession number | 0001109357-26-000067 |
| Plan | Exelon Corporation Employee Savings Plan |
| Period of report | December 31, 2025 |
| Filed | June 23, 2026 |
401(k) Monitor is not affiliated with Exelon Corporation, with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “Exelon Corporation 401(k) plan facts”, from SEC Form 11-K accession 0001109357-26-000067, plan year ended December 31, 2025.
