401(k) Monitor

Dominion Energy West Virginia Union Savings Plan

Dominion Energy, Inc. · Richmond, VA · EIN 541229715 · Plan 027 · Form 5500 for plan year 2024

This is the plan's final filing: the plan has been terminated, so the year it covers can be a partial one.

What Dominion Energy put into the plan, per active participant

Not on this filing

The plan ended the year with a fraction of the active participants it began with, so a full year of employer money would divide across the few people left and read as a figure no employee received. The total is shown instead of a per-person amount.

A plan whose active count collapsed during the year is kept out of every peer group, because ranking it would move everyone else. Nothing is filled in from an average, from another year or from another plan.

Source: Form 5500 filing for the plan year ended December 31, 2024, received by the DOL July 23, 2025 · DOL EFAST2

What the plan cost, per participant

$77.97

The plan paid $77.97 per participant in plan-paid administrative expenses in plan year 2024.

This is the plan's final filing, so the plan no longer exists. Every plan it would be ranked against was still running at the end of the year, so this figure is printed as the filing states it and is given no standing among them.

What this figure counts, and what it leaves out

Schedule H reports only what came out of plan assets. Fees the sponsor pays directly, and fees taken inside fund expense ratios, never appear here, so this is a floor and not the all-in cost.

401(k) Monitor Score

Not scored

This is the plan's final filing, so the plan no longer exists. The score is a standing among plans of the same size and industry, and all of those were still running at the end of the year, so a filing that closes a plan takes no score.

The amounts this filing does report stay above, printed as the filing states them. Nothing is filled in from an average, from another year or from another plan.

What the score would read, on a plan that was still running at the end of the year: Where this plan stands against plans of its size and industry on two amounts its Form 5500 reports: employer money in per active person, and plan-paid cost per person. It reads no match formula, no vesting schedule and no fund lineup, because a Form 5500 states none of them.

On this page: the match and vesting terms · what to check next · every figure on the filing · fees itemised · the plans this one is ranked against · service providers

The match and vesting terms, from a Form 11-K

The match formula and the vesting schedule are stated in a Form 11-K, which is filed only by employers whose plan holds company stock. A Form 5500 reports neither.

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.

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.

Vesting scheduleCliff, 3 years

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.

The formula, the six-year window and a worked example

What the plan costs, against plans of its size

Not ranked

This is the plan's final filing, so the plan no longer exists. Every plan it would be ranked against was still running at the end of the year, so this figure is printed as the filing states it and is given no standing among them.

The match, vesting and eligibility terms above are read from the Form 11-K filed by Dominion Energy, Inc., whose page states the full formula, the vesting schedule and the sentence behind each one.

What to check next

  • Money in, without a headcount to divide it by

    The plan ended the year with a fraction of the active participants it began with, so the employer money is shown as a total above and not per person. Your own statement, on Voya, shows what reached your account.

  • If you had money in this plan

    This is the plan’s final filing, so the plan has been wound up and the accounts in it went elsewhere. The Department of Labor runs a free search for retirement money left behind at a former employer: Retirement Savings Lost and Found ↗.

  • Your own numbers are not on this page

    Every figure here is the whole plan for plan year 2024, taken from one filing and divided by headcounts. Your own contribution rate, your balance and the fees taken from your account are on your recordkeeper’s site, which this filing names as Voya. What you may put in during a year is set by the IRS and not by the plan: this year’s limits ↗.

Key figures

From Schedule H of Form 5500 filing 20250723154143NAL0005674400001, plan year 2024.
Total plan assets, end of year$0
Net assets$0
Participants, beginning of year265
Of which active0
Plan typeSingle employer
Size cohortThe peer group we rank fees against.100–499 participants
Employer share of the money that went in, plan year 2024One of the two contribution lines is blank on this filing. A blank employee line against a filled employer line would read as every dollar coming from the employer, which is a gap in the filing rather than a fact about the plan, so no share is shown.not stated on this filing

Plan-paid administrative expenses

The plan paid $20,661 in administrative expenses in plan year 2024, across 265 participants: $77.97 per participant.

Contract administrator feesnot reported in filing
Professional feesnot reported in filing
Investment management feesnot reported in filing
Other administrative feesnot reported in filing

These are plan-paid expenses from Schedule H only. Fees the sponsor pays directly, and fees embedded in fund expense ratios, never appear here. This figure is a floor, not the all-in cost, and a low number is not “free”.

The plans this one is ranked against

Fees on this page are ranked against the 100–499 participant cohort, where the median plan pays $156.87 per participant. The sponsor files from Virginia, one of 1,765 plans on file there, at a median of $142.39 per participant. Its business code places the plan at utilities, one of 407 on file, which run to a median of $138.21.

Plans of a similar size in Virginia

The plans nearest this one by participant count, out of 1,178 in its peer group. Cost per participant is each plan’s own Schedule H figure, and a filing that reported no administrative expenses says so instead of showing a zero.
PlanParticipantsCost per participant
Dean & Company 401(k) Profit Sharing PlanDean & Company Strategy Consultants, LLC266$185.50
Virginia Physicians For Women, Ltd. 401(k) Profit Sharing PlanVirginia Physicians For Women, Ltd.265$323.93
H.S.S.I. 401(k) PlanHomeland Security Solutions, Inc.264$197.69
Sba Defined Contribution Plan For Farmers & Merchants BankFarmers & Merchants Bank264$293.02

Service providers (Schedule C)

Recordkeeper: Voya Institutional Plan Svcs LLC (as filed: “VOYA INSTITUTIONAL PLAN SVCS LLC”)

Providers from Schedule C, Part 1, Item 2 of filing 20250723154143NAL0005674400001. Direct compensation is paid from plan assets. Amounts in USD.
ProviderService codesDirect comp. ($)Indirect comp. ($)
Voya Institutional Plan Svcs LLC51, 2612,125not reported
Voya Institutional Plan Svcs LLC37, 158,536not reported

Source

DatasetDOL EFAST2 Form 5500 bulk data (FOIA)
Form year2024
Filing ACK_ID20250723154143NAL0005674400001
Dataset last refreshedJuly 28, 2026

Bulk dataset at askebsa.dol.gov ↗ · Look up the filing on EFAST2 ↗

Filings lag by design: a plan can file up to 9½ months after its year ends, so this is the newest data on file. Why filings lag

Cite this page

401(k) Monitor, "Dominion Energy West Virginia Union Savings Plan: Form 5500 facts", from DOL EFAST2 filing 20250723154143NAL0005674400001, plan year ended December 31, 2024.