Exelon Corporation 401(k) Review & Grade
Exelon Corporation Employee Savings Plan
Chicago, ILUtilities20,262 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,615Employer $ per active participant
$11,531Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$6.3BNet plan assets, end of year
$242,857Average balance per account
Score breakdown
- Employer generosity39.7 / 5079th percentile for employer $ per participant
- Low cost12.0 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score75 / 100 · Grade A
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 48th |
| Employee saving | 85th |
| Peers that auto-enroll | 50% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Exelon put in about $5,615 per active participant, more than the typical peer ($2,229). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $113,781,904 |
| Participant (employee) contributions | $233,653,107 |
| Other contributions (incl. rollovers in) | $17,270,367 |
| Administrative expenses paid from the plan | $5,549,359 |
| Investment advisory & management fees | $3,317,969 |
| Other admin expenses | $68,004 |
| Benefits paid out | $582,250,512 |
| Net assets, start / end of year | $5.8B / $6.3B |
| Active participants, start / end of year | 20,282 / 20,243 |
| Participants with account balances | 25,991 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mitchell & Titus, LLP |
Largest service providers (Schedule C)
| Financial Engines | $3,317,969 reported compensation |
| Northwest Plan Services | $2,126,919 reported compensation |
| Alight Solutions LLC | $68,004 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013111358NAL0001803648001, received 2025-10-13, EIN 23-2990190, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.