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PENSION PLAN OF CONSTELLATION ENERGY NUCLEAR GROUP, LLC 401k Plan overview

Plan NamePENSION PLAN OF CONSTELLATION ENERGY NUCLEAR GROUP, LLC
Plan identification number 018

PENSION PLAN OF CONSTELLATION ENERGY NUCLEAR GROUP, LLC Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

CONSTELLATION ENERGY GENERATION LLC has sponsored the creation of one or more 401k plans.

Company Name:CONSTELLATION ENERGY GENERATION LLC
Employer identification number (EIN):233064219
NAIC Classification:221100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENSION PLAN OF CONSTELLATION ENERGY NUCLEAR GROUP, LLC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0182022-01-01
0182022-01-01
0182021-01-01

Plan Statistics for PENSION PLAN OF CONSTELLATION ENERGY NUCLEAR GROUP, LLC

401k plan membership statisitcs for PENSION PLAN OF CONSTELLATION ENERGY NUCLEAR GROUP, LLC

Measure Date Value
2022: PENSION PLAN OF CONSTELLATION ENERGY NUCLEAR GROUP, LLC 2022 401k membership
Market value of plan assets2022-02-01389,461,690
Acturial value of plan assets2022-02-01378,130,679
Funding target for retired participants and beneficiaries receiving payment2022-02-01127,550,414
Number of terminated vested participants2022-02-01140
Fundng target for terminated vested participants2022-02-0110,383,983
Active participant vested funding target2022-02-01172,834,682
Number of active participants2022-02-01882
Total funding liabilities for active participants2022-02-01173,340,733
Total participant count2022-02-011,408
Total funding target for all participants2022-02-01311,275,130
Balance at beginning of prior year after applicable adjustments2022-02-010
Prefunding balance at beginning of prior year after applicable adjustments2022-02-0152,073,605
Carryover balanced portion elected for use to offset prior years funding requirement2022-02-010
Prefunding balanced used to offset prior years funding requirement2022-02-017,570,896
Amount remaining of carryover balance2022-02-010
Amount remaining of prefunding balance2022-02-0144,502,709
Present value of excess contributions2022-02-010
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-02-010
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-02-010
Reductions in caryover balances due to elections or deemed elections2022-02-010
Reductions in prefunding balances due to elections or deemed elections2022-02-010
Balance of carryovers at beginning of current year2022-02-010
Balance of prefunding at beginning of current year2022-02-0147,600,098
Total employer contributions2022-02-010
Total employee contributions2022-02-010
Contributions allocated toward unpaid minimum require contributions from prior years2022-02-010
Contributions made to avoid restrictions adjusted to valuation date2022-02-010
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-02-010
Unpaid minimum required contributions for all prior years2022-02-010
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-02-010
Remaining amount of unpaid minimum required contributions2022-02-010
Minimum required contributions for current year target normal cost2022-02-01611,743
Net shortfall amortization installment of oustanding balance2022-02-010
Waiver amortization installment2022-02-010
Total funding amount beforereflecting carryover/prefunding balances2022-02-010
Carryover balance elected to use to offset funding requirement2022-02-010
Prefunding balance elected to use to offset funding requirement2022-02-010
Additional cash requirement2022-02-010
Contributions allocatedtoward minimum required contributions for current year2022-02-010
Unpaid minimum required contributions for current year2022-02-010
Unpaid minimum required contributions for all years2022-02-010
Total participants, beginning-of-year2022-01-011,408
Total number of active participants reported on line 7a of the Form 55002022-01-010
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: PENSION PLAN OF CONSTELLATION ENERGY NUCLEAR GROUP, LLC 2021 401k membership
Market value of plan assets2021-12-31391,548,422
Acturial value of plan assets2021-12-31360,911,850
Funding target for retired participants and beneficiaries receiving payment2021-12-31119,401,506
Number of terminated vested participants2021-12-31140
Fundng target for terminated vested participants2021-12-319,765,672
Active participant vested funding target2021-12-31176,136,153
Number of active participants2021-12-31946
Total funding liabilities for active participants2021-12-31177,266,525
Total participant count2021-12-311,442
Total funding target for all participants2021-12-31306,433,703
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3134,563,254
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-312,275,554
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-3132,287,700
Present value of excess contributions2021-12-3114,143,031
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3115,136,476
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-3115,136,476
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-3152,073,605
Total employer contributions2021-12-310
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-319,975,438
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-317,570,896
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-317,570,896
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-011,442
Total number of active participants reported on line 7a of the Form 55002021-01-01882
Number of retired or separated participants receiving benefits2021-01-01360
Number of other retired or separated participants entitled to future benefits2021-01-01139
Total of all active and inactive participants2021-01-011,381
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-0127
Total participants2021-01-011,408
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010

Financial Data on PENSION PLAN OF CONSTELLATION ENERGY NUCLEAR GROUP, LLC

Measure Date Value
2022 : PENSION PLAN OF CONSTELLATION ENERGY NUCLEAR GROUP, LLC 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-02-01$0
Total transfer of assets from this plan2022-02-01$358,341,127
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-02-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-02-01$8,712,814
Total income from all sources (including contributions)2022-02-01$-17,019,987
Total loss/gain on sale of assets2022-02-01$0
Total of all expenses incurred2022-02-01$5,387,762
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-02-01$5,357,988
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-02-01$0
Value of total assets at end of year2022-02-01$0
Value of total assets at beginning of year2022-02-01$389,461,690
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-02-01$29,774
Total interest from all sources2022-02-01$0
Total dividends received (eg from common stock, registered investment company shares)2022-02-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-02-01No
Administrative expenses professional fees incurred2022-02-01$16,453
Was this plan covered by a fidelity bond2022-02-01Yes
Value of fidelity bond cover2022-02-01$50,000,000
If this is an individual account plan, was there a blackout period2022-02-01No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2022-02-01$0
Were there any nonexempt tranactions with any party-in-interest2022-02-01No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-02-01$44,511
Administrative expenses (other) incurred2022-02-01$43
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-02-01No
Value of net income/loss2022-02-01$-22,407,749
Value of net assets at end of year (total assets less liabilities)2022-02-01$0
Value of net assets at beginning of year (total assets less liabilities)2022-02-01$380,748,876
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-02-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-02-01No
Were any leases to which the plan was party in default or uncollectible2022-02-01No
Value of interest in master investment trust accounts at beginning of year2022-02-01$389,461,690
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-02-01No
Was there a failure to transmit to the plan any participant contributions2022-02-01No
Has the plan failed to provide any benefit when due under the plan2022-02-01No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-02-01$5,357,988
Contract administrator fees2022-02-01$13,278
Liabilities. Value of benefit claims payable at beginning of year2022-02-01$8,668,303
Did the plan have assets held for investment2022-02-01No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-02-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-02-01Yes
Opinion of an independent qualified public accountant for this plan2022-02-01Unqualified
Accountancy firm name2022-02-01MITCHELL & TITUS, LLP
Accountancy firm EIN2022-02-01132781641
2021 : PENSION PLAN OF CONSTELLATION ENERGY NUCLEAR GROUP, LLC 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$8,712,814
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$4,356,908
Total income from all sources (including contributions)2021-12-31$26,229,837
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$32,736,020
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$32,164,992
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$0
Value of total assets at end of year2021-12-31$389,461,690
Value of total assets at beginning of year2021-12-31$391,611,967
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$571,028
Total interest from all sources2021-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Administrative expenses professional fees incurred2021-12-31$180,169
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$50,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$44,511
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$59,364
Administrative expenses (other) incurred2021-12-31$209,406
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-6,506,183
Value of net assets at end of year (total assets less liabilities)2021-12-31$380,748,876
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$387,255,059
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$49,715
Value of interest in master investment trust accounts at end of year2021-12-31$389,461,690
Value of interest in master investment trust accounts at beginning of year2021-12-31$376,611,967
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Employer contributions (assets) at beginning of year2021-12-31$15,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$32,164,992
Contract administrator fees2021-12-31$131,738
Liabilities. Value of benefit claims payable at end of year2021-12-31$8,668,303
Liabilities. Value of benefit claims payable at beginning of year2021-12-31$4,297,544
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31Yes
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31MITCHELL & TITUS, LLP
Accountancy firm EIN2021-12-31132781641

Form 5500 Responses for PENSION PLAN OF CONSTELLATION ENERGY NUCLEAR GROUP, LLC

2022: PENSION PLAN OF CONSTELLATION ENERGY NUCLEAR GROUP, LLC 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingYes
2022-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: PENSION PLAN OF CONSTELLATION ENERGY NUCLEAR GROUP, LLC 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

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