Dominion Energy, Inc.

Richmond, VA UtilitiesNAICS 221500

Self-funded health planPlan year 2025Renews JanuaryCollectively bargained
13,311Participants+22% vs. prior year
$31.6MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#1 of 2Utilities in VABy participants

Overview

Dominion Energy, Inc. sponsors a self-funded health plan that covered 13,311 participants in plan year 2025, up 22% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
13,311 · prior year 10,893
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Dominion Energy Retiree Health & Welfare Plan, plan 507 (13,311 participants); Dominion Energy Disability and Survivors Medical Plan, plan 580 (185 participants)
Broker compensation
$502K across insured contracts
MedicalLife insuranceDentalVisionLong-term disabilitySeverance

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
MetLife Insurance CompanyLife15,293$11.2M$234K
Metropolitan Life Insurance CompanyMedical5,231$1.5M$268K
Highmark Inc.HMO197$1.5M—
Aetna Life Insurance Co.PPO78$731K—
Anthem Blue Cross and Blue Shield Medicare RiskHMO54$409K—
Carelon Behavioral HealthEAP Program20,129$363K—

Pharmacy benefit estimate

StreamRX estimate for a plan this size. Not based on this plan's claims.

$31.6M/ year

Estimated prescription spend: 13,311 participants × $2,371 national average per member. Usually higher once dependents are counted.

$821K–$2.0M/ year

Typical savings opportunity found in independent reviews of plans this size.

Brands with a generic available$240K–$600K
Lower-cost therapeutic alternatives$350K–$732K
Generic pricing vs. actual cost$151K–$454K
PBM contract terms$79K–$237K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
Dominion Energy, Inc.
Sponsor EIN
54-1229715
Plan numbers
507, 580
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 54-1229715 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Dominion Energy Pension Plan
Type
Pension plan
Participants
38,980

About this data

Source: Dominion Energy, Inc.'s Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Dominion Energy, Inc..

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