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Exelon to plug $347 million into plans

Exelon’s Limerick Generating Station nuclear energy plant in Pottstown, Pa.

Updated with correction

Exelon Corp., Chicago, and its subsidiaries plan to contribute a total of $347 million to their qualified defined benefit plans in 2017, according to the company's 10-K filing with the SEC on Monday.

Exelon and its subsidiaries also expect to contribute $42 million total to its non-qualified defined pension funds, bringing total planned 2017 contributions to $389 million.

Exelon and its subsidiaries contributed $347 million total to the plans in 2016, according to the filing.

As of Dec. 31, defined benefit plan assets totaled $16.791 billion, while projected benefit obligations totaled $21.06 billion, for a funding ratio of 79.7%, according to the 10-K filing.

As of that same date, the actual asset allocation of the DB plans was: 36.9% fixed income, 33.8% equities, 11.7% hedge funds, 5.9% private equity, 4.9% each, private credit and real estate and 1.9% cash and cash equivalents.