Exelon Corp., Chicago, and its subsidiaries plan to contribute $301 million total to their qualified defined benefit plans in 2019, the utility disclosed in its 10-K filing Monday with the SEC.
Exelon and its subsidiaries also expect to contribute $25 million total to their non-qualified pension funds, bringing total planned 2019 contributions to $326 million.
Exelon and its subsidiaries contributed $337 million to the plans in 2018, according to the filing.
As of Dec. 31, according to the 10-K filing, defined benefit plan assets totaled $16.7 billion while projected benefit obligations totaled $20.7 billion for a funding ratio of 80.6%, down from 83.1% a year earlier. The discount rate as of that date was 4.31%, up from 3.62% the year before.
Also as of Dec. 31, the DB plans had an asset allocation of 38% fixed income, 32% equities and 30% alternatives, which comprises private equity, hedge funds, real estate and private credit.
