The employees of Dominion Power are offered a 401(k) SAVINGS PLAN for their retirement benefits. This plan allows employees to save money in a tax sheltered account for their retirement. As an added incentive, there is a company match for contributions to this plan. The following are the choices for employees who wish to select their own individual mutual funds or separately managed accounts.
S&P 500 Index Fund – This is a stock mutual fund that is designed to match the performance of the S&P 500 stock index.
Small/Mid Cap Equity Index Fund – This is a stock mutual fund designed to invest in the Dow Jones Total Stock Market index with the exception of the stocks in the S&P 500.
International Equity Fund – This is a stock mutual fund that invests in companies located outside of the United States.
Emerging Markets Equity Fund – This is a stock mutual fund that invests in companies in countries that are considered “Emerging” rather than “Developed.” Examples of Emerging Markets include Brazil, China, India, Korea and Mexico.
International Bond Fund – This is a bond mutual fund that invests in bond issued by governments and companies outside the United States.
Intermediate Bond Fund – This is a bond “Separate Account” that invests in government and corporate bonds in both the United States and in other countries.
1 to 3 Year Bond Fund – This is a bond mutual fund that invests in short-term bonds issued by corporations, the United States government and agencies.
Dominion Money Market Fund – This is a “Separate Account” that invests in high quality very short term assets designed to preserve capital.
Real Estate Fund – This is a “Separate Account” that invests in stocks of companies in the real estate business.
Multi-Asset Class Inflation Managed Fund – This is a mutual fund that invests in a large variety of assets including stocks, bonds, commodities and real estate.
Company Stock Fund – This is the option for employees who want to invest in Dominion stock.
Call us for more information.