# U.S. Department of Energy Facilities Retirement Plan

U.S. Department of Energy Facilities Retirement Plan is a Pension Fund based in Washington, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Washington, United States
- **Region:** North America
- **Address:** Washington, DC, United States
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

The U.S. Department of Energy Facilities Retirement Plan for Employees of Certain Employers is a tax-qualified, defined-benefit pension plan established to serve bargaining-unit employees of Consolidated Nuclear Security, LLC. The covered workforce operates at U.S. Department of Energy facilities in Oak Ridge, Tennessee, a site historically central to nuclear weapons production and environmental management. The plan's benefits are calculated using a formula that factors in eligible earnings and years of active participation, representing a traditional pension structure rather than a defined-contribution arrangement. The plan's investment posture is characteristic of multi-employer-style benefit arrangements tied to federal contractors, typically emphasizing capital preservation and long-duration fixed-income allocations alongside public equities and real assets. While specific asset-class weights, fund commitments, and external manager relationships are not publicly disclosed, peer DOE contractor plans often allocate across U.S. Treasuries, investment-grade corporate credit, developed-market equities, and select private-market exposures through pooled vehicles. The geographic focus is overwhelmingly domestic, consistent with the plan's ERISA governance and the location of covered participants in Tennessee. The plan is administered in connection with Consolidated Nuclear Security, LLC — a Bechtel-led joint venture including Leidos, ATK Launch Systems, and SOC LLC that has held the management and operating contract for the Y-12 National Security Complex and Pantex Plant since 2014. The National Nuclear Security Administration oversees these facilities. Headcount, total assets, and board composition are not published, and the plan does not maintain a standalone public website or LinkedIn presence, consistent with its function as a narrowly scoped benefit vehicle rather than a market-facing institutional investor. Structurally, this plan occupies a distinct niche within the U.S. pension landscape: it supports a specialized workforce at facilities subject to DOE's highest security classifications.

## Questions

### What type of pension plan is this, and how are benefits calculated?

The plan is a tax-qualified, defined-benefit pension plan. Benefits are calculated using a formula based on eligible earnings and years of active participation, providing retirement income structured around a traditional annuity-style payout model rather than individual account balances found in 401(k)-type plans.

### Who is covered by this plan?

Coverage is offered to bargaining-unit eligible employees of Consolidated Nuclear Security, LLC who work at U.S. Department of Energy facilities in Oak Ridge, Tennessee. The covered sites are operated under the management and operating contract held by CNS, a Bechtel-led joint venture, for the National Nuclear Security Administration.

### What is the relationship between this plan and the broader U.S. Department of Energy?

The plan covers employees of a DOE contractor, not federal civil servants. Consolidated Nuclear Security, LLC employs the covered workers under its M&O contract with the NNSA. The retirement plan is a private-sector plan sponsored by the contractor, not a government plan, and is subject to ERISA rather than rules governing the Federal Employees Retirement System.

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Last updated: 2026-08-11T02:43:31.692Z

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