Step 1: Insertion of a dielectric slab between the plates of a charged capacitor enhances capacitance by a factor of the dielectric constant \( \kappa \). The stored energy is \( U = \frac{Q^2}{2C} \). With a constant charge \( Q \) (due to isolation), an increased capacitance \( C \) results in diminished stored energy.
Step 2: The electric field within the capacitor is reduced. The dielectric material polarizes, counteracting the field generated by the plate charges, thereby lowering the net electric field.
Step 3: Consequently, both the stored energy and the electric field diminish.