PlanOptica
Retirement plan

EVERSOURCE PENSION PLAN

EVERSOURCE ENERGY SERVICE COMPANYEIN 06-0810627Plan #006PY 2020
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PO BOX 270 - HARTFORD, CT 061410270800-841-8684LinkedIn1-10 employees
Other plans on this EIN
4 filings
#005Retirement-$4.04B assets#007Retirement--#008Retirement--#010Retirement--
Prospect flagsHigh retiree %Low participant contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(800) 841-8684
Plan administrator entity
EXECUTIVE VICE PRESIDENT, HUMAN RESOURCES & INFORMATION TECHNOLOGY
EIN 060989432
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Summary metrics

Total assets (EOY)
$5559.3M
-3.4% from 2016
Total participants
19,748
+1.5% from 2016
Average account balance
$0
No prior year
Annual return
12.02%
-7.02 pp from 2016

Benchmarks

See 44 peers
Peer group
Industry22 - Utilities
Plan typeDefined benefit
Participants1,000-4,999
Cohort44 peers
Snapshot2020
Participant deferral / active EE
$1
median $18
Employer contribution / active EE
$20,623
median $18,863
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
12.02%
median 14.20%
Overall peer rank
26th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$5.76B
Average account balance
Total assets / participants with a balance (line 6g)
$324K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
14,646
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$2K
Contributions per participant
Average employer and participant contribution per enrolled participant
$1
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+3.81%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 8 by compensation
ProviderService typeCompensation
TOWERS WATSON DELAWARE INC.6+ years
Service code 65 · EIN 53-0181291
Account Maintenance
$1,745,103
AON CONSULTING INC.6+ years
Service code 11 · EIN 22-2232264
Actuarial
$188,591
JOHN HANCOCK6+ years
Service code 99 · EIN 04-1414660
Other Fees
$63,999
AETNA LIFE INSURANCE COMPANY6+ years
Service code 49 · EIN 06-6033492
Other Services
$60,313
TEMPO HOLDING COMPANY, LLC1 year
Service code 65 · EIN 82-1061233
Account Maintenance
$60,000
FIONDELLA, MILONE & LASARACINA LLP6+ years
Service code 10 · EIN 06-1648707
Accounting
$35,500
STATE STREET BANK AND TRUST6+ years
Service code 65 · EIN 04-1867445
Account Maintenance
$30,991
HOLLAND & KNIGHT6+ years
Service code 29 · EIN 59-0663819
Legal
$13,526

Enrolled actuary

1 attachment
SB

SHANE W SIEFER

AON CONSULTING, INC.
Enrollment #2005990
230 THIRD AVENUE
WALTHAM, MA 024517528
(781) 891-8600
Signed 2021-09-29

Top hat statement on fileNQDC

Filed July 16, 2024 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
P.O. Box 270
Hartford, CT 06141
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Plans declared (1)

  • Eversource Energy Service Company Nonqualified Deferred Compensation Retirement Plan2 emp
Open the filing PDF

Plan features & details

Pension benefit codes1A1D1E
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1D
    Floor-offset plan
    Defined benefit plan whose benefits are offset by retirement benefits provided under an employer-sponsored defined contribution plan.
  • 1E
    Section 401(h) arrangement
    Plan contains separate accounts under Code section 401(h) to provide employee health benefits.

Opportunity flags

2 tripped
  • OpportunityLow participant contribution

    Participant contribution per participant is in the bottom quintile of the peer cohort.

  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II
Admin total
$14.6M
$3204 / participant
  • Other / not subdivided$15M100.0%
% of EOY assets
0.263%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm
FIONDELLA, MILONE & LASARACINA LLP
Auditor EIN
061648707
Audit fees
(not subdivided)
Opinion code
Disclaimer