PlanOptica
Retirement plan

EVERSOURCE PENSION PLAN

EVERSOURCE ENERGY SERVICE COMPANYEIN 06-0810627Plan #006PY 2023
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P.O. BOX 270 - HARTFORD, CT 061410270800-841-8684LinkedIn1-10 employees
Other plans on this EIN
1 filing
#005Retirement-$3.75B assets
Prospect flagsHigh retiree %Low returnsLow 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)
$5876.1M
-3.4% from 2016
Total participants
18,215
+1.5% from 2016
Average account balance
$0
No prior year
Annual return
4.74%
-7.02 pp from 2016

Benchmarks

See 44 peers
Peer group
Industry22 - Utilities
Plan typeDefined benefit
Participants1,000-4,999
Cohort44 peers
Snapshot2023
Participant deferral / active EE
$1
median $50
Employer contribution / active EE
$0
median $8,039
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $13,363
Admin fee / account holder
$0
median $125
Annual return
4.74%
median 9.39%
Overall peer rank
6th 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 10 by compensation
ProviderService typeCompensation
WILLIS TOWERS WATSON US LLC2 years
Service code 65 · EIN 53-0181291
Account Maintenance
$1,861,024
NORTHEAST UTILITIES SVC CO.2 years
Service code 65 · EIN 06-0810627
Account Maintenance
$961,369
NEPC, LLC2 years
Service code 16 · EIN 26-1429809
Consulting
$492,907
TEMPO HOLDING COMPANY, LLC4 years
Service code 65 · EIN 82-1061233
Account Maintenance
$364,075
STATE STREET BANK AND TRUST9+ years
Service code 65 · EIN 04-1867445
Account Maintenance
$310,463
AON CONSULTING INC.9+ years
Service code 11 · EIN 22-2232264
Actuarial
$177,894
JOHN HANCOCK9+ years
Service code 99 · EIN 04-1414660
Other Fees
$66,978
SHEPPARD MULLIN RICHTER3 years
Service code 29 · EIN 95-1463164
Legal
$56,816
AETNA LIFE INSURANCE COMPANY9+ years
Service code 49 · EIN 06-6033492
Other Services
$49,388
FIONDELLA, MILONE & LASARACINA LLP9+ years
Service code 10 · EIN 06-1648707
Accounting
$38,500

Enrolled actuary

1 attachment
SB

SHANE W. SIEFER

AON CONSULTING, INC.
Enrollment #2305990
MSC #17894, PO BOX 7505
FORT WASHINGTON, PA 19034
(617) 482-3100
Signed 2024-09-17

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
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

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

3 tripped
  • OpportunityLow participant contribution

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

  • OpportunityLow returns

    Annual investment return 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
$4.4M
$1278 / participant
  • Legal$57K1.3%
  • Actuarial$178K4.1%
  • Other / not subdivided$4M94.6%
% of EOY assets
0.075%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
FIONDELLA, MILONE & LASARACINA LLP
Auditor EIN
061648707
Audit fees
$38,500
Opinion code
Unqualified