Retirement plan

ESSENTIAL UTILITIES, INC. 401(K) PLAN

Name: ESSENTIAL UTILITIES, INC. - ESSENTIAL UTILITIES, INC. 401(K) PLAN (2022) Form 5500
Creator: ESSENTIAL UTILITIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ESSENTIAL UTILITIES, INC. 401(K) PLAN, ESSENTIAL UTILITIES, INC.

ESSENTIAL UTILITIES, INC.EIN 23-1702594Plan #005PY 2022

762 W. LANCASTER AVENUE - BRYN MAWR, PA 19010610-645-4221

Other plans on this EIN

1 filing

#001Retirement-$352.8M assets

Prospect flagsLow participant contribution

Top hat statement on fileNQDC

Filed December 28, 2005 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$503.4M

-2.5% from 2016

Total participants

4,377

-1.1% from 2016

Average account balance

$126,870

-1.6% from 2016

Annual return

58.07%

-1.77 pp from 2016

Benchmarks

See 73 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants1,000-4,999

Cohort73 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$623.79M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$156K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

3,990

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

97.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$52.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.97%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$224

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
HOLLAND & KNIGHT1 year Filed as: HOLLAND & KNIGHT LLP Service code 29 · EIN 59-0663819 524 GRAND AGENCY BLVD · BRADEN, FL 33510	Legal	$181,381
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENT INST Service code 37 · EIN 04-2647786 P.O. BOX 770002 · CINCINNATI, OH 45277	Loan Processing	$129,059
GLOBAL RETIREMENT PARTNERS LLC1 year Filed as: GLOBAL RETIREMENT PARTNERS Service code 16 · EIN 47-1411118 REDWOOD HIGHWAY SUITE B-60 · SAN RAFAEL, CA 94903	Consulting	$82,532
AMERICAN FUNDS7 years Filed as: NEWPORT CAPITAL GROUP LLC Service code 16 · EIN 37-6572947 12 BROAD STREET, 5TH FLOOR · RED BANK, NJ 07701	Consulting	$65,118
T ROWE PRICE RPS INC3 years Filed as: T. ROWE PRICE RPS INC Service code 15 · EIN 52-2264646 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$32,640
FAEGRE DRINKER BIDDLE & REATH LLP3 years Service code 29 · EIN 41-0244008 ONE LOGAN SQUARE, SUITE 2000 · PHILADELPHIA, PA 19103	Legal	$6,300

Plan features & details

Pension benefit codes2E2F2H2J2S2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$479K

$153 / participant

Investment mgmt$165K34.5%
Other / not subdivided$313K65.5%

% of EOY assets

0.095%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SCHNEIDER DOWNS & CO., INC.
Auditor EIN: 251408703
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$126,870

$153,281-17.2%

$93,765+35.3%

$77,906+62.9%

Participation rate

86.9%

92.2%-5.3pp

81.0%+5.9pp

73.7%+13.2pp

Annual return

58.07%

-5.55%+63.6pp

-11.32%+69.4pp

12.16%+45.9pp

Employer contribution / active EE

$5,496

$5,690-3.4%

$4,327+27.0%

$2,846+93.1%

Participant deferral / active EE

$5,932

$9,364-36.7%

$6,099-2.7%

$4,805+23.5%

Admin fee / account holder

$121

$114+5.7%

$7,184-98.3%

$133-9.0%

Provider

Service type

Compensation

HOLLAND & KNIGHT1 year

Filed as: HOLLAND & KNIGHT LLP

Service code 29 · EIN 59-0663819

524 GRAND AGENCY BLVD · BRADEN, FL 33510

Legal

$181,381

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENT INST

Service code 37 · EIN 04-2647786

P.O. BOX 770002 · CINCINNATI, OH 45277

Loan Processing

$129,059

GLOBAL RETIREMENT PARTNERS LLC1 year

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 16 · EIN 47-1411118

REDWOOD HIGHWAY SUITE B-60 · SAN RAFAEL, CA 94903

Consulting

$82,532

AMERICAN FUNDS7 years

Filed as: NEWPORT CAPITAL GROUP LLC

Service code 16 · EIN 37-6572947

12 BROAD STREET, 5TH FLOOR · RED BANK, NJ 07701

Consulting

$65,118

T ROWE PRICE RPS INC3 years

Filed as: T. ROWE PRICE RPS INC

Service code 15 · EIN 52-2264646

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$32,640

FAEGRE DRINKER BIDDLE & REATH LLP3 years

Service code 29 · EIN 41-0244008

ONE LOGAN SQUARE, SUITE 2000 · PHILADELPHIA, PA 19103

Legal

$6,300

ESSENTIAL UTILITIES, INC. 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ESSENTIAL UTILITIES, INC. 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion