Plan Snapshot
- Plan Sponsor: Abb INC.
- Sponsor EIN: 363100018
- Sponsor Address: 305 GREGSON DRIVE, CARY, NC, 27511
- Plan Type: DB
- Total Participants: 7
- Total Assets: $31.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 7 | $31.6M | $0 | $0 |
| 2023 | 7 | $34.4M | $0 | $0 |
| 2022 | 10 | $35.2M | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ALIGHT SOLUTIONS LLC | Recordkeeper | $58,834 | — | $58,834 |
| WELLINGTON TRUST COMPANY N.A. | Other Service Provider | $41,359 | — | $41,359 |
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $28,169 | — | $28,169 |
| GRANT THORNTON | Auditor | $21,115 | — | $21,115 |
| MUZINICH & CO., INC. | Other Service Provider | $16,664 | — | $16,664 |
| ABB BUSINESS SERVICES | Other Service Provider | $15,458 | — | $15,458 |
| DODGE & COX | Other Service Provider | $10,433 | — | $10,433 |
| NEUBERGER BERMAN INV. ADVISORS LLC | Other Service Provider | $6,999 | — | $6,999 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $5,768 | — | $5,768 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS LLC — Recordkeeper
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- GRANT THORNTON — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $204,799
- Estimated Expense Ratio: 0.647% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $309,717 | $83,182 | — | $21,115 | — |
| 2023 | $473,319 | $82,576 | — | $20,500 | — |
| 2022 | $384,070 | $83,917 | $85,130 | — | $53,107 |