Plan Snapshot
- Plan Sponsor: Aquarion Company
- Sponsor EIN: 060852232
- Sponsor Address: 835 MAIN STREET, BRIDGEPORT, CT, 06604
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 245
- Total Assets: $14.9M
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 | 245 | $14.9M | $7.5M | $1.1M |
| 2023 | 268 | $15.6M | $8.3M | $1.2M |
| 2022 | 257 | $14.8M | $9.0M | $1.1M |
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 |
|---|---|---|---|---|
| CIGNA HEALTH & LIFE INSURANCE CO | Other Service Provider | $64,995 | — | $64,995 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $64,995
- Estimated Expense Ratio: 0.437% 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 | $509,328 | — | $28,143 | — | — |
| 2023 | $232,800 | — | $66,300 | — | — |
| 2022 | $242,619 | — | — | — | — |