Plan Snapshot
- Plan Sponsor: Artesian Resources Corporation
- Sponsor EIN: 510002090
- Sponsor Address: 664 CHURCHMANS ROAD, NEWARK, DE, 19702
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 313
- Total Assets: $80.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 313 | $80.3M | $0 | $0 |
| 2024 | 249 | $79.5M | $1.3M | $2.3M |
| 2023 | 251 | $73.8M | $1.4M | $2.3M |
| 2022 | 252 | $67.4M | $1.2M | $2.2M |
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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $15,328 | — | $15,328 |
| CAPFINANCIAL PARTNERS LLC | Investment Advisor | $11,591 | — | $11,591 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $9,697 | — | $9,697 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,616
- Estimated Expense Ratio: 0.046% 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 |
|---|---|---|---|---|---|
| 2025 | $14,592,648 | $26,919 | — | — | — |
| 2024 | $18,741 | $11,273 | — | — | — |
| 2023 | $16,652 | $7,177 | — | — | — |
| 2022 | $11,709 | $3,610 | $8,099 | — | — |