Plan Snapshot
- Plan Sponsor: Avangrid Management Company, LLC
- Sponsor EIN: 455063049
- Sponsor Address: 180 MARSH HILL RD, ORANGE, CT, 06477
- Plan Type: 401(k)
- Total Participants: 8,263
- Total Assets: $2.6B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 8,263 | $2.6B | $100.5M | $113.6M |
| 2023 | 8,011 | $2.3B | $89.3M | $102.5M |
| 2022 | 7,497 | $2.0B | $24.3M | $40.8M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | Investment Advisor | $453,176 | — | $453,176 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $241,818 | — | $241,818 |
| MERCER INVESTMENTS LLC | Investment Advisor | $153,375 | — | $153,375 |
| BONADIO & CO., LLP | Auditor | $34,000 | — | $34,000 |
| LITTLER MENDELSON, PC | ERISA Attorney | $10,536 | — | $10,536 |
| HINMAN, HOWARD & KATTELL, LLP | ERISA Attorney | $8,515 | — | $8,515 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — Investment Advisor
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- MERCER INVESTMENTS LLC — Investment Advisor
- BONADIO & CO., LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $901,420
- Estimated Expense Ratio: 0.035% 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 | $900,683 | $453,176 | $4,200 | $34,000 | — |
| 2023 | $657,340 | $247,483 | $2,100 | $49,500 | — |
| 2022 | $447,289 | $68,324 | — | — | — |