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 |
|---|---|---|---|---|
| THE BONADIO GROUP | Auditor | $34,000 | — | $34,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE BONADIO GROUP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,000
- Estimated Expense Ratio: 0.001% 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 | — | — | — |