Plan Snapshot
- Plan Sponsor: Avangrid Service Company
- Sponsor EIN: 020706408
- Sponsor Address: 180 MARSH HILL ROAD, ORANGE, CT, 06477
- Plan Type: 401(k)
- Plan Number: 506
- Total Participants: 3,303
- Total Assets: $16.6M
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 | 3,303 | $16.6M | $21.1M | $5.5M |
| 2023 | 3,485 | $28.1M | $23.2M | $3.7M |
| 2022 | 3,269 | $40.8M | $20.3M | $4.6M |
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 |
|---|---|---|---|---|
| ANTHEM HEALTH PLANS, INC. | Other Service Provider | $3,330,165 | — | $3,330,165 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,330,165
- Estimated Expense Ratio: 20.106% 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 | $1,125,109 | — | $1,649 | $22,950 | — |
| 2023 | $1,089,268 | $7,674 | $19,413 | $25,500 | — |
| 2022 | $1,753,347 | — | $64,844 | — | — |