# Avangrid Service Company 401(k) Plan
Source: https://planprovider.pro/companies/avangrid-service-company-020706408-506

> Avangrid Service Company's 401(k) plan: 3,303 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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