Plan Snapshot
- Plan Sponsor: Essential Utilities, INC.
- Sponsor EIN: 231702594
- Sponsor Address: 762 W LANCASTER AVENUE, BRYN MAWR, PA, 190103489
- Plan Type: 401(k)
- Plan Number: 507
- Total Participants: 1,456
- Total Assets: $96.3M
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 | 1,456 | $96.3M | $2.5M | $23,452 |
| 2023 | 1,405 | $97.0M | $2.8M | $90,532 |
| 2022 | 1,481 | $87.2M | $4.8M | $54,463 |
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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON US LLC | Actuary | $268,469 | — | $268,469 |
| FAEGRE DRINKER BIDDLE AND REATH | ERISA Attorney | $210,336 | — | $210,336 |
| SCHNEIDER DOWNS & CO. | Auditor | $131,374 | — | $131,374 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $92,083 | — | $92,083 |
| ALIGHT SOLUTIONS | Recordkeeper | $25,097 | — | $25,097 |
| STATE STREET GLOBAL ADVISORS | Other Service Provider | $11,387 | — | $11,387 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — Actuary
- FAEGRE DRINKER BIDDLE AND REATH — ERISA Attorney
- SCHNEIDER DOWNS & CO. — Auditor
- ALIGHT SOLUTIONS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $738,746
- Estimated Expense Ratio: 0.767% 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 | $2,931,493 | $140,648 | $16,936 | $131,374 | — |
| 2023 | $846,210 | $20,032 | $141,947 | — | — |
| 2022 | $933,522 | $68,936 | $136,985 | — | $444,867 |