# Essential Utilities, INC. 401(k) Plan
Source: https://planprovider.pro/companies/essential-utilities-inc-231702594-507

> Essential Utilities, INC.'s 401(k) plan: 1,456 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/lincoln-financial-group) — Actuary

- [FAEGRE DRINKER BIDDLE AND REATH](https://planprovider.pro/provider/faegre-drinker-biddle-and-reath-llp) — ERISA Attorney

- [SCHNEIDER DOWNS & CO.](https://planprovider.pro/provider/schneider-downs-and-co-inc) — Auditor

- [ALIGHT SOLUTIONS](https://planprovider.pro/provider/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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/essential-utilities-inc-231702594-507)

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