Plan Snapshot
- Plan Sponsor: Essential Utilities, INC.
- Sponsor EIN: 231702594
- Sponsor Address: 762 WEST LANCASTER AVENUE, BRYN MAWR, PA, 190103489
- Plan Type: DB
- Total Participants: 468
- Total Assets: $299.4M
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 | 468 | $299.4M | $3.9M | $0 |
| 2023 | 508 | $321.6M | $9.4M | $0 |
| 2022 | 579 | $352.8M | $20.3M | $0 |
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 | RECORDKEEPER | $1,307,771 | — | $1,307,771 |
| THE BANK OF NEW YORK MELLON | NONE | $305,107 | — | $305,107 |
| SCHNEIDER DOWNS & CO., INC. | Auditor | $52,575 | — | $52,575 |
| SCHNEIDER DOWNS & CO. INC. | NONE | $52,575 | — | $52,575 |
| STATE STREET GLBAL ADVISR TRUST CO | NONE | $21,585 | — | $21,585 |
| BLACKROCK INSTITUTIONAL TRUST CO. | NONE | $12,016 | — | $12,016 |
| LGIMA | NONE | $7,995 | — | $7,995 |
| GOLDMAN SACHS ASSETS MANAGEMENT L.P | NONE | $7,572 | — | $7,572 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — RECORDKEEPER
- SCHNEIDER DOWNS & CO., INC. — Auditor
- GOLDMAN SACHS ASSETS MANAGEMENT L.P — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,767,196
- Estimated Expense Ratio: 0.590% 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 | $1,812,431 | $439,438 | — | $52,575 | — |
| 2023 | $1,229,734 | $76,736 | $895,416 | $679 | — |
| 2022 | $1,713,157 | $1,140,747 | — | — | $344,961 |