Plan Snapshot
- Plan Sponsor: Essential Utilities, INC.
- Sponsor EIN: 231702594
- Sponsor Address: 762 W. LANCASTER AVENUE, BRYN MAWR, PA, 19010
- Plan Type: 401(k)
- Total Participants: 3,448
- Total Assets: $623.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,448 | $623.8M | $25.5M | $27.4M |
| 2023 | 3,270 | $558.5M | $23.2M | $25.3M |
| 2022 | 3,124 | $503.4M | $17.2M | $18.5M |
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 |
|---|---|---|---|---|
| NEWPORT CAPITAL GROUP, LLC | INVESTMENT ADVISOR | $263,813 | — | $263,813 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $222,216 | — | $222,216 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $96,120 | — | $96,120 |
| GLOBAL RETIREMENT PARNERS | CONSULTANT | $86,770 | — | $86,770 |
| FAEGRE DRINKER BIDDLE & REATH LLP | ATTORNEY/LEGAL | $19,347 | — | $19,347 |
| HOLLAND & KNIGHT LLP | ATTORNEY/LEGAL | $15,842 | — | $15,842 |
| SCHNEIDER DOWNS & CO., INC. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- GLOBAL RETIREMENT PARNERS — CONSULTANT
- FAEGRE DRINKER BIDDLE & REATH LLP — ATTORNEY/LEGAL
- HOLLAND & KNIGHT LLP — ATTORNEY/LEGAL
- SCHNEIDER DOWNS & CO., INC. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $704,108
- Estimated Expense Ratio: 0.113% 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 | $893,098 | $525,745 | — | — | — |
| 2023 | $547,763 | $50,909 | — | — | — |
| 2022 | $478,593 | $165,299 | — | — | $313,294 |