# Essential Utilities, INC. 401(k) Plan
Source: https://planprovider.pro/companies/essential-utilities-inc-plan-005

> Essential Utilities, INC.'s 401(k) plan: 3,448 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, 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](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — ADVISOR

- [GLOBAL RETIREMENT PARNERS](https://planprovider.pro/provider/global-retirement-partners-llc) — CONSULTANT

- [FAEGRE DRINKER BIDDLE & REATH LLP](https://planprovider.pro/provider/faegre-drinker-biddle-and-reath-llp) — ATTORNEY/LEGAL

- [HOLLAND & KNIGHT LLP](https://planprovider.pro/provider/holland-and-knight) — ATTORNEY/LEGAL

- [SCHNEIDER DOWNS & CO., INC.](https://planprovider.pro/provider/schneider-downs-and-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|

## Similar Plans

- [Essential Utilities, INC.](https://planprovider.pro/companies/essential-utilities-inc-plan-001) — 468 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/essential-utilities-inc-plan-005)

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