Plan Snapshot
- Plan Sponsor: Middlesex Water Co.
- Sponsor EIN: 221114430
- Sponsor Address: 485C ROUTE ONE SOUTH, ISELIN, NJ, 08830
- Plan Type: 401(k)
- Total Participants: 360
- Total Assets: $78.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 360 | $78.4M | $1.8M | $2.3M |
| 2023 | 351 | $69.4M | $1.7M | $2.2M |
| 2022 | 348 | $56.9M | $1.5M | $2.1M |
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 |
|---|---|---|---|---|
| WITHUM SMITH AND BROWN PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $8,972 | $3,958 | — | — | — |
| 2023 | $8,736 | $4,166 | — | — | — |
| 2022 | $16,894 | $2,140 | — | — | — |