Plan Snapshot
- Plan Sponsor: Orsted North America INC.
- Sponsor EIN: 320464144
- Sponsor Address: 399 BOYLSTON STREET, BOSTON, MA, 02116
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 880
- Total Assets: $86.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2025 | 880 | $86.8M | $0 | $0 |
| 2024 | 704 | $64.6M | $4.9M | $9.1M |
| 2023 | 754 | $47.2M | $4.7M | $8.5M |
| 2022 | 376 | $26.7M | $2.2M | $4.0M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $114,857 | — | $114,857 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $25,454 | — | $25,454 |
| CARON & BLETZER, PLLC | Other Service Provider | $13,900 | — | $13,900 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $154,211
- Estimated Expense Ratio: 0.178% 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 |
|---|---|---|---|---|---|
| 2025 | $8,477,424 | $25,454 | $300 | $13,900 | — |
| 2024 | $139,785 | $21,867 | $300 | $5,000 | — |
| 2023 | $89,885 | $14,776 | — | — | — |
| 2022 | $45,022 | $3,309 | — | — | — |