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Recordkeeping fees per participant · Essential Utilities, Inc. 401(k) Plan · plan year 2024
$46.52
Higher than 45% of the 1,697 plans $250M to 1B that report it.
= $185,599 / 3,990
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251008144354NAL0009627328001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008144354NAL0009627328001, received 2025-10-08
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-08.
Administrative expenses excluding investment management, per participant
$92.07
Higher than 71% of the 2,324 plans $250M to 1B that report it.
= $367,353 / 3,990
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251008144354NAL0009627328001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008144354NAL0009627328001, received 2025-10-08
Administrative expenses per participant
$223.83
Higher than 92% of the 2,405 plans $250M to 1B that report it.
= $893,098 / 3,990
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008144354NAL0009627328001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008144354NAL0009627328001, received 2025-10-08
Administrative expenses as a share of assets
0.143%
Higher than 82% of the 2,407 plans $250M to 1B that report it.
= $893,098 / $623,786,494
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008144354NAL0009627328001, received 2025-10-08
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251008144354NAL0009627328001, received 2025-10-08
Employer contributions per participant
$6,398
Higher than 83% of the 2,457 plans $250M to 1B that report it.
= $25,529,388 / 3,990
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008144354NAL0009627328001, received 2025-10-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008144354NAL0009627328001, received 2025-10-08
Employer share of total contributions
44.0%
Higher than 83% of the 2,459 plans $250M to 1B that report it.
= $25,529,388 / $57,973,397
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008144354NAL0009627328001, received 2025-10-08
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251008144354NAL0009627328001, received 2025-10-08
Employer match
“Group 1: The Company will make a matching contribution for each Plan year equal to 50% of the first 6% of a participant’s eligible compensation that is contributed to the Plan as a pre-tax deferral contribution or a Roth deferral contribution.”
Form 11-K filed 2026-06-15, for the year ended 2025-12-31 · plan description note, contributions · source document
Vesting
“Each participant will always be 100% vested in the balances in their deferral contribution, voluntary contribution, discretionary contribution, employer performance contribution, and rollover contribution accounts.”
Form 11-K filed 2026-06-15, for the year ended 2025-12-31 · plan description note, vesting · source document
Automatic enrollment
“Any newly hired or rehired eligible employee is automatically enrolled in the Plan into a retirement date fund at a deferral of 6%, as soon as practical following a 30-day period, unless they elect otherwise.”
Form 11-K filed 2026-06-15, for the year ended 2025-12-31 · plan description note, auto_enroll · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
3H controlled-group sponsor · 2J 401(k) feature · 2K 401(m) arrangement · 2E profit-sharing · 2F ERISA 404(c) plan · 2H partially participant-directed · 2S pre-approved plan document · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251008144354NAL0009627328001, received 2025-10-08
| Field | Value | Source |
|---|---|---|
| Plan sponsor | ESSENTIAL UTILITIES, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Plan name | ESSENTIAL UTILITIES, INC. 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Sponsor EIN / plan number | 23-1702594 / 005 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Sponsor location | BRYN MAWR, PA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Industry (business code) | 221300, Utilities | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Filing received | 2025-10-08 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Participants, beginning of year | 4,138 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Active participants | 3,448 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Participants, end of year | 4,094 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Participants with an account balance | 3,990 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Total assets, beginning of year | $558,501,909 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Total assets, end of year | $623,786,494 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Net assets, end of year | $623,490,178 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Total income | $120,601,416 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Net income | $65,087,464 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Employer contributions | $25,529,388 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Participant contributions | $27,413,375 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Other contributions (incl. rollovers) | $5,030,634 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Total contributions | $57,973,397 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Benefit payments | $54,494,715 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Total expenses (incl. benefit payments) | $55,513,952 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Total administrative expenses | $893,098 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Recordkeeping fees | $185,599 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Investment advisory and management fees | $525,745 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Administrative expenses excluding investment management | $367,353 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Held in common/collective trusts | $20,985,706 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Held in mutual funds | $546,520,034 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251008144354NAL0009627328001, received 2025-10-08 |
| Independent auditor | SCHNEIDER DOWNS & CO., INC. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251008144354NAL0009627328001, received 2025-10-08 |
Position = column in the DOL layout for form year 2024. Filing 20251008144354NAL0009627328001, received 2025-10-08.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| NEWPORT CAPITAL GROUP, LLC | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $263,813 | no |
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $222,216 | yes |
| STRATEGIC ADVISORS, INC. | ADVISOR | 27 Investment advisory (plan) | $96,120 | no |
| GLOBAL RETIREMENT PARNERS | CONSULTANT | 16 Consulting (general) | $86,770 | no |
| FAEGRE DRINKER BIDDLE & REATH LLP | ATTORNEY/LEGAL | 29 Legal | $19,347 | no |
| HOLLAND & KNIGHT LLP | ATTORNEY/LEGAL | 29 Legal | $15,842 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251008144354NAL0009627328001, received 2025-10-08.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $558,501,909 | $623,786,494 | 11.7% |
| Participants with a balance | 4,093 | 3,990 | -2.5% |
| Administrative expenses | $547,763 | $893,098 | 63.0% |
| Recordkeeping fees per participant | not reported | $46.52 | |
| Employer contributions | $23,200,087 | $25,529,388 | 10.0% |
Prior filing 20241004103153NAL0011307857001, received 2024-10-04; the plan years are contiguous.
Sponsor name as filed: ESSENTIAL UTILITIES, INC.; SEC registrant: Essential Utilities, Inc. (CIK 78128, matched by EIN; display name from the Form 11-K cover).