2023 Form 5500 filing — Avangrid 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241010231624NAL0041884898001) for Avangrid 401(K) Plan, reported by Avangrid Management Company, LLC under EIN 45-5063049 and plan number 003. It reports 9,512 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010231624NAL0041884898001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Avangrid Management Company, LLC
- EIN
- 45-5063049
- Plan number
- 003
- Location
- Orange, CT
- Participants
- 9,512
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,293,525,915
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,293,525,915
- Employer contributions
- $89,308,685
- Participant contributions
- $102,460,591
- Total income / additions
- $528,697,026
- Benefits paid
- $221,236,899
- Administrative expenses
- $657,340
- Total expenses
- $221,992,806
- Net increase / (decrease)
- $306,704,220
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $271,695 | $0 |
| Strategic Advisors, Inc. | ADVISOR | $247,483 | not reported in the loaded dataset |
| Mercer Investments LLC | CONSULTANT | $75,000 | not reported in the loaded dataset |
| Bonadio & Co., Llp | ACCOUNTANT/AUDITOR | $49,500 | not reported in the loaded dataset |
| Hinman, Howard & Kattell, Llp | ATTORNEY/LEGAL | $12,969 | not reported in the loaded dataset |