Avangrid 401(K) Plan — Form 5500 plan (Avangrid Management Company, LLC)
Plain-English plan 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, Avangrid 401(K) Plan is a benefit plan reported by Avangrid Management Company, LLC under EIN 45-5063049 and plan number 003. The latest loaded filing year is 2023. The filing reports 9,512 participants and $2,293,525,915 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Avangrid Management Company, LLC
- EIN
- 45-5063049
- Plan number
- 003
- Plan type
- 2
- Location
- Orange, CT
- Latest filing year
- 2023
- Participants
- 9,512
- End-of-year plan assets
- $2,293,525,915
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 9,512 | H, C | 20241010231624NAL0041884898001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $2,293,525,915
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,293,525,915
- Net assets (BOY)
- $1,986,821,695
Income & contributions
- Employer contributions
- $89,308,685
- Participant contributions
- $102,460,591
- Total contributions
- $206,894,667
- Total income / additions
- $528,697,026
Expenses & distributions
- Benefits paid
- $221,236,899
- Administrative expenses
- $657,340
- Total expenses
- $221,992,806
- Net increase / (decrease)
- $306,704,220
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $271,695 | $0 | 2023 |
| Strategic Advisors, Inc. | ADVISOR | $247,483 | not reported in the loaded dataset | 2023 |
| Mercer Investments LLC | CONSULTANT | $75,000 | not reported in the loaded dataset | 2023 |
| Bonadio & Co., Llp | ACCOUNTANT/AUDITOR | $49,500 | not reported in the loaded dataset | 2023 |
| Hinman, Howard & Kattell, Llp | ATTORNEY/LEGAL | $12,969 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Avangrid Management Company, LLC
- 2023 Form 5500 filing
- Form 5500 filings in CT
- 401(k) and benefit plan filings in Orange, CT
- Fidelity Investments Institutional — Schedule C compensation
- Strategic Advisors, Inc. — Schedule C compensation
- Mercer Investments LLC — Schedule C compensation
- Bonadio & Co., Llp — Schedule C compensation
- Hinman, Howard & Kattell, Llp — Schedule C compensation