Plan Ledger DOL Form 5500 · updated monthly

The Connecticut Water Company401(k)

SAVINGS PLAN OF THE CONNECTICUT WATER COMPANY · CLINTON, CT · plan year 2024

Reported admin expense ratio · 2024
0.14%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

The Connecticut Water Company reported $79,759 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $6,486 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.16% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other utilities employers. By assets it is the 268th-largest of 1,106 plans among Connecticut employers on file, and the 169th of 412 in utilities. In 2024, employees put in $1.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$61,913,286
Participants with balances422
Active participants319
Employer contributions$2,069,135
Employee contributions$3,391,686
Employer contribution per active participant$6,486
Average account balance$146,714
Benefits paid to participants$2,745,863
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$61.9M · 422 accts · $2.1M emplr
2023$50.8M · 407 accts · $1.9M emplr
2022$43.2M · 387 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$79,759
Total administrative$79,759
The The Connecticut Water Company 401(k) match · 2024
Employer contribution per active participant$6,486
Median for plans this size$3,635
2024$6,486 per active participant
2023$5,712 per active participant
2022$3,377 per active participant

The Connecticut Water Company's 2024 employer contribution ran above the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$84,479

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$79,759 · 0.14%
2023$66,154 · 0.14%
2022$75,570 · 0.16%
Same employer
Similar plansUtilities · Connecticut
Aquarion Water Company CT$108.0M · 0.05%
Greenskies Clean Energy CT$8.0M · 0.43%
SUNENERGY1 LLC CT$6.5M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060713930 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.