Pennsylvania › Utilities › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Essential Utilities, Inc. Pension Plan
Sponsored by Essential Utilities, Inc., Bryn Mawr, PA
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2024, Essential Utilities, Inc. Pension Plan covered 2,052 participants and held $299M in net assets. The plan is a defined benefit pension plan sponsored by Essential Utilities, Inc. of Bryn Mawr, Pennsylvania.
Net assets came to $145,845 per participant, well above the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well below the $187,668 median for defined benefit plans in utilities. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $3.9M for the year ($8,430 per active participant) and benefits paid were $23.2M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 7 service provider organisations paid $5,000 or more, with reported compensation of $1.7M: $836 per participant, well above the same-size median of $325. Administrative expenses charged to the plan were $1.8M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $139M in 2009 to $299M in 2024 (up 115%), and participants from 1,775 to 2,052 (up 16%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $145,845 | $87,935 | $187,668 | $86,221 |
| Employer contributions per active participant | $8,430 | $10,593 | $12,900 | $10,244 |
| Schedule C compensation per participant | $836 | $325 | $468 | $344 |
| Schedule C compensation, share of net assets | 0.57% | 0.41% | 0.27% | 0.42% |
| Administrative expenses per participant | $883 | $513 | $804 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 plans), utilities (175) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 2,052 | $299M | $145,845 | $3.9M | — | $1.7M |
| 2023 | 2,305 | $322M | $139,507 | $9.4M | — | $938K |
| 2022 | 2,436 | $353M | $144,785 | $20.3M | — | $1.4M |
| 2021 | 2,533 | $458M | $180,732 | $20.4M | — | $1.4M |
| 2020 | 2,647 | $441M | $166,597 | $16.7M | — | $1.2M |
| 2019 | 1,288 | $280M | $217,577 | $13.5M | — | $1.0M |
| 2018 | 1,347 | $247M | $183,601 | $8.4M | — | $910K |
| 2017 | 1,393 | $283M | $202,874 | $12.5M | — | $1.3M |
| 2016 | 1,446 | $257M | $177,880 | $15.4M | — | $1.4M |
| 2015 | 1,493 | $246M | $165,013 | $8.1M | — | $1.7M |
| 2014 | 1,522 | $258M | $169,790 | $13.8M | — | $1.8M |
| 2013 | 1,771 | $250M | $141,151 | $17.9M | — | $1.5M |
| 2012 | 1,798 | $206M | $114,510 | $16.0M | — | $1.0M |
| 2011 | 1,743 | $167M | $95,668 | $13.8M | — | $788K |
| 2010 | 1,761 | $163M | $92,610 | $13.5M | — | $981K |
| 2009 | 1,775 | $139M | $78,265 | $14.1M | — | $736K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$321,563,739
- Employer contributions$3,945,307
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$3,945,307
- Total income, including investment results$2,733,046
- Benefits paid$23,210,601
- Administrative expenses$1,812,431
- Total expenses$25,023,032
- Net income−$22,289,986
- Net transfers$0
- Net assets, end of year$299,273,753
Participants
- Active participants468
- Retired or separated, receiving benefits927
- Retired or separated, entitled to future benefits365
- Total participants, end of year2,052
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Willis Towers Watson US LLC | Actuarial; Contract Administrator; Consulting (pension) | $1,307,771 | $0 |
| The Bank of New York Mellon | Custodial (securities); Trustee (directed) | $305,107 | $0 |
| Schneider Downs & Co. Inc. | Accounting (including auditing) | $52,575 | $0 |
| State Street Glbal Advisr Trust Co. | Custodial (other than securities); Custodial (securities) | $21,585 | $0 |
| BlackRock Institutional Trust Co. | Trustee (bank, trust company, or similar financial institution); Trustee (discretionary); Investment management | $12,016 | $0 |
| Lgima | Investment management | $7,995 | $0 |
| Goldman Sachs Assets Management L.P | Investment management | $7,572 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Actuarial fees$577,416
- Investment advisory and management fees$439,438
- Recordkeeping fees$340,085
- Trustee and custodial fees$305,107
- Other administrative expenses$94,995
- IQPA audit fees$52,575
- Legal fees$2,815
- Total administrative expenses$1,812,431
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$261M · 87.3%
- 103-12 investment entities$15.3M · 5.1%
- Employer securities$13.7M · 4.6%
- Other investments$5.0M · 1.7%
- Receivables$4.0M · 1.3%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmSchneider Downs & Co., Inc.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 221300: Water, Sewage & Other Systems.
Other plans of Essential Utilities, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Essential Utilities, Inc. 401(k) Plan | 4,094 | $623M |
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Rhode Island Energy Retirement Plan | PPL Services Corporation | 2,157 | $570M | $264,202 |
| Constellation Cash Balance Pension Plan for Bargaining Unit Employees | Constellation Energy Generation LLC | 1,241 | $96.7M | $77,890 |
| Retirement Income Plan for Employees of Ugi Utilities, Inc. | Ugi Utilities, Inc. | 3,210 | $516M | $160,843 |
| PJM Interconnection, LLC Pension Plan | PJM Interconnection, LLC | 606 | $230M | $379,568 |
| Duquesne Light Company Defined Benefit Retirement Plan | Duquesne Light Company | 3,892 | $885M | $227,374 |
| The York Water Company Pension Plan for General and Administrative Employees | York Water Company | 106 | $45.4M | $428,481 |
Defined benefit plans in utilities closest in size.
Questions and answers
How big is Essential Utilities, Inc. Pension Plan?
2,052 participants at the end of the plan year ending 31 Dec 2024, of whom 468 were active employees, with net assets of $299,273,753. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Essential Utilities, Inc. contribute per participant?
The filing reports $3,945,307 in employer contributions for the year, which is $8,430 per active participant; the median for plans of the same type and size was $10,593 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $1,714,621 in compensation to service provider organisations, $836 per participant or 0.57% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $1,812,431. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Essential Utilities, Inc.. Recordkeeping or administration: Willis Towers Watson US LLC. Investment advisory or management: BlackRock Institutional Trust Co., Lgima and Goldman Sachs Assets Management L.P. Trustee or custodian: The Bank of New York Mellon, State Street Glbal Advisr Trust Co. and BlackRock Institutional Trust Co.. The financial statements were audited by Schneider Downs & Co., Inc.. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 14 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 23-1702594, plan 001, received 14 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.