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Company:
The United Illuminating Company
Plan:
The United Illuminating Company 401k/Employee Stock Ownership Plan
 

The United Illuminating Company

84 Plan: The United Illuminating Company 401k/Employee Stock Ownership Plan

 
 
84
27
91
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 7 point difference between this plan's BrightScope Rating (84) and the top rated plan (91) could equate to:
[How is this calculated?]
6 additional years of work
Up to $24,500 in lost retirement savings.
The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.

 

Retirement Plan Description

The United Illuminating Company 401k/Employee Stock Ownership Plan is a defined contribution plan with a profit-sharing component, stock bonus component, 401k feature, and leveraged ESOP component. This plan has a BrightScope Rating of 84, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Company Generosity, Participation Rate, Salary Deferral, and Total Plan Cost. The United Illuminating Company 401k/Employee Stock Ownership Plan currently has over 1,300 active participants and over $193.5M in plan assets.


 Investment Menu Statistics

No. of Investment Options
15
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. United Illuminating Company Common Stock 22%
2. Vanguard 500 Index 16%
3. Vanguard Wellesley Income 12%

 
Plan Component Ratings

 Retirement Plan Details

Address 180 Marsh Hill Road
Orange, CT 06477-3629 
Industry Utilities
Administrator Steven P. Favuzza
Sponsor Diane Pivirotto
Net Plan Assets $194,000,000
Total Participants 1,300
Avg Account Balance $150,000

  Plan Service Providers

Recordkeeper Vanguard Group
Auditor Dworken,Hillman,Lamorte & Sterczala