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THE CASH BALANCE PLAN FOR EMPLOYEES OF IBERDROLA U MANAGEMENT CORPORATION 401k Plan overview

Plan NameTHE CASH BALANCE PLAN FOR EMPLOYEES OF IBERDROLA U MANAGEMENT CORPORATION
Plan identification number 003

THE CASH BALANCE PLAN FOR EMPLOYEES OF IBERDROLA U MANAGEMENT CORPORATION Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

AVANGRID SERVICE COMPANY has sponsored the creation of one or more 401k plans.

Company Name:AVANGRID SERVICE COMPANY
Employer identification number (EIN):020706408
NAIC Classification:221100

Additional information about AVANGRID SERVICE COMPANY

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date: 2003-09-17
Company Identification Number: 3704981
Legal Registered Office Address: 160 Greentree Dr Ste 101

Dover
United States of America (USA)
19904

More information about AVANGRID SERVICE COMPANY

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE CASH BALANCE PLAN FOR EMPLOYEES OF IBERDROLA U MANAGEMENT CORPORATION

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032021-01-01
0032021-01-01PAUL VISCONTI
0032020-01-01
0032019-01-01
0032018-01-01
0032017-01-01DIANE BYRON DIANE BYRON2018-10-12
0032016-01-01ANGEL BRUNO ANGEL BRUNO2017-10-16

Financial Data on THE CASH BALANCE PLAN FOR EMPLOYEES OF IBERDROLA U MANAGEMENT CORPORATION

Measure Date Value
2021 : THE CASH BALANCE PLAN FOR EMPLOYEES OF IBERDROLA U MANAGEMENT CORPORATION 2021 401k financial data
Transfers to/from the plan2021-06-30$-20,136
Total income from all sources2021-06-30$1,067
Expenses. Total of all expenses incurred2021-06-30$1,991
Total plan assets at end of year2021-06-30$0
Total plan assets at beginning of year2021-06-30$21,060
Value of fidelity bond covering the plan2021-06-30$15,000,000
Other income received2021-06-30$3
Net income (gross income less expenses)2021-06-30$-924
Net plan assets at end of year (total assets less liabilities)2021-06-30$0
Net plan assets at beginning of year (total assets less liabilities)2021-06-30$21,060
Total contributions received or receivable from employer(s)2021-06-30$1,064
Expenses. Administrative service providers (salaries,fees and commissions)2021-06-30$1,991
2020 : THE CASH BALANCE PLAN FOR EMPLOYEES OF IBERDROLA U MANAGEMENT CORPORATION 2020 401k financial data
Total income from all sources2020-12-31$144
Expenses. Total of all expenses incurred2020-12-31$68
Total plan assets at end of year2020-12-31$21,060
Total plan assets at beginning of year2020-12-31$20,984
Value of fidelity bond covering the plan2020-12-31$15,000,000
Expenses. Other expenses not covered elsewhere2020-12-31$11
Other income received2020-12-31$144
Net income (gross income less expenses)2020-12-31$76
Net plan assets at end of year (total assets less liabilities)2020-12-31$21,060
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$20,984
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$57
2019 : THE CASH BALANCE PLAN FOR EMPLOYEES OF IBERDROLA U MANAGEMENT CORPORATION 2019 401k financial data
Total income from all sources2019-12-31$767
Expenses. Total of all expenses incurred2019-12-31$30,674
Benefits paid (including direct rollovers)2019-12-31$11,925
Total plan assets at end of year2019-12-31$20,984
Total plan assets at beginning of year2019-12-31$50,891
Value of fidelity bond covering the plan2019-12-31$15,000,000
Other income received2019-12-31$767
Net income (gross income less expenses)2019-12-31$-29,907
Net plan assets at end of year (total assets less liabilities)2019-12-31$20,984
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$50,891
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$18,749
2018 : THE CASH BALANCE PLAN FOR EMPLOYEES OF IBERDROLA U MANAGEMENT CORPORATION 2018 401k financial data
Total income from all sources2018-12-31$1,152
Expenses. Total of all expenses incurred2018-12-31$14,384
Total plan assets at end of year2018-12-31$50,891
Total plan assets at beginning of year2018-12-31$64,123
Value of fidelity bond covering the plan2018-12-31$15,000,000
Other income received2018-12-31$1,152
Net income (gross income less expenses)2018-12-31$-13,232
Net plan assets at end of year (total assets less liabilities)2018-12-31$50,891
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$64,123
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$14,384
2017 : THE CASH BALANCE PLAN FOR EMPLOYEES OF IBERDROLA U MANAGEMENT CORPORATION 2017 401k financial data
Total income from all sources2017-12-31$259,485
Expenses. Total of all expenses incurred2017-12-31$214,715
Benefits paid (including direct rollovers)2017-12-31$169,359
Total plan assets at end of year2017-12-31$64,123
Total plan assets at beginning of year2017-12-31$19,353
Value of fidelity bond covering the plan2017-12-31$15,000,000
Other income received2017-12-31$25,449
Net income (gross income less expenses)2017-12-31$44,770
Net plan assets at end of year (total assets less liabilities)2017-12-31$64,123
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$19,353
Total contributions received or receivable from employer(s)2017-12-31$234,036
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$45,356
2016 : THE CASH BALANCE PLAN FOR EMPLOYEES OF IBERDROLA U MANAGEMENT CORPORATION 2016 401k financial data
Total plan liabilities at beginning of year2016-12-31$536,379
Total income from all sources2016-12-31$19,353
Total plan assets at end of year2016-12-31$19,353
Total plan assets at beginning of year2016-12-31$536,379
Value of fidelity bond covering the plan2016-12-31$15,000,000
Net income (gross income less expenses)2016-12-31$19,353
Net plan assets at end of year (total assets less liabilities)2016-12-31$19,353
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$0
Total contributions received or receivable from employer(s)2016-12-31$19,353

Form 5500 Responses for THE CASH BALANCE PLAN FOR EMPLOYEES OF IBERDROLA U MANAGEMENT CORPORATION

2021: THE CASH BALANCE PLAN FOR EMPLOYEES OF IBERDROLA U MANAGEMENT CORPORATION 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingYes
2021-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: THE CASH BALANCE PLAN FOR EMPLOYEES OF IBERDROLA U MANAGEMENT CORPORATION 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: THE CASH BALANCE PLAN FOR EMPLOYEES OF IBERDROLA U MANAGEMENT CORPORATION 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: THE CASH BALANCE PLAN FOR EMPLOYEES OF IBERDROLA U MANAGEMENT CORPORATION 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: THE CASH BALANCE PLAN FOR EMPLOYEES OF IBERDROLA U MANAGEMENT CORPORATION 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: THE CASH BALANCE PLAN FOR EMPLOYEES OF IBERDROLA U MANAGEMENT CORPORATION 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

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