AVANGRID UNION 401(K) PLAN

At the end of 2022, the total retirement plan assets of AVANGRID UNION 401(K) PLAN is $1,986,821,695.This plan was established in 2021.

At the end of 2022, the total number of retirement plan participants in AVANGRID UNION 401(K) PLAN is 4103

In 2022, the average participant retirement account value for AVANGRID UNION 401(K) PLAN is $484,236

In 2022, the estimated average employee contribution amount per participant for AVANGRID UNION 401(K) PLAN is $10,723

In 2022, the estimated average employer match for an employee in AVANGRID UNION 401(K) PLAN is approximately $5,918

In 2022, AVANGRID UNION 401(K) PLAN allocates $24,282,800 to match its employees’ contributions, providing an employer match rate of 59.59% of their contributions

In 2022, the total retirement plan asset growth rate of AVANGRID UNION 401(K) PLAN is 85.29%

In 2022, the estimated aggregate retirement account investment gain/loss for AVANGRID UNION 401(K) PLAN is 92.76%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of AVANGRID UNION 401(K) PLAN is 0.02%.

Enrollment Features

AVANGRID UNION 401(K) PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.