Plan Snapshot
- Plan Sponsor: Central Virginia Electric Cooperative
- Sponsor EIN: 540164798
- Sponsor Address: P. O. BOX 247, LOVINGSTON, VA, 22949
- Plan Type: 401(k)
- Total Participants: 118
- Total Assets: $41.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 118 | $41.8M | $2.3M | $1.2M |
| 2023 | 119 | $35.9M | $2.2M | $1.2M |
| 2022 | 114 | $29.5M | $2.0M | $1.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ADAMS, JENKINS AND CHEATHAM | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $6,175 | — | $6,175 | — | — |
| 2023 | $5,938 | — | $5,938 | — | — |
| 2022 | $1,408,517 | $3,698 | — | — | $1,404,251 |