Plan Snapshot
- Plan Sponsor: Choptank Electric Cooperative, INC.
- Sponsor EIN: 520271943
- Sponsor Address: 10384 RIVER ROAD, DENTON, MD, 21629
- Plan Type: 401(k)
- Total Participants: 161
- Total Assets: $76.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 161 | $76.6M | $3.2M | $1.4M |
| 2023 | 151 | $66.2M | $3.0M | $1.3M |
| 2022 | 142 | $54.2M | $2.9M | $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 | $3,150 | — | $3,150 | — | — |
| 2023 | $1,700 | — | $1,700 | — | — |
| 2022 | $1,900 | — | — | — | $1,600 |