# Choptank Electric Cooperative, INC. 401(k) Plan
Source: https://planprovider.pro/companies/choptank-electric-cooperative-inc-plan-002

> Choptank Electric Cooperative, INC.'s 401(k) plan: 161 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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