Plan Snapshot
- Plan Sponsor: Cobb Electric Membership Corporation
- Sponsor EIN: 580198155
- Sponsor Address: 1000 EMC PARKWAY, NE, MARIETTA, GA, 30060
- Plan Type: 401(k)
- Total Participants: 388
- Total Assets: $79.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 388 | $79.4M | $2.2M | $3.3M |
| 2023 | 384 | $76.3M | $1.8M | $2.9M |
| 2022 | 377 | $74.1M | $1.5M | $2.8M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $103,999 | — | $103,999 |
| CANNON FINANCIAL STRATEGISTS INC | OTHER | $61,671 | — | $61,671 |
| MCNAIR, MCLEMORE, MIDDLEBROOKS & | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $165,670
- Estimated Expense Ratio: 0.209% of plan assets
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 | $165,670 | — | — | — | — |
| 2023 | $144,670 | — | — | — | — |
| 2022 | $90,711 | — | $47,035 | — | $43,676 |