Plan Snapshot
- Plan Sponsor: Diverse Power Incorporated, An Electric Membership Corporation
- Sponsor EIN: 580465897
- Sponsor Address: 1400 SOUTH DAVIS ROAD, LAGRANGE, GA, 30241
- Plan Type: 401(k)
- Total Participants: 139
- Total Assets: $35.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 139 | $35.6M | $2.0M | $873,420 |
| 2023 | 137 | $33.7M | $1.8M | $841,438 |
| 2022 | 137 | $29.3M | $1.3M | $769,731 |
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 |
|---|---|---|---|---|
| MCNAIRMCLEMORE MIDDLEBROOKS | 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 | $4,967 | — | $4,967 | — | — |
| 2023 | $4,403 | — | $4,403 | — | — |
| 2022 | $4,142 | — | — | — | $4,142 |