Plan Snapshot
- Plan Sponsor: Ellendale Electric Company, INC.
- Sponsor EIN: 621135205
- Sponsor Address: 7722 HIGHWAY 70, BARTLETT, TN, 38133
- Plan Type: 401(k)
- Total Participants: 82
- Total Assets: $3.6M
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 | 82 | $3.6M | $27,543 | $119,978 |
| 2023 | 84 | $3.2M | $30,443 | $118,879 |
| 2022 | 100 | $2.9M | $35,524 | $115,634 |
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 |
|---|---|---|---|---|
| ROWLAND & CARTER, PLLC | 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 | $18,441 | $943 | $15,273 | — | — |
| 2023 | $25,298 | — | $25,298 | — | — |
| 2022 | $4,861 | — | $4,861 | — | — |