Plan Snapshot
- Plan Sponsor: Haywood Electric Membership Corp
- Sponsor EIN: 560193499
- Sponsor Address: 376 GRINDSTONE ROAD, WAYNESVILLE, NC, 28785
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 76
- Total Assets: $1.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 76 | $1.9M | $1.1M | $140,790 |
| 2023 | 76 | $2.1M | $1.1M | $140,790 |
| 2022 | 78 | $2.2M | $1.2M | $160,760 |
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 |
|---|---|---|---|---|
| HEALTHGRAM, INC. | Recordkeeper | $28,897 | — | $28,897 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,897
- Estimated Expense Ratio: 1.490% 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 | $1,385,470 | — | — | — | — |
| 2023 | $1,385,470 | — | — | — | — |
| 2022 | $1,290,462 | — | — | — | — |