Plan Snapshot
- Plan Sponsor: Lee County Electric Cooperative, INC.
- Sponsor EIN: 590329555
- Sponsor Address: 4980 BAYLINE DRIVE, NORTH FORT MYERS, FL, 33918
- Plan Type: 401(k)
- Total Participants: 461
- Total Assets: $67.6M
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 | 461 | $67.6M | $2.7M | $4.2M |
| 2023 | 418 | $57.3M | $2.2M | $3.5M |
| 2022 | 388 | $48.2M | $2.5M | $3.9M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK RETIREMENT PLAN SRVCS | RETAINED BY CLIENT | $12,080 | — | $12,080 |
| MCNAIR, MCLEMORE, MIDDLEBROOKS & CO | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK RETIREMENT PLAN SRVCS — RETAINED BY CLIENT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,080
- Estimated Expense Ratio: 0.018% 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 | $12,080 | $4,895 | $7,185 | — | — |
| 2023 | $7,966 | $3,158 | $4,808 | — | — |
| 2022 | $9,762 | $2,383 | $7,379 | — | — |