Plan Snapshot
- Plan Sponsor: Lee County Electric Cooperative, INC.
- Sponsor EIN: 590329555
- Sponsor Address: 4980 BAYLINE DRIVE, NORTH FORT MYERS, FL, 33917
- Plan Type: DB
- Total Participants: 393
- Total Assets: $55.9M
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 | 393 | $55.9M | $3.3M | $0 |
| 2023 | 349 | $52.0M | $3.3M | $0 |
| 2022 | 346 | $46.0M | $4.7M | $0 |
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 |
|---|---|---|---|---|
| MCNAIR, MCLEMORE, MIDDLEBROOKS & CO | 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 | $89,303 | — | — | — | — |
| 2023 | $429,352 | — | — | — | — |
| 2022 | $385,532 | — | — | — | — |