Plan Snapshot
- Plan Sponsor: Local Government Corporation
- Sponsor EIN: 621005866
- Sponsor Address: 714 ARMSTRONG LN, COLUMBIA, TN, 38401
- Plan Type: 403(b)
- Total Participants: 147
- Total Assets: $27.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 147 | $27.8M | $798,476 | $1.0M |
| 2023 | 150 | $24.4M | $724,237 | $924,975 |
| 2022 | 153 | $19.6M | $655,229 | $811,406 |
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 |
|---|---|---|---|---|
| BLANKENSHIP CPA GROUP, 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 | $325 | — | $325 | — | — |
| 2023 | $105 | — | $105 | — | — |
| 2022 | $490 | — | $490 | — | — |