Plan Snapshot
- Plan Sponsor: Medina Electric Cooperative, INC.
- Sponsor EIN: 740779023
- Sponsor Address: 2308 18TH STREET, HONDO, TX, 78861
- Plan Type: 401(k)
- Total Participants: 143
- Total Assets: $16.5M
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 | 143 | $16.5M | $282,175 | $840,223 |
| 2023 | 140 | $14.3M | $283,990 | $714,884 |
| 2022 | 131 | $13.0M | $246,983 | $618,888 |
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 |
|---|---|---|---|---|
| BOLINGER, SEGAR, MOSS AND GILBERT | 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 | $10,015 | — | $10,015 | — | — |
| 2023 | $8,061 | — | $8,061 | — | — |
| 2022 | $8,023 | — | $8,023 | — | — |