Plan Snapshot
- Plan Sponsor: National Rural Electric Cooperative Association
- Sponsor EIN: 530116145
- Sponsor Address: 4301 WILSON BLVD, ARLINGTON, VA, 22203
- Plan Type: 401(k)
- Total Participants: 61,593
- Total Assets: $16.8B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 61,593 | $16.8B | $274.0M | $482.1M |
| 2023 | 60,192 | $15.0B | $249.9M | $454.5M |
| 2022 | 60,023 | $13.0B | $227.7M | $427.9M |
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 |
|---|---|---|---|---|
| NRECA | Other Service Provider | $26,188,572 | — | $26,188,572 |
| T ROWE PRICE ASSOCIATES INC | Investment Advisor | $5,055,832 | — | $5,055,832 |
| BLACKROCK INSTITUTIONAL TRUST CO | Investment Advisor | $3,217,495 | — | $3,217,495 |
| VOYA INSTITUTIONAL PLAN SERVICES | Other Service Provider | $1,843,033 | — | $1,843,033 |
| BLACKROCK FINANCIAL MANAGEMENT INC | Investment Advisor | $1,597,342 | — | $1,597,342 |
| JACOBS LEVY EQUITY MANAGEMENT INC | Investment Advisor | $1,139,434 | — | $1,139,434 |
| DECISIONPATH CONSULTING | Other Service Provider | $908,992 | — | $908,992 |
| LOCKTON COMPANIES | Insurance Carrier | $869,500 | — | $869,500 |
| CAPITAL INTERNATIONAL INC | Investment Advisor | $819,264 | — | $819,264 |
| LSV ASSET MANAGEMENT | Investment Advisor | $733,243 | — | $733,243 |
| PACIFIC INVESTMENT MANAGEMENT CO | Investment Advisor | $675,498 | — | $675,498 |
| OPTOMI LLC | Other Service Provider | $524,002 | — | $524,002 |
| CHESAPEAKE BENEFIT PARTNERS LLC | Other Service Provider | $489,413 | — | $489,413 |
| ENTERPRISE IRON FIS INC | Other Service Provider | $432,459 | — | $432,459 |
| PINNACLE DATA SYSTEMS LLC | Other Service Provider | $405,970 | — | $405,970 |
| CONVERGENZ LLC | Other Service Provider | $364,944 | — | $364,944 |
| EXPERIS IT SERVICES | Other Service Provider | $324,329 | — | $324,329 |
| STATE STREET GLOBAL ADVISORS TRUST | Investment Advisor | $309,476 | — | $309,476 |
| NEUBERGER BERMAN GROUP LLC | Investment Advisor | $294,021 | — | $294,021 |
| STATE STREET BANK | Custodian / Trustee | $290,171 | — | $290,171 |
| FIS CAPITAL MARKETS US LLC | Other Service Provider | $281,344 | — | $281,344 |
| SIRIUS COMPUTER SOLUTIONS INC | Other Service Provider | $179,550 | — | $179,550 |
| RVK INC | Other Service Provider | $129,998 | — | $129,998 |
| SIGNATURE COMMERCIAL SOLUTIONS LLC | Other Service Provider | $128,832 | — | $128,832 |
| RAYMOND JAMES AND ASSOCIATES | Investment Advisor | — | $108,100 | $108,100 |
| BDO USA LLP | Auditor | $98,926 | — | $98,926 |
| ROBERT HALF | Other Service Provider | $94,354 | — | $94,354 |
| USM BUSINESS SYSTEMS INC | Other Service Provider | $92,219 | — | $92,219 |
| EXCELLA INC | Other Service Provider | $87,435 | — | $87,435 |
| CLIFTONLARSONALLEN LLP | Auditor | $70,714 | — | $70,714 |
| JP MORGAN SECURITIES | Investment Advisor | — | $61,008 | $61,008 |
| ASTON CARTER INC | Other Service Provider | $57,821 | — | $57,821 |
| MORGAN STANLEY CO | Investment Advisor | — | $50,754 | $50,754 |
| SPECTRUM FINANCIAL SERVICES | Other Service Provider | $47,840 | — | $47,840 |
| THOMPSON HINE LLP | ERISA Attorney | $44,144 | — | $44,144 |
| NEWPORT TRUST COMPANY | Other Service Provider | $39,667 | — | $39,667 |
| WELLS FARGO SECURITIES LLC | Investment Advisor | — | $32,553 | $32,553 |
| GOLDMAN SACHS AND CO | Investment Advisor | — | $32,474 | $32,474 |
| BLOOMBERG FINANCE LP | Other Service Provider | $31,801 | — | $31,801 |
| REASONN LLC | Other Service Provider | $31,662 | — | $31,662 |
| INTERNATIONAL SOFTWARE SYSTEMS INC | Other Service Provider | $29,655 | — | $29,655 |
| ADP INC | Recordkeeper | $28,078 | — | $28,078 |
| VIRTU AMERICAS | Investment Advisor | — | $27,765 | $27,765 |
| JEFFERIES AND COMPANY | Investment Advisor | — | $27,445 | $27,445 |
| BARCLAYS CAPITAL | Investment Advisor | — | $26,548 | $26,548 |
| BOFA SECURITIES | Investment Advisor | — | $26,417 | $26,417 |
| NATIONAL FINANCIAL SECURITIES LLC | Investment Advisor | — | $24,424 | $24,424 |
| WELLS FARGO BANK | Other Service Provider | $22,214 | — | $22,214 |
| UBS SECURITIES LLC | Investment Advisor | — | $20,504 | $20,504 |
| NASDAQ INFORMATION LLC | Other Service Provider | $18,959 | — | $18,959 |
| OPPENHEIMER AND COMPANY | Investment Advisor | — | $13,883 | $13,883 |
| RBC CAPITAL MARKETS | Investment Advisor | — | $13,876 | $13,876 |
| COWEN AND COMPANY LLC | Investment Advisor | — | $13,482 | $13,482 |
| DEXIAN LLC | Other Service Provider | $12,452 | — | $12,452 |
| BNP PARIBAS SECURITIES | Investment Advisor | — | $11,065 | $11,065 |
| HARTER SECREST AND EMERY LLP | ERISA Attorney | $10,895 | — | $10,895 |
| GROOM LAW GROUP CHARTERED | ERISA Attorney | $10,829 | — | $10,829 |
| CAPRICORN SYSTEMS INC | Other Service Provider | $10,766 | — | $10,766 |
| PERSHING LLC | Investment Advisor | — | $9,890 | $9,890 |
| ZOVAYA CORPORATION | Other Service Provider | $9,436 | — | $9,436 |
| ROBERT W BAIRD CO INCORPORATED | Investment Advisor | — | $8,982 | $8,982 |
| DAVIS COMPANIES | Other Service Provider | $7,712 | — | $7,712 |
| BMO CAPITAL MARKETS | Investment Advisor | — | $7,429 | $7,429 |
| LIQUIDNET INC | Investment Advisor | — | $6,721 | $6,721 |
| CITIGROUP GLOBAL MARKETS | Investment Advisor | — | $6,546 | $6,546 |
| ABEL NOSER SOLUTIONS | Other Service Provider | $6,203 | — | $6,203 |
| CITADEL SECURITIES INSTITUTIONAL | Investment Advisor | — | $5,757 | $5,757 |
| UBS AG | Investment Advisor | — | $5,702 | $5,702 |
| STEVENS AND LEE PC | ERISA Attorney | $5,564 | — | $5,564 |
| ALKU TECHNOLOGIES LLC | Other Service Provider | $5,458 | — | $5,458 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LOCKTON COMPANIES — Insurance Carrier
- RAYMOND JAMES AND ASSOCIATES — Investment Advisor
- BDO USA LLP — Auditor
- CLIFTONLARSONALLEN LLP — Auditor
- MORGAN STANLEY CO — Investment Advisor
- THOMPSON HINE LLP — ERISA Attorney
- GOLDMAN SACHS AND CO — Investment Advisor
- ADP INC — Recordkeeper
- GROOM LAW GROUP CHARTERED — ERISA Attorney
- PERSHING LLC — Investment Advisor
- UBS AG — Investment Advisor
- STEVENS AND LEE PC — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,618,843
- Estimated Expense Ratio: 0.289% 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 | $47,332,687 | $13,971,604 | $26,188,572 | $75,640 | — |
| 2023 | $43,513,362 | $11,891,405 | $24,447,849 | $58,236 | — |
| 2022 | $40,454,465 | $10,863,670 | $23,200,318 | — | $3,364,239 |