Plan Snapshot
- Plan Sponsor: National Rural Electric Cooperative Association
- Sponsor EIN: 530116145
- Sponsor Address: 4301 WILSON BLVD, ARLINGTON, VA, 22203
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 72,921
- Total Assets: $862.0M
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 | 72,921 | $862.0M | $848.2M | $0 |
| 2023 | 73,315 | $776.8M | $793.0M | $0 |
| 2022 | 71,119 | $694.4M | $750.2M | $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 |
|---|---|---|---|---|
| MET LIFE | Other Service Provider | $45,645,134 | — | $45,645,134 |
| UMR | Other Service Provider | $22,811,451 | — | $22,811,451 |
| VSP VISION CARE | Other Service Provider | $5,908,069 | — | $5,908,069 |
| OPTOMI LLC | Other Service Provider | $2,438,319 | — | $2,438,319 |
| CAREMARK | Other Service Provider | $1,629,072 | — | $1,629,072 |
| EXPERIS IT SERVICES US LLC | Other Service Provider | $1,457,658 | — | $1,457,658 |
| DECISIONPATH CONSULTING | Other Service Provider | $912,126 | — | $912,126 |
| CONVERGENZ LLC | Other Service Provider | $780,164 | — | $780,164 |
| CAPRICORN SYSTEMS INC | Other Service Provider | $769,902 | — | $769,902 |
| WEBMD LLC | Other Service Provider | $757,856 | — | $757,856 |
| TRANSCARENT INC | Other Service Provider | $753,807 | — | $753,807 |
| COTIVITI | Other Service Provider | $625,229 | — | $625,229 |
| ARROWSTREET CAPITAL LIMITED PARTNER | Other Service Provider | $510,185 | — | $510,185 |
| TELADOC HEALTH INC | Other Service Provider | $489,641 | — | $489,641 |
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $310,600 | — | $310,600 |
| MERCER US LLC | Investment Advisor | $298,000 | — | $298,000 |
| NEXTUP SOLUTIONS LLC | Other Service Provider | $223,887 | — | $223,887 |
| PSG CONSULTING LLC | Other Service Provider | $170,534 | — | $170,534 |
| DPPO USA GOVT EMPLOYEES HEALTH ASSN | Other Service Provider | $150,058 | — | $150,058 |
| SIGNATURE COMMERCIAL SOLUTIONS | Other Service Provider | $136,531 | — | $136,531 |
| INTERNATIONAL SOFTWARE SYSTEMS INC | Other Service Provider | $122,529 | — | $122,529 |
| BDO USA LLP | Auditor | $121,107 | — | $121,107 |
| HEALTH AND TECHNOLOGY VECTOR INC | Other Service Provider | $116,000 | — | $116,000 |
| ALLSUP | Other Service Provider | $114,500 | — | $114,500 |
| GROOM LAW GROUP CHARTERED | ERISA Attorney | $97,997 | — | $97,997 |
| STATE STREET GLOBAL ADVISORS | Other Service Provider | $95,984 | — | $95,984 |
| USM BUSINESS SYSTEMS INC | Other Service Provider | $92,219 | — | $92,219 |
| EXCELLA INC | Other Service Provider | $88,545 | — | $88,545 |
| CLIFTONLARSONALLEN LLP | Auditor | $76,045 | — | $76,045 |
| MEDICAL REVIEW INSTITUTE OF AMERICA | Other Service Provider | $71,974 | — | $71,974 |
| STATE STREET BANK | Other Service Provider | $69,167 | — | $69,167 |
| ASTON CARTER INC | Other Service Provider | $56,772 | — | $56,772 |
| OPTUM | Other Service Provider | $54,125 | — | $54,125 |
| LOCKTON COMPANIES | Investment Advisor | $43,729 | — | $43,729 |
| NEWPORT TRUST COMPANY | Other Service Provider | $39,667 | — | $39,667 |
| RV KUHNS AND ASSOCIATES | Other Service Provider | $36,399 | — | $36,399 |
| WILKIE FARR AND GALLAGHER LLP | ERISA Attorney | $36,183 | — | $36,183 |
| DAVIS COMPANIES | Other Service Provider | $35,066 | — | $35,066 |
| REASONN LLC | Other Service Provider | $31,662 | — | $31,662 |
| TELUS HEALTH US LTD | Other Service Provider | $30,765 | — | $30,765 |
| DAVIES LIFE AND HEALTH INC | Other Service Provider | $30,455 | — | $30,455 |
| MILLIMAN INC | Recordkeeper | $28,325 | — | $28,325 |
| SIRIUS COMPUTER SOLUTIONS INC | Other Service Provider | $28,215 | — | $28,215 |
| ZOVAYA CORPORATION | Other Service Provider | $27,263 | — | $27,263 |
| PINNACLE DATA SYSTEMS LLC | Other Service Provider | $26,071 | — | $26,071 |
| PROTIVITI | Other Service Provider | $24,719 | — | $24,719 |
| WELLS FARGO BANK | Other Service Provider | $22,242 | — | $22,242 |
| SPARKS PERSONNEL SERVICES INC | Other Service Provider | $21,314 | — | $21,314 |
| SHARP PPO | Other Service Provider | $20,265 | — | $20,265 |
| DANE STREET LLC | Other Service Provider | $19,915 | — | $19,915 |
| FAIR HEALTH INC | Other Service Provider | $17,299 | — | $17,299 |
| PROPEER RESOURCES LLC | Other Service Provider | $15,300 | — | $15,300 |
| GENEX SERVICES LLC | Other Service Provider | $14,547 | — | $14,547 |
| STEVENS AND LEE PC | ERISA Attorney | $13,639 | — | $13,639 |
| DEXIAN LLC | Other Service Provider | $13,199 | — | $13,199 |
| AKSIA LLC | Other Service Provider | $12,999 | — | $12,999 |
| BROWN AND BROWN ABSENCE SERVICES | Other Service Provider | $11,586 | — | $11,586 |
| MOTION RECRUITMENT PARTNERS LLC | Other Service Provider | $9,680 | — | $9,680 |
| MMRO | Other Service Provider | $6,227 | — | $6,227 |
| NATIONAL MEDICAL REVIEWS INC | Other Service Provider | $5,275 | — | $5,275 |
| ALKU TECHNOLOGIES | Other Service Provider | $5,272 | — | $5,272 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- MERCER US LLC — Investment Advisor
- BDO USA LLP — Auditor
- GROOM LAW GROUP CHARTERED — ERISA Attorney
- CLIFTONLARSONALLEN LLP — Auditor
- LOCKTON COMPANIES — Investment Advisor
- WILKIE FARR AND GALLAGHER LLP — ERISA Attorney
- MILLIMAN INC — Recordkeeper
- 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: $88,582,465
- Estimated Expense Ratio: 10.277% 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 | $38,781,771 | $655,567 | $32,735,801 | $103,152 | — |
| 2023 | $35,949,684 | $271,992 | $29,714,173 | $81,786 | — |
| 2022 | $38,777,660 | $35,041 | $31,884,345 | — | $5,384,054 |