Plan Snapshot
- Plan Sponsor: North Georgia Electric Membership Corporation
- Sponsor EIN: 580370240
- Sponsor Address: P O BOX 1407, DALTON, GA, 30722
- Plan Type: 401(k)
- Total Participants: 156
- Total Assets: $50.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 156 | $50.1M | $2.0M | $1.2M |
| 2023 | 153 | $42.1M | $1.9M | $1.1M |
| 2022 | 156 | $35.4M | $1.7M | $1.0M |
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 |
|---|---|---|---|---|
| ANDERSON SMITH & WIKE, 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 | $69,551 | — | $69,551 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | $3,460 | — | $17 | — | — |