# North Georgia Electric Membership Corporation 401(k) Plan
Source: https://planprovider.pro/companies/north-georgia-electric-membership-corporation-401k-plan-003

> North Georgia Electric Membership Corporation's 401(k) plan: 156 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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