Plan Snapshot
- Plan Sponsor: Oklahoma Electric Cooperative
- Sponsor EIN: 730382745
- Sponsor Address: 242 24TH AVENUE, N. W., NORMAN, OK, 73070
- Plan Type: Health & Welfare
- Plan Number: 526
- Total Participants: 210
- Total Assets: $32.8M
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 | 210 | $32.8M | $2.4M | $468,804 |
| 2023 | 225 | $32.6M | $4.1M | $506,612 |
| 2022 | 198 | $29.8M | $3.4M | $439,059 |
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 |
|---|---|---|---|---|
| KEMPTON GROUP ADMINSTRATORS | Other Service Provider | $199,750 | — | $199,750 |
| HEALTHCARE HIGHWAYS | Other Service Provider | $52,952 | — | $52,952 |
| HUB INTERNATIONAL MID-AMERICA | Other Service Provider | $37,500 | — | $37,500 |
| FIDUCIARY HEALTH SOLUTIONS | Other Service Provider | $19,565 | — | $19,565 |
| PAYER COMPASS | Other Service Provider | $9,434 | — | $9,434 |
| MEDCOM CARE MANAGEMENT | Other Service Provider | $9,212 | — | $9,212 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $328,413
- Estimated Expense Ratio: 1.002% 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 | $369,238 | — | $369,238 | — | — |
| 2023 | $330,235 | — | $330,235 | — | — |
| 2022 | $328,463 | — | $328,463 | — | — |