Plan Snapshot
- Plan Sponsor: Otelco Telephone LLC
- Sponsor EIN: 522126398
- Sponsor Address: 505 3RD AVE E, ONEONTA, AL, 351211557
- Plan Type: 401(k)
- Total Participants: 648
- Total Assets: $39.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 648 | $39.6M | $1.5M | $2.8M |
| 2023 | 632 | $33.2M | $1.2M | $2.5M |
| 2022 | 558 | $26.1M | $979,738 | $1.9M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $150,824 | — | $150,824 |
| COMMONWEALTH FINANCIAL NETWORK | INVESTMENT ADVISORY | — | $71,568 | $71,568 |
| BMSS,LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH FINANCIAL NETWORK — INVESTMENT ADVISORY
- BMSS,LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $222,392
- Estimated Expense Ratio: 0.561% 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 | $150,825 | — | $150,825 | — | — |
| 2023 | $121,800 | — | $121,800 | — | — |
| 2022 | $108,551 | — | $108,551 | — | — |