# Otelco Telephone LLC 401(k) Plan
Source: https://planprovider.pro/companies/otelco-telephone-llc-401k-plan

> Otelco Telephone LLC's 401(k) plan: 648 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/commonwealth-financial-network) — INVESTMENT ADVISORY

- [BMSS,LLC](https://planprovider.pro/provider/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|—|—|

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