Plan Snapshot
- Plan Sponsor: Owen Electric Cooperative, INC.
- Sponsor EIN: 610299615
- Sponsor Address: 8205 HIGHWAY 127 NORTH, OWENTON, KY, 403590400
- Plan Type: 401(k)
- Total Participants: 122
- Total Assets: $36.3M
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 | 122 | $36.3M | $483,045 | $1.0M |
| 2023 | 122 | $31.3M | $452,094 | $989,354 |
| 2022 | 123 | $26.1M | $447,500 | $967,247 |
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 |
|---|---|---|---|---|
| CHERRY BEKAERT LLP | 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 | $96,142 | — | — | — | — |
| 2023 | $85,792 | — | — | — | — |
| 2022 | $87,218 | — | — | — | — |