Plan Snapshot
- Plan Sponsor: The Walton Electric Membership Corporation
- Sponsor EIN: 580477163
- Sponsor Address: 842 US HWY 78, MONROE, GA, 30655
- Plan Type: 401(k)
- Total Participants: 270
- Total Assets: $66.5M
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 | 270 | $66.5M | $2.2M | $2.1M |
| 2023 | 258 | $60.8M | $1.9M | $2.0M |
| 2022 | 253 | $55.0M | $1.7M | $1.8M |
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 |
|---|---|---|---|---|
| RAYMOND JAMES FINANCIAL SERVICES | Investment Advisor | $129,535 | — | $129,535 |
| RETIREMENT PLAN ADMINISTRATORS, LLC | Recordkeeper | $16,021 | $7,791 | $23,812 |
| ASCENSUS, LLC | Recordkeeper | — | $22,465 | $22,465 |
| FUTUREPLAN CONSULTING - FORT WAYNE | Other Service Provider | $17,117 | — | $17,117 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $6,252 | — | $6,252 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES FINANCIAL SERVICES — Investment Advisor
- ASCENSUS, LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $199,181
- Estimated Expense Ratio: 0.299% 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 | $8,810 | — | $8,810 | — | — |
| 2023 | $4,156 | — | $4,156 | — | — |
| 2022 | $10,704 | — | $10,704 | — | — |