Plan Snapshot
- Plan Sponsor: Walton Electric Membership Corporation
- Sponsor EIN: 580477163
- Sponsor Address: P O BOX 260, MONROE, GA, 30655
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 250
- Total Assets: $0
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 | 250 | $0 | $0 | $0 |
| 2023 | 378 | $0 | $0 | $0 |
| 2022 | 369 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|
| LUMINAIRE HEALTH BENEFITS INC | Recordkeeper | $161,832 | — | $161,832 |
| BLUE CROSS BLUE SHIELD OF GEORGIA | Recordkeeper | $60,661 | — | $60,661 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $222,493
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 | — | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |