Plan Ledger DOL Form 5500 · updated monthly

Colquitt Electric Membership Corporation401(k)

COLQUITT EMC RETIREMENT PLAN · MOULTRIE, GA · plan year 2024

Reported admin expense ratio · 2024
0.01%

Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works

Colquitt Electric Membership Corporation reported $5,945 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $12,442 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.00% to 0.01%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other utilities employers. By assets it is the 390th-largest of 2,160 plans among Georgia employers on file, and the 168th of 412 in utilities. In 2024, the employer put in $1.45 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$62,496,013
Participants with balances203
Active participants170
Employer contributions$2,115,093
Employee contributions$1,462,045
Employer contribution per active participant$12,442
Average account balance$307,862
Benefits paid to participants$3,674,102
Plan auditUnmodified (clean) audit opinion
AuditorMCNAIR MCLEMORE MIDDLEBROOKS
Plan history3
Yearassets · accounts · employer contribution
2024$62.5M · 203 accts · $2.1M emplr
2023$56.3M · 199 accts · $2.0M emplr
2022$51.6M · 195 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,945
Total administrative$5,945
The Colquitt Electric Membership Corporation 401(k) match · 2024
Employer contribution per active participant$12,442
Median for plans this size$3,635
2024$12,442 per active participant
2023$11,474 per active participant
2022$10,202 per active participant

Colquitt Electric Membership Corporation's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
RAYMOND JAMES FIN SVCS ADVISORS · Investment advisory (plan)$132,712
RETIREMENT PLAN ADMINISTRATORS LLC · Contract administrator$2,665
ASCENSUS INC · Contract administrator$1,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$5,945 · 0.01%
2023$1,950 · 0.00%
2022$2,040 · 0.00%
Similar plansUtilities · Georgia
Gas South, LLC GA$65.1M · 0.05%
Satilla Emc GA$30.7M · 0.28%
Infratech Corporation GA$6.6M · 1.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580201495 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.