Plan Ledger DOL Form 5500 · updated monthly

The Walton Electric Membership Corporation401(k)

THE WALTON ELECTRIC MEMBERSHIP CORPORATION 401 K PLAN · MONROE, 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

The Walton Electric Membership Corporation reported $8,810 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,027 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 fell from 0.02% 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 375th-largest of 2,160 plans among Georgia employers on file, and the 162nd of 412 in utilities. In 2024, the employer put in $1.03 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$66,521,775
Participants with balances285
Active participants270
Employer contributions$2,167,420
Employee contributions$2,103,715
Employer contribution per active participant$8,027
Average account balance$233,410
Benefits paid to participants$5,739,891
Plan auditUnmodified (clean) audit opinion
AuditorMCNAIR, MCLEMORE, MIDDLEBROOKS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$66.5M · 285 accts · $2.2M emplr
2023$60.8M · 278 accts · $1.9M emplr
2022$55.0M · 251 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,810
Total administrative$8,810
The The Walton Electric Membership Corporation 401(k) match · 2024
Employer contribution per active participant$8,027
Median for plans this size$3,635
2024$8,027 per active participant
2023$7,446 per active participant
2022$6,552 per active participant

The Walton 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 · 20245
RAYMOND JAMES FINANCIAL SERVICES · Investment advisory (plan)$129,535
FUTUREPLAN CONSULTING - FORT WAYNE · Contract administrator$17,117
RETIREMENT PLAN ADMINISTRATORS, LLC · Contract administrator$16,021
ASCENSUS, LLC · Contract administratorindirect comp

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$8,810 · 0.01%
2023$4,156 · 0.01%
2022$10,704 · 0.02%
Same employer
Similar plansUtilities · Georgia
Gas South, LLC GA$65.1M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580477163 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.