Retirement plan

THE SATILLA RURAL ELECTRIC MEMBERSHIP CORPORATION 401(K) SAVINGS PLAN

Name: SATILLA EMC - THE SATILLA RURAL ELECTRIC MEMBERSHIP CORPORATION 401(K) SAVINGS PLAN (2015) Form 5500
Creator: SATILLA EMC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE SATILLA RURAL ELECTRIC MEMBERSHIP CORPORATION 401(K) SAVINGS PLAN, SATILLA EMC

SATILLA EMCEIN 58-0417350Plan #001PY 2015

928 GA HIGHWAY 32 EAST - ALMA, GA 31510912-632-3426LinkedIn51-200 employeesutilities

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$14.2M

No prior year

Total participants

143

No prior year

Average account balance

$99,582

No prior year

Annual return

0.29%

No prior year

Benchmarks

See 145 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants100-249

Cohort145 peers

Snapshot2015

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$30.69M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$183K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

168

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.91%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$485

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 7 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES1+ years Filed as: RAYMOND JAMES INSURANCE GROUP INC. Service code 53	Insurance Commissions	$26,371
QUALIFIED PLANS, LLC1+ years Service code 13 · EIN 58-2605083	Contract Administrator	$21,730
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$2,895
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASS MUTUAL INSURANCE COMPANY Service code 60	Sub-TA Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASS MUTUAL LIFE INSRUANCE COMPANY Service code 60	Sub-TA Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASS MUTUAL LIFE INSURANCE COMPANY Service code 60	Sub-TA Fees	$0
RAYMOND JAMES FINANCIAL SERVICES1+ years Filed as: RAYMOND JAMES INSURANCE GROUP Service code 53 · EIN 59-1199408	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$3K

$22 / participant

Contract admin$3K100.0%

% of EOY assets

0.020%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KRT, CPAS PC
Auditor EIN: 581202894
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,582

$89,553+11.2%

$81,367+22.4%

$52,331+90.3%

Participation rate

100.0%

82.2%+17.8pp

82.3%+17.7pp

68.1%+31.9pp

Annual return

0.29%

4.41%-4.1pp

-0.92%+1.2pp

4.54%-4.3pp

Employer contribution / active EE

$3,583

$3,780-5.2%

$3,930-8.8%

$1,882+90.4%

Participant deferral / active EE

$4,923

$5,359-8.1%

$5,383-8.5%

$3,022+62.9%

Admin fee / account holder

$20

$1,914-98.9%

$8,926-99.8%

$592-96.6%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES1+ years

Filed as: RAYMOND JAMES INSURANCE GROUP INC.

Service code 53

Insurance Commissions

$26,371

QUALIFIED PLANS, LLC1+ years

Service code 13 · EIN 58-2605083

Contract Administrator

$21,730

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$2,895

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASS MUTUAL INSURANCE COMPANY

Service code 60

Sub-TA Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASS MUTUAL LIFE INSRUANCE COMPANY

Service code 60

Sub-TA Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASS MUTUAL LIFE INSURANCE COMPANY

Service code 60

Sub-TA Fees

RAYMOND JAMES FINANCIAL SERVICES1+ years

Filed as: RAYMOND JAMES INSURANCE GROUP

Service code 53 · EIN 59-1199408

Insurance Commissions

THE SATILLA RURAL ELECTRIC MEMBERSHIP CORPORATION 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE SATILLA RURAL ELECTRIC MEMBERSHIP CORPORATION 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion