2023 Form 5500 filing — North Georgia Electric Membership Corporation 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240627100320NAL0006492675001) for North Georgia Electric Membership Corporation 401(K) Plan, reported by North Georgia Electric Membership Corporation under EIN 58-0370240 and plan number 003. It reports 181 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240627100320NAL0006492675001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- North Georgia Electric Membership Corporation
- EIN
- 58-0370240
- Plan number
- 003
- Location
- Dalton, GA
- Participants
- 181
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $42,142,495
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $42,142,495
- Employer contributions
- $1,858,380
- Participant contributions
- $1,123,676
- Total income / additions
- $9,635,489
- Benefits paid
- $2,907,211
- Administrative expenses
- $0
- Total expenses
- $2,907,211
- Net increase / (decrease)
- $6,728,278
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Raymond James Financial Services Ad | INVESTMENT ADVISOR | $57,736 | not reported in the loaded dataset |
| Ascensus Inc | OTHER | $0 | $35,979 |
| Empower Annuity Insurance Company | RECORDKEEPER | $531 | $0 |