Haywood Emc Employee Benefit Plan — Form 5500 plan (Haywood Electric Membership Corp)
Plain-English plan 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, Haywood Emc Employee Benefit Plan is a benefit plan reported by Haywood Electric Membership Corp under EIN 56-0193499 and plan number 501. The latest loaded filing year is 2023. The filing reports 78 participants and $2,083,780 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$2.1MPlan net assets, end of year$2,083,780
Participants78Covered participants reported
Assets / participant$26.7KComputed: assets ÷ participants$26,715 (computed)
Provider compensation$28.9K1 Schedule C provider row(s)$28,897
- Plan sponsor
- Haywood Electric Membership Corp
- EIN
- 56-0193499
- Plan number
- 501
- Plan type
- 2
- Location
- Waynesville, NC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 78 | I, C | 20250214085833NAL0012780867001 |
Schedule I · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$2.1M total assets
Net assets$2.1MLiabilities—
Full reported line items
Net assets
- Total assets (EOY)
- $2,083,780
- Net assets (EOY)
- $2,083,780
- Net assets (BOY)
- $2,228,296
Income & contributions
- Employer contributions
- $1,100,164
- Participant contributions
- $140,790
- Total income / additions
- $1,240,954
Expenses & distributions
- Benefits paid
- $1,385,470
- Total expenses
- $1,385,470
- Net increase / (decrease)
- -$144,516
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
89%
Employer 89%Participant 11%
Total expenses ÷ net assets66%Computed ratio
Benefits paid ÷ total income112%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Healthgram, Inc. | TPA | $28,897 | not reported in the loaded dataset | 2023 |