2023 Form 5500 filing — The Satilla Rural Electric Membership Corporation 401(K) Savings 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 20250506103917NAL0009157473001) for The Satilla Rural Electric Membership Corporation 401(K) Savings Plan, reported by Satilla Emc under EIN 58-0417350 and plan number 001. It reports 167 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250506103917NAL0009157473001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Satilla Emc
- EIN
- 58-0417350
- Plan number
- 001
- Location
- Alma, GA
- Participants
- 167
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $28,137,728
- Total liabilities (EOY)
- $406
- Net assets (EOY)
- $28,137,322
- Employer contributions
- $908,789
- Participant contributions
- $1,058,036
- Total income / additions
- $5,677,829
- Benefits paid
- $1,381,225
- Administrative expenses
- $2,427
- Total expenses
- $1,383,652
- Net increase / (decrease)
- $4,294,177
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Raymond James Financial Svcs Adv | INVESTMENT ADVISOR | $48,787 | not reported in the loaded dataset |
| Ascensus Holdings Inc Dba | CONTRACT ADMIN | $19,515 | not reported in the loaded dataset |
| Ascensus Inc | CONTRACT ADMIN | $0 | $12,234 |
| Empower Annuity Insurance Company | RECORDKEEPER | $0 | $2,502 |