Electric Cooperatives Health Benefits Plan — Form 5500 plan (Alabama Rural Electric Association Of Cooperatives)
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, Electric Cooperatives Health Benefits Plan is a benefit plan reported by Alabama Rural Electric Association Of Cooperatives under EIN 63-0264081 and plan number 501. The latest loaded filing year is 2023. The filing reports 2,679 participants and $5,712,777 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Alabama Rural Electric Association Of Cooperatives
- EIN
- 63-0264081
- Plan number
- 501
- Plan type
- 3
- Location
- Montgomery, AL
- Latest filing year
- 2023
- Participants
- 2,679
- End-of-year plan assets
- $5,712,777
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 2,679 | H, C | 20241009115523NAL0031084416003 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $5,712,777
- Total liabilities (EOY)
- $4,862,408
- Net assets (EOY)
- $850,369
- Net assets (BOY)
- $448,136
Income & contributions
- Employer contributions
- $37,033,524
- Total contributions
- $37,033,524
- Total income / additions
- $37,224,403
Expenses & distributions
- Benefits paid
- $35,099,001
- Administrative expenses
- $1,719,207
- Total expenses
- $36,822,170
- Net increase / (decrease)
- $402,233
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Blue Cross Blue Shield Of Alabama | not reported in the loaded dataset | $1,366,363 | $0 | 2023 |
| Cobbs-Allen & Hall Inc. | not reported in the loaded dataset | $119,072 | $0 | 2023 |
| Carr, Riggs & Ingram, LLC | not reported in the loaded dataset | $24,800 | not reported in the loaded dataset | 2023 |
| Rushton Stakely Johnston & Garrett | not reported in the loaded dataset | $12,283 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Alabama Rural Electric Association Of Cooperatives
- 2023 Form 5500 filing
- Form 5500 filings in AL
- 401(k) and benefit plan filings in Montgomery, AL
- Blue Cross Blue Shield Of Alabama — Schedule C compensation
- Cobbs-Allen & Hall Inc. — Schedule C compensation
- Carr, Riggs & Ingram, LLC — Schedule C compensation
- Rushton Stakely Johnston & Garrett — Schedule C compensation