Department of Labor filing

SEQUOYAH ELECTRIC, LLC

SEQUOYAH ELECTRIC 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 8, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

There is not enough comparable filing data to judge this plan yet. This is a filing comparison, not a complete benefits score.

$Employer support

-$40

Reported employer contributions per active participant.

#People in the filing

113

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$655 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 1% of comparable plans

↗Investment performance

Not available

Plan assets changed 1.6%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 2024—There is not enough comparable filing data to calculate this yet.

How this filing compares

Reported employer contributionsNot enough dataTypical peer $1,990 · based on 1,102 comparable plans

Lower reported administrative expense1st percentileTypical peer $185 · based on 1,120 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, SEQUOYAH ELECTRIC, LLC reported -$4,537 in employer contributions across the plan and 113 active participants. That works out to -$40 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy73%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 101.2%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 12.3%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer contextNot enough data

Comparable-plan data is too limited for a score.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: -$4,537
Participant contributions: $1,288,977
Other contributions: $115,485
Employer share of reported contributions: -0.4%
Beginning assets: $17,098,115
Ending assets: $17,365,276
Ending net assets: $17,365,276
Ending liabilities: $0
Total income: $3,173,587
Total expenses: $2,906,426
Administrative expenses: $106,776
Participant loans: $202,232

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$3,442

2023

$4,386

2024

-$40

Plan-paid administrative expenses per participant

2022

$584

2023

$571

2024

$655

Active participants

2022

127

2023

109

2024

113

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	-$40	113	17.4M	20251008164326NAL0006148209001
2023	$4,386	109	17.1M	20241008150645NAL0030310752001
2022	$3,442	127	13.8M	20231011113758NAL0019923923001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.2%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 470898645-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 31, 2003
Industry: Construction
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2F2G2J2K2S2T3B3D

Current plan terms

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Filing ACK_ID20251008164326NAL0006148209001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗