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| Plan Name | MID CAROLINA ELECTRIC COOPERATIVE, INC., RETIREE WELFARE BENEFIT PLAN |
| Plan identification number | 526 |
| 401k Plan Type | Welfare Benefit |
| Plan Features/Benefits |
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| Company Name: | MID CAROLINA ELECTRIC COOPERATIVE, INC. |
| Employer identification number (EIN): | 520210417 |
| NAIC Classification: | 221100 |
| Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
|---|---|---|---|---|---|
| 526 | 2023-01-01 | THERESA CREPES | 2024-06-14 | B. ROBERT PAULLING | 2024-06-14 |
| Measure | Date | Value |
|---|---|---|
| 2023: MID CAROLINA ELECTRIC COOPERATIVE, INC., RETIREE WELFARE BENEFIT PLAN 2023 401k membership | ||
| Total participants, beginning-of-year | 2023-01-01 | 64 |
| Number of retired or separated participants receiving benefits | 2023-01-01 | 60 |
| Total of all active and inactive participants | 2023-01-01 | 60 |
| Total participants | 2023-01-01 | 60 |
| Measure | Date | Value |
|---|---|---|
| 2023 : MID CAROLINA ELECTRIC COOPERATIVE, INC., RETIREE WELFARE BENEFIT PLAN 2023 401k financial data | ||
| Total income from all sources | 2023-12-31 | $3,083,688 |
| Expenses. Total of all expenses incurred | 2023-12-31 | $1,000,000 |
| Benefits paid (including direct rollovers) | 2023-12-31 | $1,000,000 |
| Total plan assets at end of year | 2023-12-31 | $20,693,961 |
| Total plan assets at beginning of year | 2023-12-31 | $18,610,273 |
| Value of fidelity bond covering the plan | 2023-12-31 | $500,000 |
| Other income received | 2023-12-31 | $2,381,224 |
| Net income (gross income less expenses) | 2023-12-31 | $2,083,688 |
| Net plan assets at end of year (total assets less liabilities) | 2023-12-31 | $20,693,961 |
| Net plan assets at beginning of year (total assets less liabilities) | 2023-12-31 | $18,610,273 |
| Total contributions received or receivable from employer(s) | 2023-12-31 | $702,464 |
| 2023: MID CAROLINA ELECTRIC COOPERATIVE, INC., RETIREE WELFARE BENEFIT PLAN 2023 form 5500 responses | ||
|---|---|---|
| 2023-01-01 | Type of plan entity | Single employer plan |
| 2023-01-01 | Submission has been amended | No |
| 2023-01-01 | This submission is the final filing | No |
| 2023-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2023-01-01 | Plan is a collectively bargained plan | No |
| 2023-01-01 | Plan funding arrangement – Trust | Yes |
| 2023-01-01 | Plan benefit arrangement - Trust | Yes |
| 2023-01-01 | Plan benefit arrangement – General assets of the sponsor | Yes |
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