NORTH GEORGIA ELECTRIC MEMBERSHIP CORPORATION PENSION PLAN FOR EMPLOYEES COVERED BY COLLECTIVE BARGAINING AGREEMENT 401k Plan overview

NORTH GEORGIA ELECTRIC MEMBERSHIP CORPORATION PENSION PLAN FOR EMPLOYEES COVERED BY COLLECTIVE BARGAINING AGREEMENT Benefits

401k Sponsoring company profile

Company Name:	NORTH GEORGIA ELECTRIC MEMBERSHIP CORPORATION
Employer identification number (EIN):	580370240
NAIC Classification:	221100

Additional information about NORTH GEORGIA ELECTRIC MEMBERSHIP CORPORATION

Jurisdiction of Incorporation:	Georgia Department of States Corporations Division
Incorporation Date:
Company Identification Number:	461868

More information about NORTH GEORGIA ELECTRIC MEMBERSHIP CORPORATION

Form 5500 Filing Information

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2018-01-01	KIM GAMEL	2018-10-12
002	2017-01-01	KIM GAMEL	2018-09-10
002	2016-01-01	KIM GAMEL	2017-07-31	KIM GAMEL	2017-07-31
002	2015-01-01	KIM GAMEL	2016-10-14

Plan Statistics for NORTH GEORGIA ELECTRIC MEMBERSHIP CORPORATION PENSION PLAN FOR EMPLOYEES COVERED BY COLLECTIVE BARGAINING AGREEMENT

Measure	Date	Value
2018: NORTH GEORGIA ELECTRIC MEMBERSHIP CORPORATION PENSION PLAN FOR EMPLOYEES COVERED BY COLLECTIVE BARGAINING AGREEMENT 2018 401k membership
Market value of plan assets	2018-04-17	5,851,377
Acturial value of plan assets	2018-04-17	5,832,178
Funding target for retired participants and beneficiaries receiving payment	2018-04-17	0
Number of terminated vested participants	2018-04-17	0
Fundng target for terminated vested participants	2018-04-17	0
Active participant vested funding target	2018-04-17	5,104,230
Number of active participants	2018-04-17	43
Total funding liabilities for active participants	2018-04-17	5,104,230
Total participant count	2018-04-17	43
Total funding target for all participants	2018-04-17	5,104,230
Balance at beginning of prior year after applicable adjustments	2018-04-17	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-04-17	0
Carryover balanced portion elected for use to offset prior years funding requirement	2018-04-17	0
Prefunding balanced used to offset prior years funding requirement	2018-04-17	0
Amount remaining of carryover balance	2018-04-17	0
Amount remaining of prefunding balance	2018-04-17	0
Present value of excess contributions	2018-04-17	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-04-17	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-04-17	0
Reductions in caryover balances due to elections or deemed elections	2018-04-17	0
Reductions in prefunding balances due to elections or deemed elections	2018-04-17	0
Balance of carryovers at beginning of current year	2018-04-17	0
Balance of prefunding at beginning of current year	2018-04-17	0
Total employer contributions	2018-04-17	1,900,115
Total employee contributions	2018-04-17	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-04-17	0
Contributions made to avoid restrictions adjusted to valuation date	2018-04-17	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-04-17	1,873,500
Unpaid minimum required contributions for all prior years	2018-04-17	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-04-17	0
Remaining amount of unpaid minimum required contributions	2018-04-17	0
Minimum required contributions for current year target normal cost	2018-04-17	98,979
Net shortfall amortization installment of oustanding balance	2018-04-17	0
Waiver amortization installment	2018-04-17	0
Total funding amount beforereflecting carryover/prefunding balances	2018-04-17	98,979
Additional cash requirement	2018-04-17	98,979
Contributions allocatedtoward minimum required contributions for current year	2018-04-17	1,873,500
Unpaid minimum required contributions for current year	2018-04-17	0
Unpaid minimum required contributions for all years	2018-04-17	0
2017: NORTH GEORGIA ELECTRIC MEMBERSHIP CORPORATION PENSION PLAN FOR EMPLOYEES COVERED BY COLLECTIVE BARGAINING AGREEMENT 2017 401k membership
Market value of plan assets	2017-12-31	4,727,748
Acturial value of plan assets	2017-12-31	4,843,792
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	6
Fundng target for terminated vested participants	2017-12-31	676,517
Active participant vested funding target	2017-12-31	4,797,300
Number of active participants	2017-12-31	46
Total funding liabilities for active participants	2017-12-31	5,204,711
Total participant count	2017-12-31	52
Total funding target for all participants	2017-12-31	5,881,228
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	145,768
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	154,864
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	1,085,000
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	1,050,251
Liquidity shortfalls end of Q1	2017-12-31	0
Liquidity shortfalls end of Q2	2017-12-31	0
Liquidity shortfalls end of Q3	2017-12-31	0
Liquidity shortfalls end of Q4	2017-12-31	0
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	471,326
Net shortfall amortization installment of oustanding balance	2017-12-31	1,037,436
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	682,580
Additional cash requirement	2017-12-31	682,580
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	1,050,251
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: NORTH GEORGIA ELECTRIC MEMBERSHIP CORPORATION PENSION PLAN FOR EMPLOYEES COVERED BY COLLECTIVE BARGAINING AGREEMENT 2016 401k membership
Market value of plan assets	2016-12-31	4,382,180
Acturial value of plan assets	2016-12-31	4,563,663
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	3
Fundng target for terminated vested participants	2016-12-31	364,663
Active participant vested funding target	2016-12-31	5,249,455
Number of active participants	2016-12-31	39
Total funding liabilities for active participants	2016-12-31	5,291,200
Total participant count	2016-12-31	42
Total funding target for all participants	2016-12-31	5,655,863
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	233,544
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	247,393
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	723,370
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	696,672
Liquidity shortfalls end of Q1	2016-12-31	0
Liquidity shortfalls end of Q2	2016-12-31	0
Liquidity shortfalls end of Q3	2016-12-31	0
Liquidity shortfalls end of Q4	2016-12-31	0
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	353,774
Net shortfall amortization installment of oustanding balance	2016-12-31	1,092,200
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	550,904
Additional cash requirement	2016-12-31	550,904
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	696,672
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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