Employers › Old Dominion Electric Cooperative
Recordkeeping fees per participant · Odec 401(k) Plan · plan year 2024
$298.12
Higher than 95% of the 14,075 plans $10 to 50M that report it.
= $49,786 / 167
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250916135717NAL0001210899001, received 2025-09-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250916135717NAL0001210899001, received 2025-09-16
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-16.
Administrative expenses excluding investment management, per participant
$298.12
Higher than 86% of the 24,371 plans $10 to 50M that report it.
= $49,786 / 167
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250916135717NAL0001210899001, received 2025-09-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250916135717NAL0001210899001, received 2025-09-16
Administrative expenses per participant
$298.12
Higher than 71% of the 25,098 plans $10 to 50M that report it.
= $49,786 / 167
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250916135717NAL0001210899001, received 2025-09-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250916135717NAL0001210899001, received 2025-09-16
Administrative expenses as a share of assets
0.116%
Higher than 23% of the 25,132 plans $10 to 50M that report it.
= $49,786 / $42,916,550
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250916135717NAL0001210899001, received 2025-09-16
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250916135717NAL0001210899001, received 2025-09-16
Employer contributions per participant
$2,042
Higher than 49% of the 24,050 plans $10 to 50M that report it.
= $340,968 / 167
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250916135717NAL0001210899001, received 2025-09-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250916135717NAL0001210899001, received 2025-09-16
Employer share of total contributions
10.8%
Higher than 7% of the 24,084 plans $10 to 50M that report it.
= $340,968 / $3,145,745
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250916135717NAL0001210899001, received 2025-09-16
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250916135717NAL0001210899001, received 2025-09-16
Employer match
“We have a defined contribution 401(k) retirement plan and we match up to the first 2% of each participant’s base salary.”
Form 10-K filed 2026-03-17, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 2R participant brokerage window · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250916135717NAL0001210899001, received 2025-09-16
| Field | Value | Source |
|---|---|---|
| Plan sponsor | OLD DOMINION ELECTRIC COOPERATIVE | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Plan name | ODEC 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Sponsor EIN / plan number | 23-7048405 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Sponsor location | GLEN ALLEN, VA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Industry (business code) | 221100, Utilities | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Filing received | 2025-09-16 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Participants, beginning of year | 169 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Active participants | 140 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Participants, end of year | 172 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Participants with an account balance | 167 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Total assets, beginning of year | $38,406,701 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Total assets, end of year | $42,916,550 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Net assets, end of year | $42,916,550 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Total income | $9,160,789 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Net income | $4,509,849 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Employer contributions | $340,968 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Participant contributions | $1,984,062 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Other contributions (incl. rollovers) | $820,715 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Total contributions | $3,145,745 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Benefit payments | $4,601,154 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Total expenses (incl. benefit payments) | $4,650,940 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Total administrative expenses | $49,786 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Recordkeeping fees | $49,786 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Administrative expenses excluding investment management | $49,786 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Held in common/collective trusts | $6,424,799 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Held in mutual funds | $33,510,544 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250916135717NAL0001210899001, received 2025-09-16 |
| Independent auditor | YOUNT, HYDE & BARBOUR PC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250916135717NAL0001210899001, received 2025-09-16 |
Position = column in the DOL layout for form year 2024. Filing 20250916135717NAL0001210899001, received 2025-09-16.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONSrecordkeeper | RECORD KEEPER | 12 Claims processing; 15 Recordkeeping and information management; 28 Investment management; 37 Participant loan processing; 38 Participant communication; 50 Direct payment from the plan; 54 Sales loads (front end and deferred); 59 Shareholder servicing fees; 61 Finders fees / placement fees; 62 Float revenue; 63 Distribution (12b-1) fees; 64 Recordkeeping fees; 65 Account maintenance fees | $49,786 | yes |
| NATIONAL FINANCIAL SERVICES | SECURITIES BROKER | 33 Securities brokerage; 71 Securities brokerage commissions and fees | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250916135717NAL0001210899001, received 2025-09-16.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $38,406,701 | $42,916,550 | 11.7% |
| Participants with a balance | 164 | 167 | 1.8% |
| Administrative expenses | $42,457 | $49,786 | 17.3% |
| Recordkeeping fees per participant | $258.24 | $298.12 | 15.4% |
| Employer contributions | $326,682 | $340,968 | 4.4% |
Prior filing 20240920074522NAL0007510721001, received 2024-09-20; the plan years are contiguous.
Sponsor name as filed: OLD DOMINION ELECTRIC COOPERATIVE; SEC registrant: OLD DOMINION ELECTRIC COOPERATIVE (CIK 885568, matched by EIN; display name from the Form 10-K cover).