Original filing (PDF)20250925085411NAL0007464673001

Diverse Power Incorporated, an Electric Membership Corporation

Name: Diverse Power Incorporated, an Electric Membership Corporation — Form 5500 Plan 001 (2024)
Creator: Diverse Power Incorporated, an Electric Membership Corporation
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

Diverse Power 401(k) Plan

401(k) retirement plan · Diverse Power Incorporated, an Electric Membership Corporation's Diverse Power 401(k) Plan held $35.6M in plan assets for 139 participants in 2024, with Ascensus as recordkeeper.

Signals · 3

Corrective distributions issuedHigh average account balanceSelf-directed brokerage offered

Active participants

139

Accounts w/ balance

155

Plan assets (EOY)

$35.6M

Net assets (EOY)

$35.6M

Plan identifiers

Diverse Power Incorporated, an Electric Membership Corporation's EIN is 58-0465897.

EIN 58-0465897

Plan number 001

Plan year 2024

ACK ID 20250925085411NAL0007464673001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Diverse Power Incorporated, an Electric Membership Corporation from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Diverse Power Incorporated, an Electric Membership Corporation's plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, automatic enrollment, a default investment (QDIA).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for DIVERSE POWER INCORPORATED, AN ELECTRIC MEMBERSHIP CORPORATION.

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How this plan invests

This plan

27 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Top-tier plan health

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Corrective distributions issued (likely failed ADP/ACP testing).

Helping the score

Below-peer total plan cost (92nd percentile).
High average account balance (98th percentile).

Plan sponsor

Name

DIVERSE POWER INCORPORATED, AN ELECTRIC MEMBERSHIP CORPORATION

EIN

all filings

Address

1400 SOUTH DAVIS ROAD · LAGRANGE, GA · 30241

Phone

(706) 845-2000

Industry

Utilities

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-09-25

Pension benefit codes

2A · Age/service weighted or new comparability

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2S · Automatic enrollment

2T · Default investment account (QDIA)

Service providers (Schedule C)

4 rows

Recordkeeper

Name	EIN	Location	Relation	Direct comp	Indirect comp
ASCENSUS INC	11-3665754	—	CONTRACT ADMIN	$15K	—
EMPOWER ANNUITY INSURANCE COMPANY	84-0467907	—	RECORDKEEPER	$4K	—

Advisor / Consultant

Name	EIN	Location	Relation	Direct comp	Indirect comp
RAYMOND JAMES FINANCIAL SERVICES AD

Investments

27 direct securities· $35.4M(99% of reported assets)

Mutual Funds

$21.2M

12 holdings

Other securities

$8.4M

11 holdings

Pooled Separate Accounts

$4.8M

1 holding

Cash / Money Market

$770K

1 holding

Self-Directed Brokerage

$153K

1 holding

Common Collective Trusts

$74K

1 holding

					% of plan
Franklin Rising Dividends Fund Mutual Fund	Mutual Funds	—	—	$6.2M	17.5%
Separate Account Guaranteed Interest Contract * Diversified Bond Separate Account Guaranteed Interest Contract	Pooled Separate Accounts	—	—	$4.8M	13.4%
American Funds Growth Fund of America Mutual Fund	Mutual Funds	—	—	$3.1M	8.8%
American Funds EuroPacific Growth Mutual Fund	Mutual Funds	—	—	$2.7M	7.5%
MFS Value Mutual Fund	Mutual Funds	—	—	$2.4M	6.6%
Goldman Sachs Absolute Return Tracker Mutual Fund	Other securities	—	—	$2.1M	6.0%
Eaton Vance Atlanta Capital SMID-Cap Mutual Fund	Other securities	—	—	$1.9M	5.4%
American Funds Target Date 2035 Mutual Fund	Mutual Funds	—	—	$1.8M	5.0%
Virtus Alphasimplex Managed Futures Strategy Mutual Fund	Other securities	—	—	$1.1M	3.1%
Franklin Utilities Adv Mutual Fund	Mutual Funds	—	—	$1.0M	2.8%
PIMCO Total Return Mutual Fund	Mutual Funds	—	—	$871K	2.4%
American Funds Target Date 2025 Mutual Fund	Mutual Funds	—	—	$837K	2.4%
Invesco Small Cap Growth Fund Mutual Fund	Mutual Funds	—	—	$830K	2.3%
Goldman Sachs Small Cap VI Insights Fund Mutual Fund	Other securities	—	—	$780K	2.2%
MM Premier Money Market Fund Mutual Fund 523 PGIM Global Real Estate Mutual Fund	Cash / Money Market	—	—	$770K	2.2%
Various Dates through November 2029	Other securities	—	—	$663K	1.9%
American Funds New World Fund Mutual Fund	Mutual Funds	—	—	$616K	1.7%
American Funds Target Date 2045 Mutual Fund	Mutual Funds	—	—	$586K	1.6%
Pioneer Strategic Income Fund Mutual Fund	Other securities	—	—	$533K	1.5%
American Century Mid Cap Value Mutual Fund	Other securities	—	—	$404K	1.1%
Bank of New York Mellon Natural Resources Fund Mutual Fund	Other securities	—	—	$392K	1.1%
AB Global Bond Mutual Fund	Other securities	—	—	$322K	0.9%
American Funds Target Date 2055 Mutual Fund	Mutual Funds	—	—	$267K	0.8%
Self-Directed Brokerage Accounts Self-Directed Brokerage	Self-Directed Brokerage	—	—	$153K	0.4%
Virtus Zevenbergen Technology Mutual Fund	Other securities	—	—	$128K	0.4%
MM S&P 500(R) Index Mutual Fund	Common Collective Trusts	—	—	$74K	0.2%
PGIM Jennsen Mid Cap Growth Fund Mutual Fund	Other securities	—	—	$13K	<0.1%