Plan Snapshot
- Plan Sponsor: Ameris Bancorp
- Sponsor EIN: 581456434
- Sponsor Address: 3490 PIEDMONT RD NE, ATLANTA, GA, 303051743
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 3,320
- Total Assets: $337.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 3,320 | $337.1M | $0 | $0 |
| 2024 | 2,689 | $294.8M | $7.1M | $20.5M |
| 2023 | 2,762 | $265.0M | $7.4M | $20.0M |
| 2022 | 2,820 | $223.2M | $6.6M | $19.9M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $255,460 | $11,700 | $267,160 |
| MAULDIN AND JENKINS | Other Service Provider | $42,000 | — | $42,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $309,160
- Estimated Expense Ratio: 0.092% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $34,390,798 | — | $255,460 | $42,000 | — |
| 2024 | $306,425 | — | $273,275 | $33,150 | — |
| 2023 | $270,799 | — | $270,799 | — | — |
| 2022 | $242,488 | — | $242,488 | — | — |