Plan Snapshot
- Plan Sponsor: Community Bancshares Of Mississippi, INC.
- Sponsor EIN: 640606241
- Sponsor Address: 1905 COMMUNITY BANK WAY, FLOWOOD, MS, 39232
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 970
- Total Assets: $89.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 970 | $89.3M | $0 | $0 |
| 2024 | 720 | $80.5M | $3.1M | $0 |
| 2023 | 757 | $80.9M | $1.4M | $0 |
| 2022 | 706 | $88.0M | $3.9M | $0 |
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 |
|---|---|---|---|---|
| FIRST HORIZON BANK | Other Service Provider | $143,026 | — | $143,026 |
| FORVIS MAZARS, LLP | Other Service Provider | $19,320 | — | $19,320 |
| JULY BUSINESS SERVICES, LLC | Other Service Provider | $15,425 | — | $15,425 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $177,771
- Estimated Expense Ratio: 0.199% 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 | $6,650,470 | — | — | $19,320 | — |
| 2024 | $177,143 | — | — | $17,850 | — |
| 2023 | $182,462 | — | — | $16,800 | — |
| 2022 | $173,129 | — | — | — | $173,129 |