Plan Snapshot
- Plan Sponsor: Deep South Equipment Company
- Sponsor EIN: 721167835
- Sponsor Address: 560 OAK HARBOR BLVD., SUITE 100, SLIDELL, LA, 70458
- Plan Type: 401(k)
- Total Participants: 337
- Total Assets: $8.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2024 | 337 | $8.0M | $258,594 | $779,994 |
| 2023 | 332 | $6.9M | $200,000 | $558,994 |
| 2022 | 310 | $5.6M | $400,000 | $504,944 |
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 COMAPNY | CONTRACT ADMINISTRATOR | $64,787 | — | $64,787 |
| HEARD, MCELROY & VESTAL, LLC | THIRD PARTY ADMINISTRATO | $24,810 | $3,179 | $27,989 |
| EDWARD D. JONES & CO. | INVESTMENT ADVISORY | — | $23,391 | $23,391 |
| ROZIER, MCKAY & WILLIS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HEARD, MCELROY & VESTAL, LLC — THIRD PARTY ADMINISTRATO
- ROZIER, MCKAY & WILLIS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $116,167
- Estimated Expense Ratio: 1.445% 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 |
|---|---|---|---|---|---|
| 2024 | $89,594 | — | $89,594 | — | — |
| 2023 | $78,431 | — | $78,431 | — | — |
| 2022 | $47,997 | $11,151 | $36,846 | — | — |