Plan Snapshot
- Plan Sponsor: First Southern Bancorp INC
- Sponsor EIN: 611129777
- Sponsor Address: P.O. BOX 328, STANFORD, KY, 404840328
- Plan Type: 401(k)
- Total Participants: 240
- Total Assets: $43.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 240 | $43.1M | $719,737 | $961,443 |
| 2023 | 236 | $36.0M | $707,453 | $950,889 |
| 2022 | 226 | $35.6M | $655,394 | $869,396 |
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 |
|---|---|---|---|---|
| MORNINGSTAR | Other Service Provider | $1,015 | $4,412 | $5,427 |
| KERBER, ECK & BRAECKEL LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORNINGSTAR — Other Service Provider
- KERBER, ECK & BRAECKEL LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,427
- Estimated Expense Ratio: 0.013% 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 | $16,625 | $10,825 | $3,300 | — | — |
| 2023 | $15,954 | $10,551 | $3,303 | — | — |
| 2022 | $18,279 | — | $18,279 | — | — |