# First Southern Bancorp INC 401(k) Plan
Source: https://planprovider.pro/companies/first-southern-bancorp-inc-401k-plan

> First Southern Bancorp INC's 401(k) plan: 240 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/jp-morgan-asset-management) — Other Service Provider

- [KERBER, ECK & BRAECKEL LLP](https://planprovider.pro/provider/kerber-eck-and-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|—|—|

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