Plan Snapshot
- Plan Sponsor: Heartland Catfish Company, INC.
- Sponsor EIN: 640784239
- Sponsor Address: 55001 HIGHWAY 82 W, ITTA BENA, MS, 38941
- Plan Type: 401(k)
- Total Participants: 360
- Total Assets: $9.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 360 | $9.3M | $190,606 | $398,672 |
| 2023 | 350 | $8.0M | $199,294 | $432,266 |
| 2022 | 286 | $7.2M | $169,033 | $407,150 |
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 |
|---|---|---|---|---|
| STEPHENS GROUP ASSET MANAGEMENT | Investment Advisor | $20,831 | — | $20,831 |
| T.E. LOTT & COMPANY, P.A. | Recordkeeper | $17,938 | — | $17,938 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $8,503 | — | $8,503 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,272
- Estimated Expense Ratio: 0.510% 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 | $52,293 | — | $52,293 | — | — |
| 2023 | $750 | $750 | — | — | — |
| 2022 | $588 | $588 | — | — | — |