Plan Snapshot
- Plan Sponsor: Med-South, INC.
- Sponsor EIN: 630714407
- Sponsor Address: 406 MEDICAL CENTER DRIVE, JASPER, AL, 35501
- Plan Type: 401(k)
- Total Participants: 325
- Total Assets: $3.9M
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 | 325 | $3.9M | $134,885 | $465,818 |
| 2023 | 300 | $3.1M | $136,086 | $427,383 |
| 2022 | 295 | $2.3M | $132,273 | $417,229 |
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 COMPANY | Recordkeeper | $40,683 | — | $40,683 |
| MORGAN STANLEY GLOBAL | Investment Advisor | $17,225 | $5 | $17,230 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY GLOBAL — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,913
- Estimated Expense Ratio: 1.468% 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 | $57,908 | $17,225 | $40,683 | — | — |
| 2023 | $42,651 | $13,056 | $29,595 | — | — |
| 2022 | $33,790 | $6,168 | $23,741 | — | $3,881 |