Plan Snapshot
- Plan Sponsor: Midsouth Bancorporation
- Sponsor EIN: 630906823
- Sponsor Address: PO BOX 8743, DOTHAN, AL, 363048743
- Plan Type: 401(k)
- Total Participants: 108
- Total Assets: $12.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 108 | $12.0M | $359,322 | $437,170 |
| 2023 | 85 | $10.0M | $290,189 | $363,431 |
| 2022 | 83 | $8.4M | $278,051 | $348,383 |
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 |
|---|---|---|---|---|
| SALTMARSH, CLEAVELAND & GUND | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $36,933 | — | $36,933 | — | — |
| 2023 | $29,907 | — | $29,907 | — | — |
| 2022 | $31,402 | — | $31,402 | — | — |