# Midsouth Bancorporation 401(k) Plan
Source: https://planprovider.pro/companies/midsouth-bancorporation-401k-plan

> Midsouth Bancorporation&#39;s 401(k) plan: 108 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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