# Mississippi Bankers Association Health & Welfare Plan
Source: https://planprovider.pro/companies/mississippi-bankers-association-640204860-501

> Mississippi Bankers Association's Health & Welfare plan: 2,710 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Mississippi Bankers Association

- **Sponsor EIN:** 640204860

- **Sponsor Address:** P.O. BOX 37, JACKSON, MS, 39205

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 2,710

- **Total Assets:** $14.7M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|2,710|$14.7M|$20.5M|$6.9M|

| 2023|2,483|$14.6M|$18.5M|$5.7M|

| 2022|2,520|$15.5M|$18.4M|$6.2M|

## 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|

| BLUE CROSS BLUE SHEILD|Other Service Provider|$3,661,083|—|$3,661,083|

| MS BANKERS ASSOCIATION|Other Service Provider|$204,700|—|$204,700|

| IOWA BANKERS INSURANCE SERVICE|Other Service Provider|$36,000|—|$36,000|

| HARPER RAINS KINIGHT & C0|Auditor|$31,907|—|$31,907|

| CORBIN BIGGS|Other Service Provider|$9,601|—|$9,601|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $3,943,291

- **Estimated Expense Ratio:** 26.763% 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|$4,115,251|—|$3,661,083|—|—|

| 2023|$3,657,769|—|$3,249,645|—|—|

| 2022|$3,609,915|—|$3,262,966|—|—|

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