Plan Snapshot
- Plan Sponsor: Peoples Financial Corporation
- Sponsor EIN: 640709834
- Sponsor Address: 152 LAMEUSE STREET, BILOXI, MS, 395304214
- Plan Type: 401(k)
- Plan Number: 004
- Total Participants: 152
- Total Assets: $26.4M
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. |
|---|---|---|---|---|
| 2025 | 152 | $26.4M | $0 | $0 |
| 2024 | 127 | $25.8M | $241,876 | $477,682 |
| 2023 | 133 | $24.9M | $260,538 | $523,427 |
| 2022 | 128 | $22.6M | $259,971 | $526,417 |
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 | $41,566 | — | $41,566 |
| INTELLICENTS INVESTMENT SOLUTIONS | Investment Advisor | $23,230 | $10 | $23,240 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $64,806
- Estimated Expense Ratio: 0.246% 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 |
|---|---|---|---|---|---|
| 2025 | $2,825,863 | $23,230 | $41,566 | — | — |
| 2024 | $65,816 | $22,344 | $41,973 | — | — |
| 2023 | $44,324 | $4,997 | $37,828 | — | — |
| 2022 | $50,449 | $4,997 | $43,953 | — | $1,499 |