# Peoplessouth Bancshares, INC. 401(k) Plan
Source: https://planprovider.pro/companies/peoplessouth-bancshares-inc-401k-plan

> Peoplessouth Bancshares, INC.'s 401(k) plan: 206 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Peoplessouth Bancshares, INC.

- **Sponsor EIN:** 581928833

- **Sponsor Address:** P.O. BOX 218, COLQUITT, GA, 31737

- **Plan Type:** 401(k)

- **Total Participants:** 206

- **Total Assets:** $7.0M

## 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|206|$7.0M|$251,317|$412,919|

| 2023|190|$6.2M|$281,614|$396,446|

| 2022|190|$6.3M|$256,627|$334,283|

## 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|

| DRAFFIN & TUCKER, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [DRAFFIN & TUCKER, LLP](https://planprovider.pro/provider/draffin-and-tucker) — Auditor

## 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|$18,774|—|—|—|—|

| 2023|$19,587|—|—|—|—|

| 2022|$17,658|—|$17,658|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/peoplessouth-bancshares-inc-401k-plan)

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