Plan Snapshot
- Plan Sponsor: Peoplessouth Bancshares, INC.
- Sponsor EIN: 581928833
- Sponsor Address: PO BOX 218, COLQUITT, GA, 398370218
- Plan Type: DC
- Total Participants: 146
- Total Assets: $3.9M
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 | 146 | $3.9M | $214,678 | $0 |
| 2023 | 144 | $3.6M | $372,962 | $0 |
| 2022 | 141 | $4.0M | $278,919 | $0 |
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 |
|---|---|---|---|---|
| ARGENT TRUST COMPANY | Other Service Provider | $21,616 | — | $21,616 |
| TRANSITION FINANCE STRATEGIES | Other Service Provider | $6,665 | — | $6,665 |
| HOPKINS & HOWARD | Other Service Provider | $5,600 | — | $5,600 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,881
- Estimated Expense Ratio: 0.872% 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 | $33,881 | — | — | — | — |
| 2023 | $28,805 | — | — | — | — |
| 2022 | $24,575 | — | — | — | $24,575 |