Plan Snapshot
- Plan Sponsor: South Central Annuity Fund
- Sponsor EIN: 352409603
- Sponsor Address: 8441 GULF FREEWAY #304, HOUSTON, TX, 770175066
- Plan Type: DC
- Plan Number: 001
- Total Participants: 9,320
- Total Assets: $141.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 9,320 | $141.5M | $15.3M | $0 |
| 2023 | 8,884 | $129.0M | $12.8M | $0 |
| 2022 | 8,750 | $107.4M | $13.4M | $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 |
|---|---|---|---|---|
| STEVENS VALUATION SERVICES | Other Service Provider | $349,174 | — | $349,174 |
| HARPER AND PEARSON | Auditor | $167,500 | — | $167,500 |
| BENEFIT RESOURCES INC | Recordkeeper | $134,333 | — | $134,333 |
| RBC CAPITAL MARKETS | Investment Advisor | $133,320 | — | $133,320 |
| CONNER & WINTERS | ERISA Attorney | $67,855 | — | $67,855 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HARPER AND PEARSON — Auditor
- RBC CAPITAL MARKETS — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $852,182
- Estimated Expense Ratio: 0.602% 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 | $872,087 | $133,320 | $134,333 | $167,500 | — |
| 2023 | $757,676 | $130,922 | $125,560 | $77,700 | — |
| 2022 | $659,997 | $58,623 | $454,569 | — | $128,841 |