Plan Snapshot
- Plan Sponsor: South Plains Implement, Ltd
- Sponsor EIN: 752959950
- Sponsor Address: PO BOX 7190, SHAWNEE MISSION, KS, 66207
- Plan Type: 401(k)
- Total Participants: 341
- Total Assets: $34.4M
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. |
|---|---|---|---|---|
| 2024 | 341 | $34.4M | $911,545 | $2.0M |
| 2023 | 387 | $28.9M | $913,728 | $2.0M |
| 2022 | 319 | $20.1M | $602,304 | $1.3M |
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 |
|---|---|---|---|---|
| EQUIPMENT DEALER CONSULTING, LLC | Auditor | — | — | $0 |
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 | $51,395 | — | $51,395 | — | — |
| 2023 | $73,542 | — | $73,542 | — | — |
| 2022 | $17,021 | — | $17,021 | — | — |