# South Plains Implement, Ltd 401(k) Plan
Source: https://planprovider.pro/companies/south-plains-implement-ltd-401k-plan

> South Plains Implement, Ltd&#39;s 401(k) plan: 341 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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