# Southco Distributing Company 401(k) Plan
Source: https://planprovider.pro/companies/southco-distributing-company-401k-plan

> Southco Distributing Company's 401(k) plan: 288 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Southco Distributing Company

- **Sponsor EIN:** 561295080

- **Sponsor Address:** 2201 S. JOHN ST., GOLDSBORO, NC, 27530

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

- **Total Participants:** 288

- **Total Assets:** $9.7M

## 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|288|$9.7M|$434,040|$588,587|

| 2023|189|$8.8M|$401,375|$507,503|

| 2022|157|$7.7M|$2,323|$453,776|

## 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|

| CARR, RIGGS & INGRAM, P.L.L.C.|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|$5,190|—|—|—|—|

| 2023|$4,749|—|—|—|—|

| 2022|$4,574|—|—|—|—|

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