Plan Snapshot
- Plan Sponsor: Southeast Mississippi Rural Health Initiative, INC.
- Sponsor EIN: 640625076
- Sponsor Address: 5488 U.S. HIGHWAY 49, HATTIESBURG, MS, 39403
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 265
- Total Assets: $14.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 265 | $14.8M | $465,864 | $773,543 |
| 2023 | 280 | $13.1M | $1.1M | $741,040 |
| 2022 | 213 | $10.9M | $322,187 | $533,877 |
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 |
|---|---|---|---|---|
| VARIABLE ANNUITY LIFE INSURANCE CO | Recordkeeper | $8,460 | — | $8,460 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VARIABLE ANNUITY LIFE INSURANCE CO — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,460
- Estimated Expense Ratio: 0.057% 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 | $7,120 | $6,567 | $553 | — | — |
| 2023 | $5,689 | $4,839 | $850 | — | — |
| 2022 | $4,228 | $3,887 | $341 | — | — |