Plan Snapshot
- Plan Sponsor: Southern Air, Incorporated
- Sponsor EIN: 540604377
- Sponsor Address: ROBERT W. BURRILL, JR., CFO, LYNCHBURG, VA, 24502
- Plan Type: 401(k)
- Plan Number: 506
- Total Participants: 850
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 850 | $0 | $0 | $0 |
| 2024 | 767 | $0 | $0 | $0 |
| 2023 | 748 | $0 | $0 | $0 |
| 2022 | 769 | $0 | $0 | $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 |
|---|---|---|---|---|
| ALLEGIANCE BENEFIT PLAN MANAGEMENT | Recordkeeper | $167,488 | $3,794 | $171,282 |
| DELTA DENTAL OF VIRGINIA | Recordkeeper | $31,224 | — | $31,224 |
| ALLEGIANCE CARE MANAGEMENT, INC. | Recordkeeper | $18,592 | — | $18,592 |
| MATRIX ABSENCE MANAGEMENT, INC. | Other Service Provider | $11,416 | — | $11,416 |
| ALLEGIANCE COBRA SERVICES, INC. | Recordkeeper | $10,210 | — | $10,210 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $242,724
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 |
|---|---|---|---|---|---|
| 2025 | — | — | — | — | — |
| 2024 | — | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |