# Southern Auto Sales, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/southern-auto-sales-inc-060705740-501

> Southern Auto Sales, INC.'s Health & Welfare plan: 174 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Southern Auto Sales, INC.

- **Sponsor EIN:** 060705740

- **Sponsor Address:** PO BOX 388, EAST WINDSOR, CT, 06088

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 174

- **Total Assets:** $177,785

## 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.|

| 2024|174|$177,785|$1.3M|$310,042|

| 2023|110|$133,196|$899,807|$294,929|

| 2022|106|$53,321|$1.0M|$340,841|

## 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|

| AETNA LIFE INSURANCE COMPANY|Recordkeeper|$101,775|—|$101,775|

| BOBROW & COMPANY, P.C.|Auditor|$35,000|—|$35,000|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BOBROW & COMPANY, P.C.](https://planprovider.pro/provider/bobrow-and-company-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $136,775

- **Estimated Expense Ratio:** 76.933% 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|$136,394|—|$101,394|$35,000|—|

| 2023|$113,558|—|$79,808|$33,000|—|

| 2022|$118,802|—|$88,802|—|$30,000|

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