Plan Snapshot
- Plan Sponsor: Southern Bancorp, INC.
- Sponsor EIN: 710646525
- Sponsor Address: 400 HARDIN RD, LITTLE ROCK, AR, 72211
- Plan Type: 401(k)
- Total Participants: 569
- Total Assets: $53.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 569 | $53.9M | $2.4M | $3.5M |
| 2023 | 540 | $45.7M | $2.3M | $2.9M |
| 2022 | 489 | $38.6M | $1.8M | $2.4M |
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 |
|---|---|---|---|---|
| HOGANTAYLOR LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HOGANTAYLOR LLP — Auditor
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 | $143,086 | $50,769 | $55,291 | — | — |
| 2023 | $122,412 | $43,133 | $48,822 | — | — |
| 2022 | $131,227 | $47,233 | $74,284 | — | $9,710 |