# Southern Bank 401(k) Plan
Source: https://planprovider.pro/companies/southern-bank-430462350-001

> Southern Bank's 401(k) plan: 553 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Southern Bank

- **Sponsor EIN:** 430462350

- **Sponsor Address:** 2991 OAK GROVE ROAD, POPLAR BLUFF, MO, 63901

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

- **Plan Number:** 001

- **Total Participants:** 553

- **Total Assets:** $70.4M

## 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|553|$70.4M|$2.5M|$2.1M|

| 2023|526|$57.6M|$2.5M|$2.0M|

| 2022|502|$47.6M|$2.0M|$1.6M|

## 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|

| CAPITAL GROUP RETIREMENT PLAN SVCS.|Recordkeeper|$9,676|—|$9,676|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $9,676

- **Estimated Expense Ratio:** 0.014% 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|$9,676|—|—|—|—|

| 2023|$8,388|—|—|—|—|

| 2022|$7,131|—|$7,131|—|—|

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