# Southern Bank And Trust Company DC Plan
Source: https://planprovider.pro/companies/southern-bank-and-trust-company-plan-003

> Southern Bank And Trust Company's DC plan: 466 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 And Trust Company

- **Sponsor EIN:** 560132260

- **Sponsor Address:** 116 EAST MAIN STREET, MOUNT OLIVE, NC, 28365

- **Plan Type:** DC

- **Total Participants:** 466

- **Total Assets:** $43.7M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|466|$43.7M|$2.6M|$2.8M|

| 2023|460|$36.5M|$2.5M|$2.6M|

| 2022|441|$28.2M|$2.3M|$2.5M|

## 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|

| NEWPORT GROUP, INC.|RECORDKEEPER|$47,766|—|$47,766|

| FORVIS MAZARS, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [FORVIS MAZARS, LLP](https://planprovider.pro/provider/forvis-mazars-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $47,766

- **Estimated Expense Ratio:** 0.109% 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|$47,766|—|$33,206|—|—|

| 2023|$37,112|—|$28,648|—|—|

| 2022|$40,133|—|$40,133|—|—|

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