Plan Snapshot
- Plan Sponsor: Southern Benefit Administrators INC.
- Sponsor EIN: 621116095
- Sponsor Address: 2001 CALDWELL DRIVE, GOODLETTSVILLE, TN, 37072
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 205
- Total Assets: $25.4M
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 | 205 | $25.4M | $768,008 | $239,426 |
| 2023 | 203 | $22.0M | $372,097 | $577,709 |
| 2022 | 188 | $18.5M | $351,358 | $533,253 |
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 |
|---|---|---|---|---|
| DANIELS IRWIN & AYLOR | Auditor | — | — | $0 |
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 | $1,500 | — | $1,500 | — | — |
| 2023 | $1,919 | — | $1,919 | — | — |
| 2022 | $2,340 | — | $2,340 | — | — |