Plan Snapshot
- Plan Sponsor: Southern Development & Constructions, INC
- Sponsor EIN: 593249904
- Sponsor Address: 2544 CONNECTION POINT, OVIEDO, FL, 32765
- Plan Type: 401(k)
- Total Participants: 380
- Total Assets: $3.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 380 | $3.9M | $495,163 | $758,548 |
| 2023 | 386 | $2.7M | $456,857 | $601,138 |
| 2022 | 292 | $1.8M | $314,421 | $420,176 |
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 |
|---|---|---|---|---|
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, 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 | $24,277 | $5,673 | — | — | — |
| 2023 | $30,265 | $5,450 | — | — | — |
| 2022 | $21,560 | $3,275 | — | — | $18,285 |