Plan Snapshot
- Plan Sponsor: Southern Development Resources, LLC
- Sponsor EIN: 640900779
- Sponsor Address: 3688 VETERANS MEMORIAL DRIVE, HATTIESBURG, MS, 39401
- Plan Type: 401(k)
- Total Participants: 289
- Total Assets: $35.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 289 | $35.4M | $1.2M | $909,992 |
| 2023 | 212 | $33.0M | $1.2M | $837,643 |
| 2022 | 203 | $29.5M | $1.2M | $848,891 |
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 |
|---|---|---|---|---|
| T.E. LOTT & COMPANY | 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 | $148,546 | $75,321 | $71,645 | — | — |
| 2023 | $128,472 | $63,748 | $64,724 | — | — |
| 2022 | $114,269 | $47,299 | $63,370 | — | — |