# Southern Development Resources, LLC 401(k) Plan
Source: https://planprovider.pro/companies/southern-development-resources-llc-plan-001

> Southern Development Resources, LLC's 401(k) plan: 289 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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