# Southern Erectors, INC. 401(k) Plan
Source: https://planprovider.pro/companies/southern-erectors-inc-401k-plan

> Southern Erectors, INC.&#39;s 401(k) plan: 119 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Southern Erectors, INC.

- **Sponsor EIN:** 591490411

- **Sponsor Address:** 6540 WEST NINE MILE RD, PENSACOLA, FL, 32526

- **Plan Type:** 401(k)

- **Total Participants:** 119

- **Total Assets:** $15.8M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **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|119|$15.8M|$170,341|$577,054|

| 2023|113|$16.7M|$456,928|$526,344|

| 2022|95|$14.7M|$463,641|$498,471|

## 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|

| SALTMARSH CPAS, INC.|Auditor|$30,500|—|$30,500|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $30,500

- **Estimated Expense Ratio:** 0.193% 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|$46,454|—|$12,300|$30,500|—|

| 2023|$11,390|—|$5,850|—|—|

| 2022|$17,831|—|$4,731|—|$13,100|

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