Plan Snapshot
- Plan Sponsor: Southern Farm Bureau Casualty Insurance Company
- Sponsor EIN: 640288243
- Sponsor Address: 1800 EAST COUNTY LINE RD, RIDGELAND, MS, 39157
- Plan Type: 401(k)
- Total Participants: 2,710
- Total Assets: $528.3M
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 | 2,710 | $528.3M | $8.2M | $15.8M |
| 2023 | 2,718 | $476.9M | $7.9M | $15.0M |
| 2022 | 2,641 | $432.7M | $7.5M | $14.5M |
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 |
|---|---|---|---|---|
| HARPER, RAINS, KNIGHT & 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 | $236,407 | — | $236,407 | — | — |
| 2023 | $233,671 | — | $233,671 | — | — |
| 2022 | $230,327 | — | $230,327 | — | — |