Plan Snapshot
- Plan Sponsor: Southern Farm Bureau Life Insurance Company
- Sponsor EIN: 640283583
- Sponsor Address: 1401 LIVINGSTON LANE, JACKSON, MS, 392138098
- Plan Type: DB
- Plan Number: 001
- Total Participants: 578
- Total Assets: $222.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 578 | $222.3M | $0 | $0 |
| 2023 | 571 | $229.9M | $0 | $0 |
| 2022 | 554 | $247.4M | $12.8M | $0 |
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 |
|---|---|---|---|---|
| NEW ENGLAND PENSION CONSULTANTS | Recordkeeper | $163,227 | — | $163,227 |
| METROPOLITAN WEST ASSET MGMT, LLC | Investment Advisor | $138,952 | — | $138,952 |
| THE NORTHERN TRUST COMPANY | Custodian / Trustee | $43,785 | — | $43,785 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NEW ENGLAND PENSION CONSULTANTS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $345,964
- Estimated Expense Ratio: 0.156% 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 | $680,099 | $539,785 | — | — | — |
| 2023 | $641,467 | $522,696 | — | — | — |
| 2022 | $575,449 | $464,581 | — | — | $2,000 |