# Southern Farm Bureau Life Insurance Company DB Plan
Source: https://planprovider.pro/companies/southern-farm-bureau-life-insurance-company-640283583-001

> Southern Farm Bureau Life Insurance Company's DB plan: 578 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/milliman) — 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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/southern-farm-bureau-life-insurance-company-640283583-001)

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