Plan Snapshot
- Plan Sponsor: Southern Finishing Co., INC.
- Sponsor EIN: 561208143
- Sponsor Address: PO BOX 888, STONEVILLE, NC, 27048
- Plan Type: 401(k)
- Total Participants: 370
- Total Assets: $4.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 370 | $4.8M | $106,456 | $264,175 |
| 2023 | 395 | $4.4M | $107,966 | $259,505 |
| 2022 | 354 | $3.8M | $113,049 | $273,043 |
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 |
|---|---|---|---|---|
| BRESLOW, STARLING PLLC | 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 | $29,537 | — | $29,537 | — | — |
| 2023 | $26,161 | — | $26,161 | — | — |
| 2022 | $24,455 | — | $24,455 | — | — |