Plan Snapshot
- Plan Sponsor: Southern Ionics Incorporated
- Sponsor EIN: 630800759
- Sponsor Address: P.O. BOX 1217, WEST POINT, MS, 39773
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 394
- Total Assets: $90.1M
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. |
|---|---|---|---|---|
| 2025 | 394 | $90.1M | $0 | $0 |
| 2024 | 346 | $78.1M | $1.9M | $3.0M |
| 2023 | 323 | $65.4M | $1.8M | $2.8M |
| 2022 | 320 | $54.7M | $1.6M | $2.5M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISERS LLC | Investment Advisor | $64,026 | — | $64,026 |
| BALLEW ADVISORS | Investment Advisor | $45,000 | — | $45,000 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $44,045 | — | $44,045 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $153,071
- Estimated Expense Ratio: 0.170% 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 |
|---|---|---|---|---|---|
| 2025 | $6,161,013 | $109,026 | — | — | — |
| 2024 | $54,463 | $57,666 | $300 | — | — |
| 2023 | $21,713 | $40,763 | $600 | — | — |
| 2022 | $24,680 | $44,242 | — | — | — |