Plan Snapshot
- Plan Sponsor: Southern Mail Service, INC.
- Sponsor EIN: 751482649
- Sponsor Address: 2505 NORTH FRAZIER, CONROE, TX, 77303
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 821
- Total Assets: $10.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 821 | $10.9M | $0 | $0 |
| 2024 | 655 | $11.3M | $2.0M | $584,323 |
| 2023 | 776 | $10.7M | $1.7M | $565,863 |
| 2022 | 762 | $10.0M | $1.7M | $547,161 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Other Service Provider | $80,839 | — | $80,839 |
| ASSURED PARTNERS CAPITAL, INC | Other Service Provider | $60,583 | — | $60,583 |
| PREMIER RETIREMENT PARTNERS LLC | Other Service Provider | $27,711 | — | $27,711 |
| EMPOWER ADVISORY GROUP, LLC | Other Service Provider | $9,305 | — | $9,305 |
| BAS PARTNERS | Other Service Provider | $7,200 | — | $7,200 |
| LEAFHOUSE FINANCIAL ADVISORS, LLC | Other Service Provider | $5,507 | — | $5,507 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $191,145
- Estimated Expense Ratio: 1.748% 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 | $3,523,576 | $75,396 | $27,711 | $7,200 | — |
| 2024 | $262,624 | $66,934 | $40,757 | — | — |
| 2023 | $226,358 | $58,998 | $34,219 | $3,200 | — |
| 2022 | $241,394 | $64,917 | — | — | $176,477 |