Plan Snapshot
- Plan Sponsor: Southern Medical Technologies LLC
- Sponsor EIN: 842686774
- Sponsor Address: 1821 27TH AVE S, HOMEWOOD, AL, 35209
- Plan Type: 401(k)
- Total Participants: 99
- Total Assets: $4.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2024 | 99 | $4.9M | $295,276 | $543,733 |
| 2023 | 91 | $3.8M | $222,644 | $445,705 |
| 2022 | 85 | $2.8M | $186,899 | $389,726 |
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 |
|---|---|---|---|---|
| THE HIGHLANDS ACCOUNTING GROUP, INC | 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 | $11,000 | $10,000 | — | — | — |
| 2023 | $10,700 | $10,000 | — | — | — |
| 2022 | $102,985 | — | $10,700 | — | — |