Plan Snapshot
- Plan Sponsor: Southern Mississippi Planning And Development District
- Sponsor EIN: 640441554
- Sponsor Address: 10441 CORPORATE DRIVE, SUITE 1, GULFPORT, MS, 39503
- Plan Type: 403(b)
- Total Participants: 142
- Total Assets: $3.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 142 | $3.8M | $141,133 | $354,148 |
| 2023 | 126 | $3.8M | $137,629 | $393,797 |
| 2022 | 128 | $3.0M | $133,162 | $333,919 |
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 |
|---|---|---|---|---|
| TMH | 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 | $2,199 | — | $2,199 | — | — |
| 2023 | $1,559 | — | $1,559 | — | — |
| 2022 | $1,030 | — | $1,030 | — | — |