Plan Snapshot
- Plan Sponsor: Southern Mississippi Planning And Development District
- Sponsor EIN: 640441554
- Sponsor Address: 10441 CORPORATE DRIVE, GULFPORT, MS, 39503
- Plan Type: DC
- Plan Number: 002
- Total Participants: 250
- Total Assets: $12.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 250 | $12.9M | $0 | $0 |
| 2024 | 158 | $11.3M | $880,987 | $0 |
| 2023 | 143 | $10.2M | $820,867 | $0 |
| 2022 | 147 | $8.6M | $778,851 | $0 |
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 |
|---|---|---|---|---|---|
| 2025 | $611,524 | — | $4,643 | — | — |
| 2024 | $3,332 | — | $3,332 | — | — |
| 2023 | $1,966 | — | $1,966 | — | — |
| 2022 | $1,406 | — | $1,406 | — | — |