Plan Snapshot
- Plan Sponsor: Southern Motion, INC.
- Sponsor EIN: 640878218
- Sponsor Address: P.O. BOX 1064, PONOTOC, MS, 38863
- Plan Type: 401(k)
- Total Participants: 2,004
- Total Assets: $7.5M
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. |
|---|---|---|---|---|
| 2024 | 2,004 | $7.5M | $5,203 | $720,380 |
| 2023 | 1,445 | $7.3M | $0 | $786,999 |
| 2022 | 1,366 | $6.8M | $194,842 | $902,991 |
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 |
|---|---|---|---|---|
| NAIL MCKINNEY P.A. | 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 | $77,304 | $20,683 | $300 | — | — |
| 2023 | $80,515 | $18,907 | — | $12,500 | — |
| 2022 | $98,539 | $1,186 | — | — | — |