Plan Snapshot
- Plan Sponsor: Southern Multifoods, LLC
- Sponsor EIN: 751519090
- Sponsor Address: 101 E. CHEROKEE STREET, JACKSONVILLE, TX, 75766
- Plan Type: 401(k)
- Total Participants: 969
- Total Assets: $12.6M
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 | 969 | $12.6M | $433,795 | $763,935 |
| 2023 | 803 | $10.8M | $407,008 | $727,346 |
| 2022 | 809 | $8.5M | $410,915 | $707,877 |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $7,772 | — | $7,772 |
| HEARD, MCELROY, & VESTAL, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,772
- Estimated Expense Ratio: 0.062% 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 |
|---|---|---|---|---|---|
| 2024 | $9,691 | $1,919 | — | — | — |
| 2023 | $11,555 | $1,858 | — | — | — |
| 2022 | $8,755 | $1,835 | — | — | — |