Plan Snapshot
- Plan Sponsor: Southern Orthopedic Associates, Sc
- Sponsor EIN: 371395805
- Sponsor Address: 510 LINCOLN DR, HERRIN, IL, 62948
- Plan Type: 401(k)
- Total Participants: 104
- Total Assets: $22.3M
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. |
|---|---|---|---|---|
| 2024 | 104 | $22.3M | $0 | $440,226 |
| 2023 | 114 | $23.3M | $612,185 | $661,348 |
| 2022 | 117 | $30.5M | $701,713 | $642,121 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $99,349 | — | $99,349 |
| MCF ADVISORS LLC | Investment Advisor | $47,711 | — | $47,711 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $147,060
- Estimated Expense Ratio: 0.658% 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 | $151,016 | $51,667 | — | — | — |
| 2023 | $112,815 | — | — | — | — |
| 2022 | $134,872 | — | — | — | — |