Plan Snapshot
- Plan Sponsor: Southern Pipe & Supply Co., INC.
- Sponsor EIN: 640291778
- Sponsor Address: 4330 HIGHWAY 39 NORTH, MERIDIAN, MS, 39301
- Plan Type: 401(k)
- Total Participants: 1,114
- Total Assets: $100.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 1,114 | $100.9M | $2.2M | $7.6M |
| 2023 | 1,078 | $86.5M | $1.9M | $7.4M |
| 2022 | 1,035 | $70.5M | $1.8M | $6.9M |
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 |
|---|---|---|---|---|
| WELLS FARGO ADVISORS | INVESTMENT ADVISORY | $172,267 | $24 | $172,291 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $154,386 | — | $154,386 |
| REGIONS BANK | INVESTMENT ADVISORY | $108,610 | $40 | $108,650 |
| HORNE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HORNE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $435,327
- Estimated Expense Ratio: 0.432% 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 | $435,263 | $280,877 | $154,386 | — | — |
| 2023 | $313,349 | $134,736 | $178,613 | — | — |
| 2022 | $322,502 | $145,737 | $176,765 | — | — |