# Southern Pipe & Supply Co., INC. 401(k) Plan
Source: https://planprovider.pro/companies/southern-pipe-supply-co-inc-401k-plan

> Southern Pipe & Supply Co., INC.'s 401(k) plan: 1,114 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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