Plan Snapshot
- Plan Sponsor: Southern Power Systems, INC
- Sponsor EIN: 721273495
- Sponsor Address: 8501 JOOR ROAD, BATON ROUGE, LA, 70818
- Plan Type: 401(k)
- Total Participants: 110
- Total Assets: $10.5M
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 | 110 | $10.5M | $440,980 | $453,136 |
| 2023 | 109 | $8.9M | $538,653 | $766,203 |
| 2022 | 98 | $6.8M | $566,379 | $647,729 |
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 |
|---|---|---|---|---|
| KUSHNER LAGRAIZE, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KUSHNER LAGRAIZE, LLC — Auditor
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 | $55,052 | $4,923 | $2,000 | — | — |
| 2023 | $44,119 | $3,739 | $40,380 | — | — |
| 2022 | $39,296 | — | — | — | $39,296 |