Plan Snapshot
- Plan Sponsor: Southern States Cooperative, INC.
- Sponsor EIN: 540387200
- Sponsor Address: 6606 WEST BROAD STREET, RICHMOND, VA, 23230
- Plan Type: 401(k)
- Plan Number: 334
- Total Participants: 2,394
- Total Assets: $231.1M
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. |
|---|---|---|---|---|
| 2025 | 2,394 | $231.1M | $0 | $0 |
| 2024 | 1,609 | $226.6M | $3.4M | $5.6M |
| 2023 | 1,537 | $222.1M | $3.4M | $5.8M |
| 2022 | 1,645 | $211.6M | $2.8M | $5.5M |
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 | $212,809 | — | $212,809 |
| MERCER INVESTMENTS LLC | Investment Advisor | $178,881 | — | $178,881 |
| CLIFTONLARSONALLEN LLP | Auditor | $17,996 | — | $17,996 |
| FORVIS MAZARS | Auditor | $9,167 | — | $9,167 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $418,853
- Estimated Expense Ratio: 0.181% 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 |
|---|---|---|---|---|---|
| 2025 | $21,420,390 | $178,881 | — | $27,163 | — |
| 2024 | $479,773 | — | — | $22,350 | — |
| 2023 | $250,272 | $83,354 | $300 | — | — |
| 2022 | $114,935 | — | — | — | — |