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: 502
- Total Participants: 504
- Total Assets: $1.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 504 | $1.2M | $7.1M | $2.6M |
| 2023 | 535 | $1.6M | $6.7M | $2.6M |
| 2022 | 598 | $1.6M | $6.9M | $2.9M |
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 |
|---|---|---|---|---|
| ANTHEM HEALTH PLANS OF VIRGINIA DBA | Investment Advisor | $159,611 | — | $159,611 |
| MERCER HEALTH & BENEFITS LLC | Other Service Provider | $99,142 | — | $99,142 |
| CASTLIGHT HEALTH INC. | Recordkeeper | $36,489 | — | $36,489 |
| PERSONIFY | Other Service Provider | $27,022 | — | $27,022 |
| WEX HEALTH INC. | Recordkeeper | $10,143 | — | $10,143 |
| WELLS FARGO BANK, N.A. | Custodian / Trustee | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ANTHEM HEALTH PLANS OF VIRGINIA DBA — Investment Advisor
- WEX HEALTH INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $337,407
- Estimated Expense Ratio: 27.285% 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 | $185,132 | — | — | — | — |
| 2023 | $654,672 | — | — | — | — |
| 2022 | $295,557 | — | — | — | — |