Plan Snapshot
- Plan Sponsor: Southern States, LLC
- Sponsor EIN: 030493527
- Sponsor Address: 30 GEORGIA AVENUE, HAMPTON, GA, 30228
- Plan Type: 401(k)
- Total Participants: 216
- Total Assets: $20.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 216 | $20.6M | $404,347 | $1.2M |
| 2023 | 202 | $17.0M | $347,688 | $1.0M |
| 2022 | 122 | $16.4M | $330,901 | $1.0M |
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 |
|---|---|---|---|---|
| SMITH & HOWARD. PC | Auditor | — | — | $0 |
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 | $80,313 | $50,323 | $15,310 | — | — |
| 2023 | $72,198 | — | $72,198 | — | — |
| 2022 | $70,904 | $42,740 | $16,310 | — | $11,854 |