Plan Snapshot
- Plan Sponsor: Southern States, LLC
- Sponsor EIN: 030493527
- Sponsor Address: 30 GEORGIA AVENUE, HAMPTON, GA, 30228
- Plan Type: 401(k)
- Total Participants: 236
- Total Assets: $5.1M
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 | 236 | $5.1M | $166,496 | $388,712 |
| 2023 | 209 | $4.4M | $152,724 | $358,033 |
| 2022 | 108 | $3.7M | $145,927 | $329,949 |
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 | 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 | $25,765 | $2,154 | $7,875 | — | — |
| 2023 | $28,409 | — | $28,409 | — | — |
| 2022 | $18,797 | $1,700 | $11,508 | — | $5,589 |