Plan Snapshot
- Plan Sponsor: Southgroup Insurance And Financial Services, LLC
- Sponsor EIN: 943419819
- Sponsor Address: 795 WOODLANDS PKWY., STE 101, RIDGELAND, MS, 39158
- Plan Type: 401(k)
- Total Participants: 104
- Total Assets: $16.9M
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 | 104 | $16.9M | $273,360 | $519,671 |
| 2023 | 108 | $15.2M | $268,466 | $524,879 |
| 2022 | 103 | $12.5M | $245,350 | $495,395 |
| 2019 | 121 | $12.8M | $0 | $0 |
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 |
|---|---|---|---|---|
| HARPER, RAINS, KNIGHT & COMPANY | 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 | $47,395 | $32,279 | $15,116 | — | — |
| 2023 | $40,882 | $26,643 | $14,239 | — | — |
| 2022 | $43,109 | $26,985 | $16,124 | — | — |
| 2019 | $1,573 | — | $185 | — | — |