# Southgroup Insurance And Financial Services, LLC 401(k) Plan
Source: https://planprovider.pro/companies/southgroup-insurance-and-financial-services-llc-401k-plan

> Southgroup Insurance And Financial Services, LLC's 401(k) plan: 104 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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