Plan Snapshot
- Plan Sponsor: Southland Container Corp.
- Sponsor EIN: 570743504
- Sponsor Address: 60 FAIRVIEW CHURCH RD, SPARTANBURG, SC, 293035218
- Plan Type: 401(k)
- Total Participants: 320
- Total Assets: $18.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 320 | $18.6M | $277,216 | $1.1M |
| 2023 | 318 | $16.1M | $266,880 | $1.0M |
| 2022 | 303 | $13.4M | $251,125 | $954,878 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $60,402 | — | $60,402 |
| BENNETT THRASHER LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BENNETT THRASHER LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,402
- Estimated Expense Ratio: 0.325% 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 | $60,402 | — | $60,402 | — | — |
| 2023 | $59,461 | — | $59,461 | — | — |
| 2022 | $57,521 | — | $57,521 | — | — |