Plan Snapshot
- Plan Sponsor: Southland Utility Services, INC.
- Sponsor EIN: 593508830
- Sponsor Address: 555 US HWY 331 N, DEFUNIAK SPRINGS, FL, 32433
- Plan Type: 401(k)
- Total Participants: 81
- Total Assets: $1.3M
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 | 81 | $1.3M | $27,713 | $89,201 |
| 2023 | 67 | $1.2M | $51,760 | $84,251 |
| 2022 | 55 | $961,098 | $47,320 | $78,903 |
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 |
|---|---|---|---|---|
| PURVIS GRAY & COMPANY, LLP | 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 | $138,362 | — | $12,704 | — | — |
| 2023 | $13,375 | $1,532 | $8,359 | — | — |
| 2022 | $12,151 | $2,237 | $9,914 | — | — |