Plan Snapshot
- Plan Sponsor: State Bank Of Southern Utah
- Sponsor EIN: 870234702
- Sponsor Address: 377 N. MAIN STREET, CEDAR CITY, UT, 84720
- Plan Type: 401(k)
- Total Participants: 310
- Total Assets: $34.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 310 | $34.9M | $1.2M | $1.7M |
| 2023 | 290 | $28.4M | $1.1M | $1.5M |
| 2022 | 287 | $23.6M | $999,650 | $1.4M |
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 |
|---|---|---|---|---|
| HINTON BURDICK, PLLC | 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 | $3,925 | $6,540 | — | — | — |
| 2023 | $8,497 | $7,620 | — | — | — |
| 2022 | $17,875 | $6,527 | — | — | — |