Plan Snapshot
- Plan Sponsor: Sunsouth LLC
- Sponsor EIN: 204736728
- Sponsor Address: 4100 HARTFORD HWY, DOTHAN, AL, 36305
- Plan Type: 401(k)
- Total Participants: 416
- Total Assets: $21.6M
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 | 416 | $21.6M | $584,670 | $1.5M |
| 2023 | 422 | $19.3M | $576,155 | $1.6M |
| 2022 | 439 | $16.7M | $600,035 | $1.6M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $66,610 | — | $66,610 |
| CAPSOUTH PARTNERS | INVESTMENT ADVISOR | $49,486 | — | $49,486 |
| MCDANIEL & ASSOCIATES, PC | AUDITOR | $10,000 | — | $10,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $126,096
- Estimated Expense Ratio: 0.583% 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 | $126,096 | $49,486 | — | $10,000 | — |
| 2023 | $109,613 | $42,979 | — | $10,000 | — |
| 2022 | $108,043 | — | $108,043 | — | — |