Plan Snapshot
- Plan Sponsor: Teksouth Corporation
- Sponsor EIN: 630847337
- Sponsor Address: 1420 NORTHBROOK DRIVE, GARDENDALE, AL, 35071
- Plan Type: 401(k)
- Total Participants: 175
- Total Assets: $17.4M
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 | 175 | $17.4M | $205,235 | $1.3M |
| 2023 | 151 | $14.5M | $183,929 | $1.1M |
| 2022 | 131 | $12.6M | $175,721 | $972,927 |
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 |
|---|---|---|---|---|
| INTEROCEAN CAPITAL GROUP LLC | INVESTMENT ADVISORY | $39,404 | — | $39,404 |
| PCS | RECORDKEEPER | $15,938 | — | $15,938 |
| TILL, HESTER, EYER & BROWN PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PCS — RECORDKEEPER
- TILL, HESTER, EYER & BROWN PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,342
- Estimated Expense Ratio: 0.318% 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 | $66,467 | $50,529 | $15,938 | — | — |
| 2023 | $73,894 | $54,246 | $19,648 | — | — |
| 2022 | $80,879 | — | $80,879 | — | — |