# United Southern Bank 401(k) Plan
Source: https://planprovider.pro/companies/united-southern-bank-401k-plan-001-9540

> United Southern Bank's 401(k) plan: 153 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** United Southern Bank

- **Sponsor EIN:** 590489540

- **Sponsor Address:** 750 NORTH CENTRAL AVENUE, UMATILLA, FL, 32784

- **Plan Type:** 401(k)

- **Total Participants:** 153

- **Total Assets:** $21.2M

## 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|153|$21.2M|$381,032|$656,430|

| 2023|155|$17.4M|$379,947|$633,714|

| 2022|151|$16.5M|$349,199|$651,821|

## 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|

| SALTMARSH CPAS, INC.|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|$3,106|—|—|—|—|

| 2023|$2,946|—|—|—|—|

| 2022|$2,556|—|$2,556|—|—|

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