Employers › Southern Bancorp
Recordkeeping fees per participant · Southern Bancorp 401(k) Retirement Savings and Employee Stock Ownership Plan · plan year 2024
$34.62
Higher than 27% of the 5,847 plans $50 to 250M that report it.
= $24,373 / 704
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251014155726NAL0006771618001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014155726NAL0006771618001, received 2025-10-14
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-14.
Administrative expenses excluding investment management, per participant
$131.13
Higher than 69% of the 8,758 plans $50 to 250M that report it.
= $92,317 / 704
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014155726NAL0006771618001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014155726NAL0006771618001, received 2025-10-14
Administrative expenses per participant
$203.25
Higher than 71% of the 9,042 plans $50 to 250M that report it.
= $143,086 / 704
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014155726NAL0006771618001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014155726NAL0006771618001, received 2025-10-14
Administrative expenses as a share of assets
0.265%
Higher than 83% of the 9,049 plans $50 to 250M that report it.
= $143,086 / $53,912,382
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014155726NAL0006771618001, received 2025-10-14
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014155726NAL0006771618001, received 2025-10-14
Employer contributions per participant
$3,353
Higher than 61% of the 9,105 plans $50 to 250M that report it.
= $2,360,795 / 704
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014155726NAL0006771618001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014155726NAL0006771618001, received 2025-10-14
Employer share of total contributions
37.1%
Higher than 71% of the 9,112 plans $50 to 250M that report it.
= $2,360,795 / $6,361,725
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014155726NAL0006771618001, received 2025-10-14
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014155726NAL0006771618001, received 2025-10-14
Plan terms are not published in public filings.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2O ESOP-related feature · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251014155726NAL0006771618001, received 2025-10-14
| Field | Value | Source |
|---|---|---|
| Plan sponsor | SOUTHERN BANCORP, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Plan name | SOUTHERN BANCORP 401(K) RETIREMENT SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Sponsor EIN / plan number | 71-0646525 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Sponsor location | LITTLE ROCK, AR | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Filing received | 2025-10-14 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Participants, beginning of year | 666 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Active participants | 569 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Participants, end of year | 707 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Participants with an account balance | 704 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Total assets, beginning of year | $45,723,093 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Total assets, end of year | $53,912,382 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Net assets, end of year | $53,912,382 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Total income | $11,162,126 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Net income | $8,189,289 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Employer contributions | $2,360,795 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Participant contributions | $3,484,308 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Other contributions (incl. rollovers) | $516,622 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Total contributions | $6,361,725 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Benefit payments | $2,829,751 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Total expenses (incl. benefit payments) | $2,972,837 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Total administrative expenses | $143,086 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Contract administrator fees | $55,291 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Recordkeeping fees | $24,373 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Investment advisory and management fees | $50,769 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Administrative expenses excluding investment management | $92,317 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Held in common/collective trusts | $25,099,083 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Held in mutual funds | $20,685,472 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251014155726NAL0006771618001, received 2025-10-14 |
| Independent auditor | HOGANTAYLOR LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251014155726NAL0006771618001, received 2025-10-14 |
Position = column in the DOL layout for form year 2024. Filing 20251014155726NAL0006771618001, received 2025-10-14.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| NEWPORT GROUP, INC.recordkeeper | RECORD-KEEPER | 15 Recordkeeping and information management; 64 Recordkeeping fees | $79,664 | yes |
| HAGAN NEWKIRK FINANCIAL SERVICES | ADVISOR | 26 Investment advisory (participants); 27 Investment advisory (plan) | $50,769 | no |
| NEWPORT TRUST COMPANY | TRUSTEE | 18 Custodial (other than securities); 24 Trustee (discretionary) | $12,653 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251014155726NAL0006771618001, received 2025-10-14.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $45,723,093 | $53,912,382 | 17.9% |
| Participants with a balance | 663 | 704 | 6.2% |
| Administrative expenses | $122,412 | $143,086 | 16.9% |
| Recordkeeping fees per participant | $30.34 | $34.62 | 14.1% |
| Employer contributions | $2,264,189 | $2,360,795 | 4.3% |
Prior filing 20241017151601NAL0053367328001, received 2024-10-17; the plan years are contiguous.
Sponsor name as filed: SOUTHERN BANCORP, INC.; SEC registrant: Southern Bancorp, Inc. (CIK 1702397, matched by EIN).