Employers › SouthState Bank National Association
Recordkeeping fees per participant · Southstate Bank 401(k) Retirement Savings Plan · plan year 2024
$56.18
Higher than 59% of the 1,697 plans $250M to 1B that report it.
= $339,355 / 6,041
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250708160843NAL0011613218001, received 2025-07-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250708160843NAL0011613218001, received 2025-07-08
Percentiles compare this plan with the Schedule H plans $250M to 1B 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 2025-07-08.
Administrative expenses excluding investment management, per participant
$56.42
Higher than 39% of the 2,324 plans $250M to 1B that report it.
= $340,855 / 6,041
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250708160843NAL0011613218001, received 2025-07-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250708160843NAL0011613218001, received 2025-07-08
Administrative expenses per participant
$56.42
Higher than 25% of the 2,405 plans $250M to 1B that report it.
= $340,855 / 6,041
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250708160843NAL0011613218001, received 2025-07-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250708160843NAL0011613218001, received 2025-07-08
Administrative expenses as a share of assets
0.054%
Higher than 36% of the 2,407 plans $250M to 1B that report it.
= $340,855 / $628,579,409
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250708160843NAL0011613218001, received 2025-07-08
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250708160843NAL0011613218001, received 2025-07-08
Employer contributions per participant
$2,807
Higher than 44% of the 2,457 plans $250M to 1B that report it.
= $16,956,221 / 6,041
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250708160843NAL0011613218001, received 2025-07-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250708160843NAL0011613218001, received 2025-07-08
Employer share of total contributions
29.3%
Higher than 44% of the 2,459 plans $250M to 1B that report it.
= $16,956,221 / $57,850,748
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250708160843NAL0011613218001, received 2025-07-08
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250708160843NAL0011613218001, received 2025-07-08
Plan terms are not published in public filings.
2J 401(k) feature · 2E profit-sharing · 3H controlled-group sponsor · 2F ERISA 404(c) plan · 2G fully participant-directed · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250708160843NAL0011613218001, received 2025-07-08
| Field | Value | Source |
|---|---|---|
| Plan sponsor | SOUTHSTATE BANK, N.A. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Plan name | SOUTHSTATE BANK 401(K) RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Sponsor EIN / plan number | 59-2979916 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Sponsor location | SOUTH WINTER HAVEN, FL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Industry (business code) | 522120, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Filing received | 2025-07-08 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Participants, beginning of year | 6,380 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Active participants | 5,303 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Participants, end of year | 6,369 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Participants with an account balance | 6,041 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Total assets, beginning of year | $548,689,984 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Total assets, end of year | $628,579,409 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Net assets, end of year | $628,579,409 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Total income | $131,760,816 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Net income | $79,889,425 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Employer contributions | $16,956,221 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Participant contributions | $34,532,394 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Other contributions (incl. rollovers) | $6,362,133 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Total contributions | $57,850,748 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Benefit payments | $51,484,819 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Total expenses (incl. benefit payments) | $51,871,391 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Total administrative expenses | $340,855 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Contract administrator fees | $1,500 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Recordkeeping fees | $339,355 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Investment advisory and management fees | $0 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Administrative expenses excluding investment management | $340,855 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Held in common/collective trusts | $30,251,507 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Held in mutual funds | $562,593,032 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250708160843NAL0011613218001, received 2025-07-08 |
| Independent auditor | ERNST & YOUNG | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250708160843NAL0011613218001, received 2025-07-08 |
Position = column in the DOL layout for form year 2024. Filing 20250708160843NAL0011613218001, received 2025-07-08.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $340,816 | 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 20250708160843NAL0011613218001, received 2025-07-08.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $548,689,984 | $628,579,409 | 14.6% |
| Participants with a balance | 6,061 | 6,041 | -0.3% |
| Administrative expenses | $363,095 | $340,855 | -6.1% |
| Recordkeeping fees per participant | $59.81 | $56.18 | -6.1% |
| Employer contributions | $16,286,553 | $16,956,221 | 4.1% |
Prior filing 20240719145223NAL0004000739001, received 2024-07-19; the plan years are contiguous.
Sponsor name as filed: SOUTHSTATE BANK, N.A.; SEC registrant: SouthState Bank, National Association (CIK 1820717, matched by EIN).