Retirement plan

SUNSOUTH LLC 401(K) PLAN

Name: SUNSOUTH LLC - SUNSOUTH LLC 401(K) PLAN (2020) Form 5500
Creator: SUNSOUTH LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUNSOUTH LLC 401(K) PLAN, SUNSOUTH LLC

SUNSOUTH LLCEIN 20-4736728Plan #001PY 2020

4100 HARTFORD HWY - DOTHAN, AL 36305334-678-7861sunsouth.comLinkedIn201-500 employeesfarming

Prospect flagsLow returnsLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$16.9M

+7.3% from 2019

Total participants

546

+12.3% from 2019

Average account balance

$32,085

-5.1% from 2019

Annual return

9.44%

-9.84 pp from 2019

Benchmarks

See 1,266 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,266 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$21.64M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$41K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

527

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

95.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.90%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$239

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE6+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$44,323
CAPSOUTH PARTNERS5 years Service code 27 2216 WEST MAIN STREET · DOTHAN, AL 36301	Advisory (Plan)	$34,618
SMITH, DUKES & BUCKALEW, LLP5 years Filed as: SMITH, DUKES & BUCKALEW LLP Service code 10 3800 AIRPORT BLVD STE 101 · MOBILE, AL 36608	Accounting	$10,000

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$89K

$201 / participant

Contract admin$89K100.0%

% of EOY assets

0.526%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SMITH, DUKES & BUCKALEW, LLP.
Auditor EIN: 630191630
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,085

$78,419-59.1%

$133,978-76.1%

$73,412-56.3%

Participation rate

95.7%

78.6%+17.1pp

79.8%+15.9pp

72.2%+23.5pp

Annual return

9.44%

33.35%-23.9pp

45.10%-35.7pp

59.30%-49.9pp

Employer contribution / active EE

$1,208

$2,044-40.9%

$3,919-69.2%

$2,234-45.9%

Participant deferral / active EE

$3,118

$3,925-20.6%

$5,047-38.2%

$3,806-18.1%

Admin fee / account holder

$169

$161+4.6%

$8,930-98.1%

$158+6.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE6+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$44,323

CAPSOUTH PARTNERS5 years

Service code 27

2216 WEST MAIN STREET · DOTHAN, AL 36301

Advisory (Plan)

$34,618

SMITH, DUKES & BUCKALEW, LLP5 years

Filed as: SMITH, DUKES & BUCKALEW LLP

Service code 10

3800 AIRPORT BLVD STE 101 · MOBILE, AL 36608

Accounting

$10,000

SUNSOUTH LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUNSOUTH LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion