Southern Motion, Inc. 401(K) Plan — Form 5500 plan (Southern Motion, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Southern Motion, Inc. 401(K) Plan is a benefit plan reported by Southern Motion, Inc. under EIN 64-0878218 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,439 participants and $7,283,740 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$7.3MPlan net assets, end of year$7,283,740
Participants1.4KCovered participants reported1,439
Assets / participant$5.1KComputed: assets ÷ participants$5,062 (computed)
Provider compensation$76K3 Schedule C provider row(s)$76,028
- Plan sponsor
- Southern Motion, Inc.
- EIN
- 64-0878218
- Plan number
- 001
- Plan type
- 2
- Location
- Ponotoc, MS
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,439 | H, C | 20241007203832NAL0031914738001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$7.3M total assets
Net assets$7.3MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $7,283,740
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,283,740
- Net assets (BOY)
- $6,782,459
Income & contributions
- Employer contributions
- $0
- Participant contributions
- $786,999
- Total contributions
- $854,300
- Total income / additions
- $1,869,181
Expenses & distributions
- Benefits paid
- $1,225,515
- Administrative expenses
- $80,515
- Total expenses
- $1,367,900
- Net increase / (decrease)
- $501,281
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
100%
Employer 0%Participant 100%
Total expenses ÷ net assets19%Computed ratio
Benefits paid ÷ total income66%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $49,108 | $0 | 2023 |
| Kestra Investment Services LLC | ADVISOR | $14,420 | not reported in the loaded dataset | 2023 |
| Nail Mckinney Professional Associa | ACCOUNTANT/AUDITOR | $12,500 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Southern Motion, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MS
- 401(k) and benefit plan filings in Ponotoc, MS
- Fidelity Investments Institutional — Schedule C compensation
- Kestra Investment Services LLC — Schedule C compensation
- Nail Mckinney Professional Associa — Schedule C compensation