401k Plan data: SOUTHERN MANAGEMENT GROUP 401(K) PLAN plan

SOUTHERN MANAGEMENT GROUP 401(K) PLAN 401k Plan overview

Plan Name	SOUTHERN MANAGEMENT GROUP 401(K) PLAN
Plan identification number	001

SOUTHERN MANAGEMENT GROUP 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SOUTHERN MANAGEMENT GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name: SOUTHERN MANAGEMENT GROUP, INC.

Employer identification number (EIN): 320001873

NAIC Classification: 531390
NAIC Description: Other Activities Related to Real Estate

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTHERN MANAGEMENT GROUP 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 WALTER KYZAR 2023-03-29
001 2021-01-01 WALTER KYZAR 2022-06-27
001 2020-01-01
001 2020-01-01
001 2018-01-01 WALTER KYZAR 2019-04-05 WALTER KYZAR 2019-04-05
001 2017-01-01 WALTER KYZAR 2018-03-16 WALTER KYZAR 2018-03-16
001 2016-01-01 WALTER KYZAR 2017-06-19 WALTER KYZAR 2017-06-19
001 2015-01-01 WALTER KYZAR 2016-04-01 WALTER KYZAR 2016-04-01
001 2014-01-01 WALTER KYZAR 2015-06-16 WALTER KYZAR 2015-06-16
001 2013-01-01 RASHANNA ETENBURN 2014-07-28 RASHANNA ETENBURN 2014-07-28

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01	WALTER KYZAR	2023-03-29
001	2021-01-01	WALTER KYZAR	2022-06-27
001	2020-01-01
001	2020-01-01
001	2018-01-01	WALTER KYZAR	2019-04-05	WALTER KYZAR	2019-04-05
001	2017-01-01	WALTER KYZAR	2018-03-16	WALTER KYZAR	2018-03-16
001	2016-01-01	WALTER KYZAR	2017-06-19	WALTER KYZAR	2017-06-19
001	2015-01-01	WALTER KYZAR	2016-04-01	WALTER KYZAR	2016-04-01
001	2014-01-01	WALTER KYZAR	2015-06-16	WALTER KYZAR	2015-06-16
001	2013-01-01	RASHANNA ETENBURN	2014-07-28	RASHANNA ETENBURN	2014-07-28

Plan Statistics for SOUTHERN MANAGEMENT GROUP 401(K) PLAN

401k plan membership statisitcs for SOUTHERN MANAGEMENT GROUP 401(K) PLAN

Measure Date Value
2020: SOUTHERN MANAGEMENT GROUP 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 128
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 79
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 13
Total of all active and inactive participants 2020-01-01 92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 92
Number of participants with account balances 2020-01-01 48
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0

Measure	Date	Value
2020: SOUTHERN MANAGEMENT GROUP 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	128
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	79
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	13
Total of all active and inactive participants	2020-01-01	92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	92
Number of participants with account balances	2020-01-01	48
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0

Financial Data on SOUTHERN MANAGEMENT GROUP 401(K) PLAN

Measure	Date	Value
2020 : SOUTHERN MANAGEMENT GROUP 401(K) PLAN 2020 401k financial data
Unrealized appreciation/depreciation of real estate assets	2020-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2020-12-31	$0
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total transfer of assets to this plan	2020-12-31	$0
Total transfer of assets from this plan	2020-12-31	$542,692
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total income from all sources (including contributions)	2020-12-31	$837,823
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$97,053
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$95,991
Expenses. Certain deemed distributions of participant loans	2020-12-31	$0
Value of total corrective distributions	2020-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$384,644
Value of total assets at end of year	2020-12-31	$3,617,398
Value of total assets at beginning of year	2020-12-31	$3,419,320
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$1,062
Total income from rents	2020-12-31	$0
Total interest from all sources	2020-12-31	$2,388
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$3,039
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$3,039
Administrative expenses professional fees incurred	2020-12-31	$0
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$100,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Amount of non-exempt transactions with any party-in-interest	2020-12-31	$0
Contributions received from participants	2020-12-31	$289,726
Participant contributions at end of year	2020-12-31	$32,168
Participant contributions at beginning of year	2020-12-31	$19,279
Participant contributions at end of year	2020-12-31	$0
Participant contributions at beginning of year	2020-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2020-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2020-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2020-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2020-12-31	$0
Other income not declared elsewhere	2020-12-31	$774
Administrative expenses (other) incurred	2020-12-31	$0
Liabilities. Value of operating payables at beginning of year	2020-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$740,770
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$3,617,398
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$3,419,320
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year	2020-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2020-12-31	$0
Investment advisory and management fees	2020-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$286,565
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$253,843
Value of interest in pooled separate accounts at end of year	2020-12-31	$574,431
Value of interest in pooled separate accounts at beginning of year	2020-12-31	$467,349
Interest on participant loans	2020-12-31	$2,388
Income. Interest from loans (other than to participants)	2020-12-31	$0
Interest earned on other investments	2020-12-31	$0
Income. Interest from US Government securities	2020-12-31	$0
Income. Interest from corporate debt instruments	2020-12-31	$0
Value of interest in common/collective trusts at end of year	2020-12-31	$2,724,234
Value of interest in common/collective trusts at beginning of year	2020-12-31	$2,678,849
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2020-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$19,118
Net investment gain/loss from pooled separate accounts	2020-12-31	$88,511
Net investment gain or loss from common/collective trusts	2020-12-31	$339,349
Net gain/loss from 103.12 investment entities	2020-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$94,918
Employer contributions (assets) at end of year	2020-12-31	$0
Employer contributions (assets) at beginning of year	2020-12-31	$0
Income. Dividends from preferred stock	2020-12-31	$0
Income. Dividends from common stock	2020-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$95,991
Contract administrator fees	2020-12-31	$1,062
Liabilities. Value of benefit claims payable at beginning of year	2020-12-31	$0
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Aggregate proceeds on sale of assets	2020-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2020-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2020-12-31	$0
Accountancy firm name	2020-12-31	WARREN AVERETT CPS'S AND ADVISORS
Accountancy firm EIN	2020-12-31	454084437

Form 5500 Responses for SOUTHERN MANAGEMENT GROUP 401(K) PLAN

2020: SOUTHERN MANAGEMENT GROUP 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	Yes
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

619007

Policy instance

Insurance contract or identification number	619007
Number of Individuals Covered	92
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Total amount of commissions paid to insurance broker	USD $1,118
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $1,118
Amount paid for insurance broker fees	0
Insurance broker organization code?	3

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Company Name:	SOUTHERN MANAGEMENT GROUP, INC.
Employer identification number (EIN):	320001873
NAIC Classification:	531390
NAIC Description:	Other Activities Related to Real Estate