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403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY,INC. 401k Plan overview

Plan Name403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY,INC.
Plan identification number 001

403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY,INC. Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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 contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Code section 403(b)(1) arrangement - See Limited Pension Plan Reporting instructions for Code section 403(b)(1) arrangements for certain exempt organizations.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

SOUTHWEST MISSISSIPPI OPPORTUNITY, INC. has sponsored the creation of one or more 401k plans.

Company Name:SOUTHWEST MISSISSIPPI OPPORTUNITY, INC.
Employer identification number (EIN):640433629
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan 403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY,INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01KEISHA BUTLER2024-10-16
0012022-01-01KEISHA BUTLER2024-02-21
0012021-01-01KEISHA BUTLER2022-06-22
0012020-01-01KEISHA BUTLER2022-06-22
0012018-01-01WILLIAM FRANKLIN2019-08-26
0012017-01-01WILLIAM FRANKLIN, JR2018-10-05 WILLIAM FRANKLIN, JR2018-10-05
0012015-01-01WILLIAM FRANKLIN, JR.2016-04-20
0012013-01-01WILLIAM FRANKLIN JR.2014-07-23
0012012-01-01WILLIAM FRANKLIN, JR.2013-07-24
0012011-01-01WILLIAM FRANKLIN, JR.2012-07-11
0012010-01-01WILLIAM FRANKLIN, JR,2011-06-22

Plan Statistics for 403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY,INC.

401k plan membership statisitcs for 403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY,INC.

Measure Date Value
2025: 403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY,INC. 2025 401k membership
Total number of particpants at beginning of year2025-10-148
Total number of particpants at end of year2025-10-148
Number of Participants With Account Balances2025-10-147
2024: 403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY,INC. 2024 401k membership
Total number of particpants at beginning of year2024-10-168
Total number of particpants at end of year2024-10-166
Number of Participants With Account Balances2024-10-166
2022: 403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY,INC. 2022 401k membership
Total number of particpants at beginning of year2022-06-227
Total number of particpants at end of year2022-06-227
Number of Participants With Account Balances2022-06-227

Financial Data on 403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY,INC.

Measure Date Value
2025 : 403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY,INC. 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-140
Total liabilities as of the end of the plan year2025-10-140
Total liabilities as of the beginning of the plan year2025-10-140
Total expenses incurred by plan in this plan year2025-10-142590
Net assets as of the end of the plan year2025-10-14144855
Total assets as of the beginning of the plan year2025-10-14121623
Value of plan covered by a fidelity bond2025-10-14250000
Participant contributions to plan in this plan year2025-10-1411677
Other expenses paid from plan in this plan year2025-10-140
Other contributions to plan in this plan year2025-10-140
Other income to plan in this plan year2025-10-144112
Plan net income in this plan year2025-10-1423232
Net assets as of the end of the plan year2025-10-14144855
Net assets as of the beginning of the plan year2025-10-14121623
Employer contributions to plan in this plan year2025-10-1410033
Fees paid to broker by Benefit Provider2025-10-1426
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-1490
2024 : 403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY,INC. 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-160
Total liabilities as of the end of the plan year2024-10-160
Total liabilities as of the beginning of the plan year2024-10-160
Total expenses incurred by plan in this plan year2024-10-1626051
Net assets as of the end of the plan year2024-10-16121623
Total assets as of the beginning of the plan year2024-10-16130965
Value of plan covered by a fidelity bond2024-10-16250000
Participant contributions to plan in this plan year2024-10-167994
Other expenses paid from plan in this plan year2024-10-160
Other contributions to plan in this plan year2024-10-160
Other income to plan in this plan year2024-10-162245
Plan net income in this plan year2024-10-16-9342
Net assets as of the end of the plan year2024-10-16121623
Net assets as of the beginning of the plan year2024-10-16130965
Employer contributions to plan in this plan year2024-10-166470
Fees paid to broker by Benefit Provider2024-10-1617
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-1623
2022 : 403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY,INC. 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-220
Total liabilities as of the end of the plan year2022-06-220
Total liabilities as of the beginning of the plan year2022-06-220
Total expenses incurred by plan in this plan year2022-06-22155703
Net assets as of the end of the plan year2022-06-22180856
Total assets as of the beginning of the plan year2022-06-22303293
Value of plan covered by a fidelity bond2022-06-22250000
Participant contributions to plan in this plan year2022-06-228477
Other expenses paid from plan in this plan year2022-06-22129
Other contributions to plan in this plan year2022-06-220
Other income to plan in this plan year2022-06-2217317
Plan net income in this plan year2022-06-22-122437
Net assets as of the end of the plan year2022-06-22180856
Net assets as of the beginning of the plan year2022-06-22303293
Employer contributions to plan in this plan year2022-06-227472
Fees paid to broker by Benefit Provider2022-06-2267

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