Plan Ledger DOL Form 5500 · updated monthly

Community Action of South Mississippi401(k)

COMMUNITY ACTON OF SOUTH MISSISSIPPI PS/401(K) PLAN · MOSS POINT, MS · plan year 2023

Reported admin expense ratio · 2023
0.84%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Community Action of South Mississippi reported $31,266 in plan administrative expenses for 2023: 0.84% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,296 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio has held roughly steady near 0.84%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Mississippi (262nd of 367), and 8,532nd of 11,911 in health care & social assistance. In 2023, employees put in $1.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,028,897
Participants with balances168
Active participants135
Employer contributions$174,993
Employee contributions$324,290
Employer contribution per active participant$1,296
Average account balance$23,982
Benefits paid to participants$294,172
Plan auditUnmodified (clean) audit opinion
AuditorWOLF, MCDUFF, & OPPIE
Plan history2
Yearassets · accounts · employer contribution
2023$4.0M · 168 accts · $175K emplr
2022$3.4M · 154 accts · $188K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$14,124
Investment management$17,142
Total administrative$31,266
The Community Action of South Mississippi 401(k) match · 2023
Employer contribution per active participant$1,296
Median for plans this size$1,308
2023$1,296 per active participant
2022$1,326 per active participant

Community Action of South Mississippi's 2023 employer contribution ran below the $1,308 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
ALERUS FINANCIAL, N.A. · Recordkeeping · Custodial (securities)$14,124
BAM ADVISOR SERVICES, LLC · Investment advisory (participants) · Investment advisory (plan)$17,142
CHARLES SCHWAB BANK · Custodial (securities) · Trusteeindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$31,266 · 0.84%
2022$31,919 · 0.88%
Similar plansHealth Care & Social Assistance · Mississippi
Kih Management, LLC MS$4.9M · 0.03%
Delta Health Center, Inc. MS$4.3M · 0.25%
St. Luke Foundation MS$4.3M · 0.28%
Magee General Hospital MS$3.7M · 0.75%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640434184 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.