Plan Ledger DOL Form 5500 · updated monthly

General Southern Industries, Inc.401(k)

GENERAL SOUTHERN INDUSTRIES, INC. 401(K) PLAN · RUSSELLVILLE, AL · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

General Southern Industries, Inc. reported $70,903 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $2,006 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 3 years on file its reported administrative ratio has held roughly steady near 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 274th-largest of 902 plans among Alabama employers on file, and the 5,332nd of 13,661 in manufacturing. In 2024, employees put in $1.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,617,091
Participants with balances381
Active participants357
Employer contributions$715,982
Employee contributions$1,169,485
Employer contribution per active participant$2,006
Average account balance$61,987
Benefits paid to participants$1,441,588
Plan auditUnmodified (clean) audit opinion
AuditorCARR, RIGGS & INGRAM
Plan history3
Yearassets · accounts · employer contribution
2024$23.6M · 381 accts · $716K emplr
2023$20.1M · 366 accts · $703K emplr
2022$16.8M · 351 accts · $634K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,779
Trustee / custodial$10,124
Total administrative$70,903
The General Southern Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$2,006
Median for plans this size$2,416
2024$2,006 per active participant
2023$2,099 per active participant
2022$1,951 per active participant

General Southern Industries, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$60,778
NEWPORT TRUST COMPANY · Trustee · Trustee (discretionary)$10,124

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$70,903 · 0.32%
2023$60,584 · 0.33%
2022$55,659 · 0.31%
Same employer
Similar plansManufacturing · Alabama
Amico Holding Company, Inc. AL$24.8M · 0.38%
Auto Custom Carpets, Inc. AL$24.8M · 0.30%
Sea Wire and Cable, Inc. AL$22.3M · 0.06%
Milo's Tea Company, Inc. AL$21.8M · 0.63%
Process Equipment, Inc. AL$20.5M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630897153 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.