Plan Ledger DOL Form 5500 · updated monthly

Heritage Southeast Bank401(k)

HERITAGE SOUTHEAST BANK 401(K) PROFIT SHARING PLAN · HINESVILLE, GA · plan year 2022

Reported admin expense ratio · 2022
0.36%

Heritage Southeast Bank reported $74,785 in plan administrative expenses for 2022: 0.36% of average plan assets, above the peer median. 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is the 938th-largest of 2,160 plans among Georgia employers on file, and 3,258th of 4,798 in finance & insurance. In 2022, employees put in $1.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,627,235
Participants with balances268
Active participants0
Employer contributions$911,415
Employee contributions$1,328,921
Employer contribution per active participant—
Average account balance$65,773
Benefits paid to participants$4,110,754
Plan auditUnmodified (clean) audit opinion
AuditorHANCOCK ASKEW & CO., LLP
Plan history2
Yearassets · accounts · employer contribution
2023$0
2022$17.6M · 268 accts · $911K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$41,776
Investment management$311
Professional / advisory$32,651
Total administrative$74,785
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$74,785 · 0.36%
Similar plansFinance & Insurance · Georgia
Southeastern Bank GA$19.4M · 0.15%
South Banking Company GA$18.2M · 0.12%
Capital City Home Loans GA$17.3M · 0.90%
Wb&T Bankshares, Inc. GA$14.7M · 0.04%
Health One Alliance, LLC GA$14.2M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580659995 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.